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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Office buildings
115 Willow Ave, Somerville, MA 02144-2528
Entity Owned
25-yr Hold
Free & Clear
Property ID
US38-0343009
Property summary
AI-generated overview
This exceptional investment opportunity presents a substantial 8,096 square foot building situated at 115 Willow Avenue in Somerville, Massachusetts. Located just a short walk from Davis Square, this property offers unparalleled convenience and accessibility. Constructed in 1900, the building seamlessly blends historical charm with modern functionality, making it suitable for a diverse range of commercial uses. The property sits on a 0.19-acre lot and is zoned for Fabrication, opening doors to a multitude of possibilities. Potential uses include, but are not limited to, artisanal production, educational facilities, manufacturing operations, co-working spaces, food production, and even cannabis product growing and manufacturing. The ample square footage provides significant space for operations, allowing for customization and expansion to meet specific business needs. The building's strategic location, combined with its versatile zoning and substantial size, presents a compelling investment opportunity for discerning buyers seeking a well-positioned and adaptable commercial property in a thriving Somerville neighborhood. The asking price for this unique property is $5,600,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,096 SF
Lot
0.19 ac (8,276 SF)
Zoning code
RC
APN
SOME M:28 B:I L:2
UPID
US38-0343009
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Charles Rose Architects Inc Interior Design Home Decor Store
-
55 Gallon Drums Somerville Big Box & Wholesale Store Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
Rosewillow LLC · 25 yrs held
Rosewillow LLC
since 2001
5 recorded transactions
Zoning & alternative use
RC · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+92.4%
Restaurant
$2.4M
+32.6%
Auto repair, garage
$2.3M
+28.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,770,000
Current use
COMMERCIAL (GENERAL)
$3,410,000
Change: +92% · Conversion: Easy
RESTAURANT
$2,350,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,280,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,245,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$2,185,000
Change: +23% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,865,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$284 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$30,496
Tax year 2024
Assessed value
$1,675,600
Assessed 2024
Previous assessed
$1,675,600
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$947,900
Assessed improvement
$727,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
8,096 SF
Lot
0.19 ac (8,276 SF)
Zoning code
RC
APN
SOME M:28 B:I L:2
UPID
US38-0343009
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RC · Somerville, MA
Zoning RC · permitted uses
RC · Somerville, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Rosewillow LLC
Entity
Free & Clear · 25 yrs held
Mailing address
115 WILLOW AVE, SOMERVILLE, MA 02144-2528
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2003
—
Rose Willow LLC
—
Deed Of Trust
related
$964,000 · Central Cooperative Bank
May 17, 2001
$1,075,000
Rosewillow LLC
Asphalt RT
Grant Deed
—
Dec 29, 2000
—
Asphalt RT
—
Deed Of Trust
related
$155,000 · Central Cooperative Bank
May 19, 2000
—
Asphalt RT
—
Deed Of Trust
related
$90,000 · Central Cooperative Bank
May 1, 1991
—
Asphalt RT
—
Deed Of Trust
related
$665,000 · Somerset Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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