Property profile

28 Cross St Somerville, MA 02145

OFF-MARKET
Office buildings
Property ID
US38-0880703
2,343 SF 0.06 ac lot Built 1940
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,343 SF
Lot 0.06 ac (2,737 SF)
Zoning code RB
APN SOME M:90 B:D L:16
UPID US38-0880703

Cap rate & NOI

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

Location

28 Cross St Somerville, MA 02145
Somerville metro Census 351403 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
$740k

Owner & transaction history

since 2018
7 recorded transactions
2020
Price N/A
2019
Price N/A
2018
$595,000
2017
$499,000
2003
Price N/A
2000
Price N/A
1994
Price N/A

Zoning & alternative use

RB · Somerville, MA
Top alternative use upside
Commercial (general) $805,000 +56.7%
Auto repair, garage $660,000 +28.6%
Neighborhood: shopping center $650,000 +26.6%

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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