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    Property profile & analytics

    197 Elm St Somerville, MA 02144-3129

    • Investment properties
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1707704
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Revival Cafe+Kitchen / Cafe / Breakfast Restaurant

    Property Details for 197 Elm St

    Lot size
    0.09 lot acres
    Zone code
    NB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SOME M:26 B:C L:10
    APU
    SOMEM26BCL10

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1204
    Latitude
    42.3935
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $712,600
    $1,035,600
    $1,748,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      339 Summer St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.14 Acres
      339 Summer St, Somerville, MA 02144-3141
      View Details
    • Value Estimation by Request
      3,528 SF

      5 Lowden Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,528 SF
      5 Lowden Ave, Somerville, MA 02144-2156
      View Details
    • Value Estimation by Request
      16,540 SF

      377 Summer St

      OFFICE/RESIDENTIAL (MIXED USE) • 16,540 SF
      377 Summer St, Somerville, MA 02144-3107
      View Details
    • Value Estimation by Request
      2,410 SF

      31 Appleton St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,410 SF
      31 Appleton St, Somerville, MA 02144-2101
      View Details
    • Value Estimation by Request
      6,237 SF

      54 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,237 SF
      54 Elm St, Somerville, MA 02144-3226
      View Details
    • Value Estimation by Request
      20,736 SF

      402 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 20,736 SF
      402 Highland Ave, Somerville, MA 02144-2548
      View Details

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    Similar Nearby for Lease

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      Unique Loft in Davis Square

      Rare live/work loft with commercial kitchen and private yard.
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      Davis Square Second-Floor Office Suites

      Three office suites available in Somerville's vibrant Davis Square.
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      Parking Spot For Rent

      Parking spot available in garage, walkable to Davis Sq.
      18 Cottage Ave, Somerville, MA 02144
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      18,921 SF

      Davis Square Office Building

      First-class office building near MBTA Red Line Station.
      212 Elm St, Somerville, MA 02144
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      Davis Square Second-Floor Office Suites

      Three office suites for lease in Somerville's Davis Square.
      377 Summer St, Somerville, MA 02144
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    Property Visit Statistics

    • Visits by month
      5.3k
    • Visitors by month
      3.1k
    • Avg Time on site
      70 min
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    197 Elm St
    Somerville, MA 02144-3129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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