Financial
Distress signals
Property profile

1060 Broadway C2 Somerville, MA 02144

OFF-MARKET
Other commercial real estate
Property ID
US38-0298407
13,783 SF Built 1973
Last sale Aug 2020 · $8,008,504
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1060 Broadway in Somerville is a modern mixed-use building designed by Sebastian Mariscal and formerly used as an elementary school, as part of the CALA (Community, Architecture, Landscape, and Art) project. The building contains more than 50 residential units alongside approximately 22,000 square feet of commercial space. The specific ground-level commercial space measures 1,670 square feet and provides access to both public and private outdoor areas. The mixed-use building is

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$133k
Tax billed · 2024
Assessed value$7.29M
Assessed improvement$7.29M
Effective rate1.82%

Value estimate

· Sep 2026
$8.70M
$7.83M – $9.56M
AI approach$8.81M

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$421/SF
Submarket average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$237 – $624
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm37.3
Nail Salon21.4
Clothing Store20.9

Location

1060 Broadway, Unit C2 Somerville, MA 02144-2078
County assessor Recorded deeds · not on file 14 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
346 Highland, Somerville, MA 02144-2521 $695,000 Apr 2019 880 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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