Advertise

Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Open Dashboard
How to use Realmo Analytics Watch the walkthrough
Financial
Distress signals
Property profile

285 Washington St Somerville, MA 02143

FOR LEASE
Other warehouses
Property ID
US38-1037445
21,232 SF 0.56 ac lot Built 1920
Last sale Nov 2015 · $2,700,000
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
285 Washington St, Somerville, MA 02143 For Lease 1 / 5
$2,305,000 6,912 SF available
285 Washington St, Somerville, MA 02143
View Listing

Property summary

AI-generated overview

The property is a mixed-use workplace building configured for office, flex, and research-and-development uses, with tenant and visitor parking onsite. It includes indoor bike storage and shower facilities. The building provides dock/drive-in loading suitable for tailboard loading operations. Interior space is arranged with approximately 5,200 square feet on the first floor, including three private offices, one conference room, a kitchenette, and an IT/storage closet. The second floor contains approximately 1,712 square feet of additional workspace.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$67k
Tax billed · 2024
Assessed value$3.68M
Assessed land$1.24M
Assessed improvement$2.44M
Effective rate1.82%

Value estimate

· Oct 2026
$2.31M
$2.07M – $2.54M
NOI build-up
Gross scheduled income$56k
Vacancy & credit loss−$4k
Operating expenses−$18k
NOI · 3,427,800.00% cap applied$34k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$145/SF
County average, outlier-cleaned · 139 recorded sales of this use type
Observed band · Q1–Q3$64 – $225
Qualifying comparables3

Cap rate analysis

How does the asset earn?
3,427,800.00%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.1
Nail Salon14.4
Clothing Store14.0

Location

285 Washington St Somerville, MA 02143
County assessor Recorded deeds · 9 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20 Chestnut, Somerville, MA 02143 $717,500 Oct 2024 27,903 SF
24 Webster, Somerville, MA 02143-3341 $3,900,000 Oct 2024 11,348 SF
14 Horace, Somerville, MA 02143-4207 $9,025,000 May 2023 9,210 SF
334 Washington, Somerville, MA 02143-3812 $4,435,000 May 2022 9,180 SF
56 Webster, Somerville, MA 02143 $300,000 Feb 2022 19,879 SF
600 Windsor, Somerville, MA 02143-4123 $2,500,000 Oct 2018 23,979 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $1,985,000
    21,413 SF
    61 Innerbelt Rd
    INDUSTRIAL (GENERAL)
    61 Innerbelt Rd, Somerville, MA 02143-4416
    View Details
  • Value Estimation
    $2,365,000
    21,764 SF
    191 Innerbelt Rd
    WAREHOUSE, STORAGE
    191 Innerbelt Rd, Somerville, MA 02143
    View Details
  • Value Estimation
    $280,000
    19,879 SF
    56 Webster Ave
    WAREHOUSE, STORAGE
    56 Webster Ave, Somerville, MA 02143
    View Details
  • Value Estimation
    $2,550,000
    23,281 SF
    541 Windsor St
    WAREHOUSE, STORAGE
    541 Windsor St, Somerville, MA 02143
    View Details
  • Value Estimation
    $2,830,000
    26,139 SF
    11 Miller St
    WAREHOUSE, STORAGE
    11 Miller St, Somerville, MA 02143-3586
    View Details
  • Value Estimation
    $1,815,000
    16,578 SF
    30 Alston St
    WAREHOUSE, STORAGE
    30 Alston St, Somerville, MA 02143-2102
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    20,000 SF
    Flexible Industrial Space
    High ceilings, loading capability, and ample power support varied operational uses.
    10-12 1st Avenue, Somerville, MA 02143
    View Details
  • $9,000,000
    24,657 SF
    Industrial Flex Building For Sale
    24,657 SF industrial flex building in Somerville, Massachusetts.
    40 Lake Street, Somerville, MA 02143
    View Details
  • New
    Contact for pricing
    1,107 SF
    Specialty Food Processing Space
    Former food corporation space with upgraded electrical, central heating and AC, and a large back-area refrigerator.
    318 Somerville, Somerville, MA 02143
    View Details
  • New
    Contact for pricing
    285 SF
    Office/Flex Space Available
    17,101 - 32,776 SF of office/flex space for lease.
    22 Mcgrath Hwy |, Somerville, MA 02143
    View Details
  • New
    Contact for pricing
    Flex/Industrial Space Available
    Flex/industrial space available for lease.
    230 Somerville Ave |, Somerville, MA 02143
    View Details

Similar Nearby for Lease

  • Contact for pricing
    20,000 sqft
    Flex Space with Loading
    Flexible industrial space supports light manufacturing, distribution, and R&D operations.
    12 1st Ave, Somerville, MA 02143
    View Details
  • Contact for pricing
    18,000 sqft
    Urban Warehouse with Outdoor Storage
    Industrial space offers paved exterior storage and tailboard loading capability in an urban Somerville setting.
    41 Inner Belt Road, Somerville, MA 02143
    View Details
  • Contact for pricing
    43,486 sqft
    Somerville Warehouse Space Available
    Industrial warehouse space available for lease in Somerville, Massachusetts.
    22 Kent Street, Somerville, MA 02143
    View Details
  • New
    Contact for pricing
    10,200 sqft
    Flex Space for Lease
    Flex space available for lease near the Union Square MBTA station with easy access to I-93.
    230 Somerville Ave, Somerville, MA 02143
    View Details
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Request Owner's contact information
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
Message sent successfully
Error
Email to Your Friends
Link copied to clipboard
Separate multiple addresses with a comma
Message sent successfully
Error
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Thank You

You are Unsubscribed From Notifications

Thank You for Inquiry
285 Washington St, Somerville, MA, 02143
letter with green check mark
Check your email
We sent you the
agent's contact details. yellow underline
Can't find it?
Please check your junk/spam folder.
Why this one?
Saved
Reason not saved — we won't ask again
Google sign-in failed. Please try again or use another login method.
Sign Up Successful!
You now have access to more from Realmo!