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Property profile & analytics
OFF-MARKET
Estimated value
$25,670,000
Investment properties
315 Broadway Somerville, MA 02145-2448
Entity Owned
5-yr Hold
Property ID
US38-1404876
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Construction
FRAME
Total area
58,116 SF
Lot
0.6 ac (26,284 SF)
Zoning code
BA
APN
SOME M:58 B:C L:8
UPID
US38-1404876
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
Current use
Occupant on record · Public records
-
315 Broadway Apartment Building
-
harvard university High School
-
The Run RX Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.67M
Owner & transaction history
Broadway Temple LLC · 5 yrs held
Broadway Temple LLC
since 2021
Last sale
$25.5M
7 recorded transactions
Zoning & alternative use
BA · 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
Method
Estimation
Statistic approach
$26,015,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$19,930,000
Current use
RESTAURANT
$16,870,000
Change: -15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,355,000
Change: -18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,100,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$25.67M
Range $23.10M – $28.24M · ±10% · vs last sale $25.50M (Jun 17 2021)
Last sale anchor
$25.50M
Jun 17 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$442 / 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
Assessed value
$23,105,300
Assessed 2024
Previous assessed
$29,905,500
-22.7% YoY
Assessed land
$3,294,500
Assessed improvement
$19,810,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
46
Rooms
92
Bathrooms
8
Total area
58,116 SF
Lot
0.6 ac (26,284 SF)
Zoning code
BA
APN
SOME M:58 B:C L:8
UPID
US38-1404876
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA · Somerville, MA
Zoning BA · permitted uses
BA · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$19.9M
RESTAURANT
Est. value
$16.9M
AUTO REPAIR, GARAGE
Est. value
$16.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
46
Rooms
92
Bathrooms
8
Lot
0.6 ac
Current owner
From public records · entity-resolved
Broadway Temple LLC
Entity
Mailing address
159 CAMBRIDGE ST, ALLSTON, MA 02134-1848
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$25,500,000
Broadway Temple LLC
315 Broadway LLC
Quit Claim Arm's Length For Ne States
$17,000,000 · Hingham Institution For Savings
Jun 4, 2020
—
315 Broadway LLC
—
Deed
related
$12,310,000 · East Boston Savings Bank
Aug 7, 2019
—
315 Broadway LLC
—
Deed
related
$14,970,400 · Bank Of New England
Jun 28, 2019
—
315 Broadway LLC
—
Deed
related
$14,500,000 · East Boston Savings Bank
Mar 10, 2014
—
315 Broadway LLC
—
Deed Of Trust
related
$1,048,000 · Reune INC
Nov 13, 2013
$2,200,000
315 Broadway LLC
Cynthia R Gilman Irt
Quit Claim Deed
related
$1,100,000 · Bank Of New England NA
Nov 26, 2012
$1
Cynthia R Gilman Irt
Gilman Ft
Grant Deed
related
—
Jul 2, 2012
$1
Richard E Blumsack Ret
Blumsack,richard E
Grant Deed
related
—
Apr 24, 2008
$1
Gilman,cynthia R Tr
Gilman,cynthia R
Grant Deed
—
Jan 2, 2001
—
Richard E Blumsack
—
Deed Of Trust
related
$200,000 · Zwi Kohorn
Oct 19, 1999
—
Richard E Blumsack
—
Deed Of Trust
related
$140,000 · Zwi Kohorn
Aug 24, 1988
—
Dorothy Blumsack
—
Deed Of Trust
related
$8,250,000 · Winter Hill Fsb
—
—
315 Broadway LLC
—
Deed Of Trust
related
$14,970,400 · Bank Of New England
—
—
315 Broadway LLC
—
Deed Of Trust
related
$9,475,000 · Bank Of New England
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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