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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
244 Broadway, Somerville, MA 02145-3094
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0027888
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
2,871 SF
Lot
0.08 ac (3,660 SF)
Zoning code
RB
APN
SOME M:78 B:B L:3
UPID
US38-0027888
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
-
Tapias Convenience Grocery & Convenience Store
-
DaMata Barber Shop Barber Shop
-
Moreno Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Bayview Loan Svcng LLC · 16 yrs held
Bayview Loan Svcng LLC
since 2009
7 recorded transactions
Zoning & alternative use
RB · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$810,000
Change: -18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$176 / 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
Assessed value
$1,290,900
Assessed 2024
Previous assessed
$1,217,900
+6.0% YoY
Assessed land
$479,600
Assessed improvement
$811,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
HOT WATER
Buildings
1
Stories
2
Units
3
Rooms
11
Bathrooms
5
Total area
2,871 SF
Lot
0.08 ac (3,660 SF)
Zoning code
RB
APN
SOME M:78 B:B L:3
UPID
US38-0027888
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RB · Somerville, MA
Zoning RB · permitted uses
RB · 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
AUTO REPAIR, GARAGE
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Heating
HOT WATER
Stories
2
Buildings
1
Units
3
Rooms
11
Bathrooms
5
Lot
0.08 ac
Current owner
From public records · entity-resolved
Bayview Loan Svcng LLC
Entity
Mailing address
4425 PONCE DE LEON BLVD, CORAL GABLES, FL 33146-1837
Ownership since
2009
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
Dec 16, 2009
$375,000
Bayview Loan Svcng LLC
Cardoso,antonio R
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 18, 2007
—
Antonio R Cardoso
—
Deed Of Trust
related
$419,250 · Interbay Funding LLC
Apr 14, 2004
—
Antonio R Cardoso
—
Deed Of Trust
related
$196,976 · Banknorth NA
May 1, 2001
—
Antonio R Cardoso
—
Deed Of Trust
related
$220,000 · Medford Savings Bank
Feb 24, 2000
$370,000
Antonio R Cardoso
Cabral,paulo
Grant Deed
$200,000 · Medford Savings Bank
May 28, 1999
—
Paulo Cabral
—
Deed Of Trust
related
$55,000 · Zwi Kohorn
Nov 10, 1998
—
Paulo J Cabral
—
Deed Of Trust
related
$125,000 · Worth Funding INC
Jan 15, 1997
$90,000
Paulo Cabral
Gogos,speros
Grant Deed
$55,000 · Zenon Grzybowski
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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