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Property profile & analytics
OFF-MARKET
Gas stations
371 Highland Ave, Somerville, MA 02144-2518
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0032040
Property summary
AI-generated overview
This exceptional 8,127 sq ft lot in Somerville, MA (Middlesex County, zip code 02144) presents a prime development opportunity. Located at 371 Highland Ave, near Davis Square, this permit-ready project allows for the construction of a 23-unit residential building with 13 below-grade parking spaces, totaling 30,050 gross square feet. The property's convenient location offers easy access to Davis Station, a vibrant array of restaurants and shops, making it highly attractive to potential residents. This development presents a unique chance to build and sell individual condo units or establish a high-value rental property. The property is being offered as-is. All offers are due April 27th, 2023, at 12:00 PM. The seller reserves the right to accept or reject any offer. Due diligence materials are available upon request. Asking price is $5,500,000.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,356 SF
Lot
0.19 ac (8,127 SF)
Zoning code
CBD
APN
SOME M:24 B:F L:5
UPID
US38-0032040
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
by Request
Owner & transaction history
Yanni Auto LLC · 16 yrs held
Yanni Auto LLC
since 2009
7 recorded transactions
Zoning & alternative use
CBD · 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
—
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
$19,611
Tax year 2024
Assessed value
$1,077,500
Assessed 2024
Previous assessed
$1,073,600
+0.4% YoY
Effective rate
1.82%
On assessed value
Assessed land
$938,000
Assessed improvement
$139,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
1,356 SF
Lot
0.19 ac (8,127 SF)
Zoning code
CBD
APN
SOME M:24 B:F L:5
UPID
US38-0032040
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Somerville, MA
Zoning CBD · permitted uses
CBD · 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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Yanni Auto LLC
Entity
Mailing address
371 HIGHLAND AVE, SOMERVILLE, MA 02144-2518
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2009
$700,000
Yanni Auto LLC
Jlascala Re LLC
Grant Deed
$550,000 · Bank Of Canton
Nov 15, 2006
$650,000
Jlascala Re LLC
Fred Hubbards Gulf INC
Grant Deed
$525,000 · John P Buccelli
Nov 15, 2006
—
Jlascala Re LLC
—
Grant Deed
related
$100,000 · Fred Hubbard Gulf INC
Nov 8, 2005
$1
Fred Hubbards INC
Hubbard,andrew
Grant Deed
related
—
Nov 21, 1996
—
Frederick Hubbard
—
Deed Of Trust
related
$70,000 · Zuckerman Family Nomi
Jun 28, 1993
—
Fred Hubbard
—
Deed Of Trust
related
$48,610 · Zwi Kohorn
Jun 29, 1992
—
Frederick Hubbard
—
Deed Of Trust
related
$45,000 · Somerset Savings Bank
Oct 28, 1987
—
Frederick Hubbard
—
Deed Of Trust
related
$182,400 · E Cambridge Savings Bank
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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