Property profile

199 Elm St Somerville, MA 02144

OFF-MARKET
Specialty properties
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Property ID
US38-0580565
1,491 SF 0.08 ac Built 1920
Last sale Nov 2025·$1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2024$997k
Assessed land$762k
Assessed improvement$235k

Value estimate

· Nov 2026
$290k
$261k – $319k
AI approach$290k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$205/SF
County average, outlier-cleaned · 80 recorded sales of this use type
Observed band · Q1–Q3$119 – $295
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NB
JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm33.3
Nail Salon28.3
Wholesale Shop22.4

Location

199 Elm St Somerville, MA 02144-3129
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 10 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
855 Broadway, Somerville, MA 02144-1992 $2,700,000 Jun 2022 8,226 SF
371 Summer, Somerville, MA 02144-3144 $1,850,000 Oct 2019 3,716 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
5 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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