New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,845,000
Commercial land
29 Harding St Somerville, MA 02143-4204
Entity Owned
6-yr Hold
Free & Clear
Property ID
US38-0644099
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1975
Construction
STEEL FRAME
Total area
28,327 SF
Lot
0.92 ac (40,281 SF)
Zoning code
IP
APN
SOME M:97 B:B L:17
UPID
US38-0644099
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.85M
Owner & transaction history
Boynton Yards Landco LLC · 6 yrs held
Boynton Yards Landco LLC
since 2019
6 recorded transactions
Zoning & alternative use
IP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$136 / 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
$63,422
Tax year 2024
Assessed value
$3,484,700
Assessed 2024
Previous assessed
$4,538,400
-23.2% YoY
Effective rate
1.82%
On assessed value
Assessed land
$3,462,600
Assessed improvement
$22,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Total area
28,327 SF
Lot
0.92 ac (40,281 SF)
Zoning code
IP
APN
SOME M:97 B:B L:17
UPID
US38-0644099
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IP · Somerville, MA
Zoning IP · permitted uses
IP · 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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Boynton Yards Landco LLC
Entity
Free & Clear · 6 yrs held
Mailing address
10 POST OFC SQ, BOSTON, MA 02109-4603
Ownership since
2019
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
Aug 3, 2022
—
Boynton Yards Landco LLC
—
Deed
related
—
Dec 18, 2019
—
Boynton Yards Landco LLC
Recp 5 Harding St. Owner
Quit Claim Deed
related
—
Sep 17, 2019
$10,365,250
Recp V Harding St Owner
Eastern Odp LLC
Quit Claim Deed
—
Sep 30, 2005
$3,350,000
Eastern Odp LLC
Arrow Paper Corp
Grant Deed
$1,475,000 · Cambridge Trust Co
Nov 20, 1996
—
Arrow Paper Corp
—
Deed Of Trust
related
$480,000 · Century Bank & Trust Co
Mar 19, 1991
—
Arrow Paper Corp
—
Deed Of Trust
related
$600,000 · Pennisula LP
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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