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Property profile & analytics
OFF-MARKET
Estimated value
$8,870,000
Commercial land
120 Middlesex Ave Somerville, MA 02145-1112
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0171850
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,200 SF
Lot
0.34 ac (14,750 SF)
Zoning code
HOD
APN
SOME M:68 B:B L:2
UPID
US38-0171850
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
-
Arbella Insurance - Somerville Drive-in Center Financial Advisor Insurance Agency
-
Eglise Tabernacle De Church
-
Evermore Light & Power Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.87M
Owner & transaction history
Dwch Assembly Row LLC · 4 yrs held
Dwch Assembly Row LLC
since 2022
Last sale
$9.0M
5 recorded transactions
Zoning & alternative use
HOD · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$7,715,000
ML approach
$8,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.87M
Range $7.98M – $9.76M · ±10% · vs last sale $9.00M (Jan 6 2022)
Last sale anchor
$9.00M
Jan 6 2022
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
$964 / 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
$31,368
Tax year 2024
Assessed value
$1,723,500
Assessed 2024
Previous assessed
$2,188,500
-21.2% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,723,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
9,200 SF
Lot
0.34 ac (14,750 SF)
Zoning code
HOD
APN
SOME M:68 B:B L:2
UPID
US38-0171850
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HOD · Somerville, MA
Zoning HOD · permitted uses
HOD · 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.
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Dwch Assembly Row LLC
Entity
Free & Clear · 4 yrs held
Mailing address
301 HOWARD ST STE #2100, SAN FRANCISCO, CA 94105-6616
Ownership since
2022
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
Jan 6, 2022
$9,000,000
Dwch Assembly Row LLC
Grande Spaulding LLC
Quit Claim Arm's Length For Ne States
—
Dec 12, 2011
—
Grande Spaulding LLC
—
Deed Of Trust
related
$715,000 · Winter Hill Fsb
Jul 1, 2010
—
Grande Spaulding LLC
—
Deed Of Trust
related
$150,000 · Winter Hill Fsb
May 14, 2010
$955,000
Grande Spaulding LLC
Clay Realty Corp
Grant Deed
$538,600 · Winter Hill Fsb
Feb 23, 1999
—
Clay Rlty Corp
—
Deed Of Trust
related
$242,000 · Us Trust Middlesex
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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