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Property profile & analytics
OFF-MARKET
Estimated value
$21,300,000
Office buildings
121 Innerbelt Rd Somerville, MA 02143-4415
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US38-1604872
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,398 SF
Lot
4.28 ac (186,437 SF)
APN
SOME M:115 B:A L:1-A
UPID
US38-1604872
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.30M
Owner & transaction history
Atlantic-innerbelt Realty · 15 yrs held
Atlantic-innerbelt Realty
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.3M
+32.6%
Auto repair, garage
$22.6M
+28.6%
Neighborhood: shopping center
$22.3M
+26.6%
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
$17,595,000
Current use
RESTAURANT
$23,340,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$22,630,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,275,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$21,675,000
Change: +23% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$18,525,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$21.30M
Range $19.17M – $23.43M · ±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
$265 / 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
$285,698
Tax year 2024
Assessed value
$15,697,700
Assessed 2024
Previous assessed
$15,434,600
+1.7% YoY
Effective rate
1.82%
On assessed value
Assessed land
$7,595,400
Assessed improvement
$8,102,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
80,398 SF
Lot
4.28 ac (186,437 SF)
APN
SOME M:115 B:A L:1-A
UPID
US38-1604872
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.6M
RESTAURANT
Est. value
$23.3M
AUTO REPAIR, GARAGE
Est. value
$22.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.3M
RETAIL STORES
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.5M
OFFICE BUILDING Current
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
4.28 ac
Current owner
From public records · entity-resolved
Atlantic-innerbelt Realty
Entity
Mailing address
205 NEWBURY ST, FRAMINGHAM, MA 01701-4581
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
Atlantic Innerbelt Rlty
—
Deed
related
$6,500,000 · Ameritas Life Ins Cor
Jul 8, 2011
$13,000,000
Atlantic-innerbelt Realty
Inner Belt RT
Grant Deed
—
May 1, 2001
—
Inner Belt RT
—
Deed Of Trust
related
$6,300,000 · Century Bank & Trust Co
Feb 26, 1998
—
Inner Belt Industrial
—
Deed Of Trust
related
$7,700,000 · Nationsbank
Mar 28, 1996
—
Inner Belt RT
—
Deed Of Trust
related
$4,350,000 · Zuckerman Family Nomi
Apr 21, 1993
—
Inner Belt Indstrl RT
—
Deed Of Trust
related
$1,260,301 · Shawmut
Nov 30, 1987
—
Inner Belt Inds Ctr RT
—
Deed Of Trust
related
$750,000 · Fleet National 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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