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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Banks
212 Elm St Somerville, MA 02144-2958
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-1179071
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
83,595 SF
Lot
0.88 ac (38,158 SF)
Zoning code
CBD
APN
SOME M:26 B:B L:1
UPID
US38-1179071
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
-
StriveHub Medical Clinic
-
Thiago Ribeiro Financial Advisor
-
Chris Maloney Financial Advisor
-
Modulate (Bike/Boat/Book/etc) Store Corporate Office
-
All Seasons Cooling & Heating HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Davis Square Re LLC · 18 yrs held
Davis Square Re LLC
since 2007
7 recorded transactions
Zoning & alternative use
CBD · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
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
$7 / 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
$453,455
Tax year 2024
Assessed value
$24,915,100
Assessed 2024
Previous assessed
$24,919,100
0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$7,095,900
Assessed improvement
$17,819,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
5
Total area
83,595 SF
Lot
0.88 ac (38,158 SF)
Zoning code
CBD
APN
SOME M:26 B:B L:1
UPID
US38-1179071
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Somerville, MA
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
5
Lot
0.88 ac
Current owner
From public records · entity-resolved
Davis Square Re LLC
Entity
Mailing address
745 BOYLSTON ST STE #203, BOSTON, MA 02116-2614
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
—
Davis Square Re LLC
—
Deed
related
$11,800,000 · Needham Bank
Oct 22, 2007
$19,541,000
Davis Square Re LLC
Apca Elm Street H LLC
Land Court
$9,999,999 · Citibank NA
Oct 1, 2004
$15,410,322
Apca Elm St H LLC
Paradigm Elm St LLC
Grant Deed
$9,300,000 · Deutsche Bank
Sep 18, 2000
$13,000,000
Paradigm Elm St LLC
Citizens Bk Of Mass
Grant Deed
$10,900,000 · Anglo Irish Bank Corp
Jul 9, 1993
$72,000
Somrock Corp
Mackay,robert C
Grant Deed
—
Jun 15, 1988
$415,000
Ssb Leeway Corp
Salinsky,richard P
Grant Deed
—
—
—
Davis Square Real Estate
—
Deed Of Trust
related
$17,000,000 · Miscellaneous Ins Co
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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