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Property profile & analytics
OFF-MARKET
Estimated value
$13,060,000
Commercial real estate
375 Canal St HTL Somerville, MA 02145-4338
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-2198868
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2015
Construction
FRAME
Total area
98,728 SF
Lot
0.55 ac (23,886 SF)
APN
SOME M:85 B:A L:12 U:HTL
UPID
US38-2198868
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
-
Vincent Redor Consultant
-
Alloy Condominium / AR5A Primary Condominium Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.06M
Owner & transaction history
Warrick Ft · 3 yrs held
Warrick Ft
since 2022
7 recorded transactions
Zoning & alternative use
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
$132 / 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
$527,798
Tax year 2024
Assessed value
$28,999,900
Assessed 2024
Previous assessed
$28,999,900
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed improvement
$28,999,900
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
13
Units
160
Rooms
259
Total area
98,728 SF
Lot
0.55 ac (23,886 SF)
APN
SOME M:85 B:A L:12 U:HTL
UPID
US38-2198868
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
13
Buildings
1
Units
160
Rooms
259
Lot
0.55 ac
Current owner
From public records · entity-resolved
Warrick Ft
Individual
Free & Clear · 3 yrs held
Mailing address
909 ROSE AVE STE #200, NORTH BETHESDA, MD 20852-8724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2022
—
Warrick Ft
James Warrick
Condominium Deed
—
Sep 27, 2022
—
Eric N Lam
Eric N Lam
Condominium Deed
—
Jul 26, 2022
$1,295,000
Eric N Lam
Fadia Alzain
Quit Claim Arm's Length For Ne States
$1,036,000 · Washington Trust Mortgage Co
Jul 12, 2022
$680,000
Cristina Muise
Matthew E Cameron
Quit Claim Arm's Length For Ne States
—
May 27, 2022
$181,894
Prayush Pokharel
Nichols Marjorie Est
Condominium Deed
$176,400 · Winter Hill Fsb
May 2, 2022
$855,000
Ronald B Estanislao
Maryanne M Mattson
Condominium Deed
$684,000 · Washington Trust Mortgage Co
Apr 6, 2022
—
R Stuart Troupe 2022 Ret
Ralph Troupe
Condominium Deed
—
Aug 12, 2021
$715,000
Fan Bowen
Fiorentino RT
Condominium Deed
$350,000 · Winter Hill Fsb
Aug 12, 2021
$1,070,000
John Lucas
Yumi Ret
Quit Claim Arm's Length For Ne States
$856,000 · Winter Hill Fsb
Jul 21, 2021
—
Sonia Kapoor Lt
Mohender Maan
Quit Claim Deed
related
—
Jun 1, 2021
$1,250,000
Riaz H Khimani
Eskiocak Ugur
Quit Claim Arm's Length For Ne States
$749,000 · United Nations FCU
May 27, 2021
$1,100,000
Lilac Ret
Eric Zhao
Condominium Deed
—
May 3, 2021
$825,000
Lee Howon
Mohammad E Mobasherat Ft
Condominium Deed
$660,000 · Cambridge Savings Bank
Apr 30, 2021
—
Michelle Wu Lt
Calvin Wu
Quit Claim Deed
related
—
Mar 29, 2021
$775,000
Aditya Bulusu
Douglas S Beaudet
Condominium Deed
$581,250 · Citizens Bank
Aug 9, 2018
$37,293,624
Assembly Row Hotel LLC
Street Retail INC
Quit Claim Deed
—
Apr 25, 2018
$947,600
Wenjie Yang
Assembly Row Condomini
Deed
$455,000 · Patriot Community Bank
Apr 23, 2018
$1,069,800
Vicky Cai
Assembly Row Condo
Condominium Deed
$695,000 · Hsbc
Mar 12, 2018
—
Assembly Row Condo
Street Retail INC
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.
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