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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Automotive properties
259 Mcgrath Hwy Somerville, MA 02143-3417
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US38-1089488
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
162,551 SF
Lot
2.27 ac (98,881 SF)
Zoning code
IA
APN
SOME M:94 B:C L:2
UPID
US38-1089488
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
-
Herb Chambers Companies Car Dealership
-
Mercedes-Benz of Boston Car Dealership
-
Smart Center - Service Center of Boston Car Dealership
-
Herb Chambers Maybach Service Auto Repair Shop Vehicle Inspection Center
-
Mercedes-Benz of Boston Service Center Auto Repair Shop
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
Herb Chambers Somervll · 29 yrs held
Herb Chambers Somervll
since 1996
6 recorded transactions
Zoning & alternative use
IA · 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
$4 / 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
$394,048
Tax year 2024
Assessed value
$21,651,000
Assessed 2024
Previous assessed
$21,178,400
+2.2% YoY
Effective rate
1.82%
On assessed value
Assessed land
$8,056,800
Assessed improvement
$13,594,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
1
Total area
162,551 SF
Lot
2.27 ac (98,881 SF)
Zoning code
IA
APN
SOME M:94 B:C L:2
UPID
US38-1089488
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IA · Somerville, MA
Zoning IA · permitted uses
IA · 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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
Herb Chambers Somervll
Individual
Mailing address
259 MCGRATH HWY, SOMERVILLE, MA 02143-3417
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2012
—
Herb Chambers Of Somervil
—
Deed Of Trust
related
$12,050,000 · Worth Funding INC
May 11, 2011
—
Herb Chambers Of Somervil
—
Deed Of Trust
$500,000 · Bank Of America
Dec 19, 1996
$6,100,000
Herb Chambers Somervll
Rvd RT
Grant Deed
$6,100,000 · Somerset Savings Bank
Jun 8, 1990
—
Rvd RT
—
Deed Of Trust
related
$4,450,000 · Somerset Savings Bank
Sep 9, 1988
—
Rvd Realty Tr
—
Deed Of Trust
related
$8,127,000 · Somerset Savings Bank
May 29, 1987
—
Rvd RT
—
Deed Of Trust
related
$8,100,000 · Somerset Savings Bank
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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