Property profile

23 Cummings St Somerville, MA 02145

OFF-MARKET
Hotels
Property ID
US38-0802230
77,645 SF 2.57 ac lot Built 1999
Individually Owned 17-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 77,645 SF
Lot 2.57 ac (111,970 SF)
Zoning code HOD
APN SOME M:68 B:B L:4
UPID US38-0802230

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Atm
  • Travel Agency Tour Operator

Location

23 Cummings St Somerville, MA 02145-1117
Somerville metro Census 350106 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.12M

Owner & transaction history

since 2009
7 recorded transactions
2022
Price N/A
2018
Price N/A
2018
Price N/A
2009
$1
2006
$5,000
1996
$1.7M
1995
$105,525

Zoning & alternative use

HOD · Somerville, MA
Top alternative use upside
Medical building $6.5M +566.0%
Commercial (general) $6.1M +528.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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