199 Elm St Somerville, MA 02144-3129
This exceptional 3,601 square foot land parcel presents a rare development opportunity in the vibrant Davis Square neighborhood of Somerville, Massachusetts. Currently improved with a two-story, 1,491 square foot structure and an additional 852 square foot unfinished basement, the property is ideally situated and zoned MR4. The existing building serves as offices and parking for a publishing company. Its prime location offers unparalleled convenience, with easy access to public transportation. A short walk (.3 miles) to the Davis Square Red Line T station and (.4 miles) to the Porter Square Red Line and Commuter Rail station ensures excellent connectivity. A 21E environmental assessment was completed on the site in 1997. Comprehensive documentation is available through the MLS listing. The seller makes no representations regarding potential development
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Wisdom Publications Inc. Publishing House
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NB · Somerville, MASomerville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.