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Property profile & analytics
OFF-MARKET
Specialty properties

199 Elm St Somerville, MA 02144-3129

1,491 SF 0.08 ac lot Built 1920
Entity Owned ~ Est. High Equity
Property ID
US38-0580565
Property summary
AI-generated overview

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

Property profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1920
Construction FRAME
Total area 1,491 SF
Lot 0.08 ac (3,601 SF)
Zoning code NB
APN SOME M:26 B:C L:11
UPID US38-0580565
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
  • Wisdom Publications Inc. Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
181 Pearl St LLC
181 Pearl St LLC
since 2025
3 recorded transactions
2026
Price N/A
2025
$1.5M
1997
$265,000
Zoning & alternative use
NB · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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