Property profile

161 Broadway Somerville, MA 02145

OFF-MARKET
Auto shops
Property ID
US38-0552595
11,640 SF 0.3 ac lot Built 1924
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional property at 161 Broadway in Somerville, Massachusetts, offers a versatile warehouse/garage space ideal for a variety of businesses. Located in Middlesex County, zip code 02145, this single-tenancy property presents a unique opportunity. The primary space is designed as a warehouse, perfect for storage, light manufacturing, or distribution. The flexible layout allows for customization to meet specific operational needs. A significant advantage is the option to include office space, providing a seamless integration of administrative functions within the same building. This eliminates the need for separate office leases and streamlines operations. The property's location in Somerville offers convenient access to major transportation routes, facilitating efficient logistics and distribution. The building is well-maintained and ready for immediate occupancy. This is an excellent opportunity for businesses seeking a functional and adaptable space in a prime Somerville location. The property is classified as both Office and Industrial, offering a blend of uses within a single building. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's latitude and longitude coordinates are 42.3887569 and -71.0852942 respectively.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1924
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,640 SF
Lot 0.3 ac (12,994 SF)
Zoning code BA
APN SOME M:89 B:K L:12
UPID US38-0552595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership

Location

161 Broadway Somerville, MA 02145-2102
Somerville metro Census 350107 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2013
6 recorded transactions
2025
Price N/A
2013
$710,000
2011
Price N/A
2009
Price N/A
2007
$1
2007
$750,000

Zoning & alternative use

BA · Somerville, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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