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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Office buildings
2 Alpine St, Somerville, MA 02144-2790
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0518243
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,280 SF
Lot
0.17 ac (7,565 SF)
Zoning code
RC
APN
SOME M:34 B:A L:2
UPID
US38-0518243
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
-
G-9 Markaz Association Or Organization
-
The Run RX Physician
-
Us 1 Guide – Just another WordPress site Park
-
Allie Duffy Physician
-
Vancini Accounting & Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
2-4 Alpine Somerville LLC · 4 yrs held
2-4 Alpine Somerville LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
RC · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+92.4%
Restaurant
$1.5M
+32.6%
Auto repair, garage
$1.5M
+28.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,205,000
ML approach
$2,310,000
CAP Approach
CAP Return
Estimation
6%
$2,980,000
6.5%
$2,750,000
7%
$2,555,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,225,000
Change: +92% · Conversion: Easy
RESTAURANT
$1,535,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,485,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,465,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,425,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.40M (Jul 26 2021)
Last sale anchor
$2.40M
Jul 26 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$449 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$18,255
Tax year 2024
Assessed value
$1,003,000
Assessed 2024
Previous assessed
$1,003,000
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$450,300
Assessed improvement
$552,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Total area
5,280 SF
Lot
0.17 ac (7,565 SF)
Zoning code
RC
APN
SOME M:34 B:A L:2
UPID
US38-0518243
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RC · Somerville, MA
Zoning RC · permitted uses
RC · Somerville, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
2-4 Alpine Somerville LLC
Entity
Mailing address
35 BULLARD LN, MILLIS, MA 02054-1001
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
2-4 Alpine Somerville LLC
—
Deed
related
$12,692,500 · Rockland Credit Union
Jul 26, 2021
$2,400,000
2-4 Alpine Somerville LLC
Somerville M&m RT
Quit Claim Arm's Length For Ne States
$9,691,500 · Rockland Credit Union
Nov 13, 2018
—
Somerville,m Trust
2-13 Alpine Street LLC
Quit Claim Deed
related
—
Dec 28, 2012
$1
2-13 Alpine Street LLC
Pmd Group LLC
Grant Deed
related
—
Oct 26, 2004
$470,000
Pmd Group LLC
Dupuis,peter A SR
Grant Deed
$342,923 · Peter A Dupuis
Mar 20, 2003
—
Peter A Dupuis
—
Deed Of Trust
related
$1,750,000 · Central Cooperative Bank
Dec 28, 1989
—
Nancy J Dupuis
—
Deed Of Trust
related
$250,000 · Somerset Savings Bank
Jul 14, 1989
$155,000
William Cheng
Marshall,margaret
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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