Property profile

285 Washington St Somerville, MA 02143

FOR LEASE
Warehouse, Storage
Property ID
US38-1037445
21,232 SF 0.56 ac lot Built 1920
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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.

Property profile

Verified
Property type Warehouse, Storage
Year built 1920
Total area 21,232 SF
Lot 0.56 ac (24,480 SF)
APN SOME M:74 B:E L:20
UPID US38-1037445

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
  • Landscaping (Bike/Boat/Book/etc) Store
  • Architecture Firm
  • (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Corporate Office

Location

285 Washington St Somerville, MA 02143
Somerville metro
Google Maps

Value estimations

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

Owner & transaction history

since 2021
Last sale
$2.7M
1 recorded transaction
2021
Price N/A
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