Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    30 Cobble Hl Rd Somerville, MA 02143-4412

    • Warehouses
    • 41,451 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0970321
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grossman Marketing Group / Graphic Designer / Promotional Products Supplier
    • Porter Sq Carrier Annex / Warehouse
    • Affordable Rush Couriers / Courier Service
    • Dryvve / Marketing Agency

    Property Details for 30 Cobble Hl Rd

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.99 lot acres
    Property size
    41,451 SF
    Zone code
    IA
    Property type
    Warehouses
    APN
    SOME M:111 B:A L:13
    APU
    SOMEM111BAL13

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0849
    Latitude
    42.3794
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $101,885
    $3,531,600
    $2,066,500
    $5,598,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $470,000
      26,139 SF

      11 Miller St

      WAREHOUSE, STORAGE • 26,139 SF
      11 Miller St, Somerville, MA 02143-3586
      View Details
    • Value Estimation
      $660,000
      50,088 SF

      30 Dane St

      WAREHOUSE, STORAGE • 50,088 SF
      30 Dane St, Somerville, MA 02143-3200
      View Details
    • Value Estimation
      $2,185,000
      57,527 SF

      520 Columbia St

      WAREHOUSE, STORAGE • 57,527 SF
      520 Columbia St, Somerville, MA 02143-4105
      View Details
    • Value Estimation
      $335,000
      16,578 SF

      30 Alston St

      WAREHOUSE, STORAGE • 16,578 SF
      30 Alston St, Somerville, MA 02143-2102
      View Details
    • Value Estimation
      $565,000
      57,826 SF

      86 Joy St

      WAREHOUSE, STORAGE • 57,826 SF
      86 Joy St, Somerville, MA 02143-2154
      View Details
    • Value Estimation
      $420,000
      34,479 SF

      151 Linwood St

      WAREHOUSE, STORAGE • 34,479 SF
      151 Linwood St, Somerville, MA 02143-2114
      View Details

    Similar Nearby for Sale

    • $9,000,000
      24,657 SF

      Industrial Flex Building For Sale

      24,657 SF industrial flex building in Somerville, Massachusetts.
      40 Lake St, Somerville, MA 02143
      View Details
    • Contact for pricing
      19 SF

      Flex/Industrial Space Available

      Flex/industrial space available for lease.
      230 Somerville Ave, Somerville, MA 02143
      View Details
    • 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
    • $850,000
      0.02 Acres

      Historic Somerville Diner for Sale

      Iconic diner, prime location, motivated seller.
      113 Washington St, Somerville, MA 02143
      View Details
    • Contact for pricing
      1,715 SF

      New Retail Condo in Union Square

      New 1,715 SF retail condo in a mixed-use development.
      65-71 Bow St, Somerville, MA 02143
      View Details
    • $2,100,000

      Somerville Investment Property For Sale

      Fully leased 3-unit property near Davis Square and Tufts.
      15 Albion St, Somerville, MA 02143
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      78,000 SF

      Somerville Warehouse: 78,000 SF

      Large industrial warehouse, ideal for lease or sale.
      321 Washington St, Somerville, MA 02143
      View Details
    • Contact for pricing
      43,486 SF

      Somerville Warehouse Space Available

      Industrial warehouse space available for lease in Somerville, Massachusetts.
      22 Kent St, Somerville, MA 02143
      View Details
    • Contact for pricing
      20,000 SF

      Somerville Warehouse: Prime Flex Space

      20,000 SF Warehouse - Immediate Occupancy
      321 Washington St, Somerville, MA 02143
      View Details
    • Contact for pricing
      1,690 SF

      Somerville Warehouse/Flex Space For Lease

      First floor warehouse/flex space with MBTA access and at-grade door.
      588-590 Somerville Ave, Somerville, MA 02143
      View Details
    • $1.00 SF/Yr
      1,712 SF

      Office/Flex/R&D Space Available

      Office/Flex/R&D space available for rent in Somerville, MA.
      285 Washington St, Somerville, MA 02143
      View Details
    • Contact for pricing
      17,460 SF

      Somerville Industrial Space Available

      17,460 SF industrial space for lease in Somerville, MA.
      57-59 Innerbelt Rd, Somerville, MA 02143
      View Details
    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.
    30 Cobble Hl Rd
    Somerville, MA 02143-4412
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.