Technical
Financial
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Property profile

230 Somerville Ave Somerville, MA 02143

FOR SALE
Retail properties & Spaces
Property ID
US38-1072738
19,253 SF 0.43 ac lot Built 1946
Individually Owned 23-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 40,000-square-foot warehouse, situated at 230 Somerville Avenue in Somerville, MA, presents a unique leasing opportunity. Currently, 10,200 square feet of contiguous space is immediately available within this multi-tenant building. Built in 1960, the two-story Class C warehouse boasts a 12-foot ceiling height, perfect for various industrial uses. The property includes two loading docks and six parking spaces, enhancing operational efficiency. Power is supplied by a robust 600-amp, 3-phase system. The property sits on a 0.43-acre lot and is zoned BA. Its prime location in the Somerville/Chelsea submarket offers unparalleled access to major transportation arteries. Less than two miles from Route I-93, it provides effortless commutes to Cambridge and downtown Boston. Furthermore, the property enjoys the convenience of proximity to the new Union Square MBTA Green Line station and various MBTA bus routes, ensuring easy employee and client access. The vibrant Union Square neighborhood offers a wealth of amenities, including numerous restaurants, cafes, and specialty markets, creating a desirable work environment. This is an excellent opportunity to secure flexible industrial space in a thriving, well-connected location.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1946
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,253 SF
Lot 0.43 ac (18,803 SF)
Zoning code BA
APN SOME M:95 B:B L:2
UPID US38-1072738

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
  • Furniture & Home Goods Home Decor Store
  • Production Facility
  • Hardware & Home Improvement Production Facility
  • General Contractor

Location

230 Somerville Ave Somerville, MA 02143
Somerville metro Census 351500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.37M

Owner & transaction history

since 2003
4 recorded transactions
2013
Price N/A
2003
$975,000
2000
Price N/A
1991
$575,000

Zoning & alternative use

BA · Somerville, MA

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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