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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Showrooms
366 Broadway Somerville, MA 02145-2812
Entity Owned
~
Est. High Equity
Property ID
US38-0342643
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,160 SF
Lot
0.31 ac (13,495 SF)
Zoning code
RC
APN
SOME M:48 B:C L:2
UPID
US38-0342643
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
-
Dr. Timothy Osborn Dental Office
-
Dr. Paul Shteynberg, DMD Dental Office
-
Nelly Shteynberg Dental Office
-
Dr. Jahan Monirian Dental Office
-
Dr. Evan Wardius Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
366 Broadway Dev LLC
366 Broadway Dev LLC
since 2025
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
RC · 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
$3,405,000
ML approach
$3,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,455,000
Current use
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.60M (Dec 28 2021)
Last sale anchor
$3.60M
Dec 28 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
$492 / 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
$31,220
Tax year 2024
Assessed value
$1,715,400
Assessed 2024
Previous assessed
$1,715,400
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$647,600
Assessed improvement
$1,067,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Total area
7,160 SF
Lot
0.31 ac (13,495 SF)
Zoning code
RC
APN
SOME M:48 B:C L:2
UPID
US38-0342643
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RC · Somerville, MAZoning RC · permitted uses
RC · Somerville, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
366 Broadway Dev LLC
Entity
Mailing address
200 BROADWAY STE #103, LYNNFIELD, MA 01940-2349
Ownership since
2025
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
Oct 23, 2025
$4,104,151
366 Broadway Dev LLC
366 Broadway Somerville L
Deed
$16,500,000 · Leader Bank NA
Jan 14, 2025
—
366 Broadway Somerville
—
Deed
related
$6,500,000 · 25 Isabella St LLC
Nov 21, 2024
—
366 Broadway Somerville
—
Deed
related
$7,850,000 · First Boston Construction Holdings LLC
Apr 22, 2022
—
366 Broadway Somerville
—
Deed
related
$2,500,000 · First Boston Construction Holdings LLC
Dec 28, 2021
$3,600,000
366 Broadway Somerville
366 Broadway LLC
Quit Claim Arm's Length For Ne States
$2,700,000 · Mountain 1st Bank & Trust Co
Apr 10, 2019
—
366 Broadway LLC
S & M
Quit Claim Deed
related
—
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.
Try Rey
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