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Property profile & analytics
OFF-MARKET
Estimated value
$13,995,000
Showrooms
40 Holland St Somerville, MA 02144-2705
Individually Owned
11-yr Hold
Free & Clear
Property ID
US38-1627327
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
107,083 SF
Lot
0.77 ac (33,421 SF)
Zoning code
RB
APN
SOME M:17 B:D L:20
UPID
US38-1627327
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. Yung Lin, DMD Dental Office
-
Mudafort Anabelle M DDS Dental Office
-
Brangan John a DDS Dental Office
-
Atrius Health Somerville Medical Clinic
-
Atrius Health - Harvard Vanguard Somerville Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.00M
Owner & transaction history
Gahc 3 Somerville Ma Mob · 11 yrs held
Gahc 3 Somerville Ma Mob
since 2015
7 recorded transactions
Zoning & alternative use
RB · 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
$131 / 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
$755,764
Tax year 2024
Assessed value
$41,525,500
Assessed 2024
Previous assessed
$41,140,100
+0.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$9,576,500
Assessed improvement
$31,949,000
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
10
Total area
107,083 SF
Lot
0.77 ac (33,421 SF)
Zoning code
RB
APN
SOME M:17 B:D L:20
UPID
US38-1627327
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RB · Somerville, MAZoning RB · permitted uses
RB · Somerville, MA
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
10
Lot
0.77 ac
Current owner
From public records · entity-resolved
Gahc 3 Somerville Ma Mob
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 5651, BISMARCK, ND 58506-5651
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2025
—
Gahc3 Somerville Ma Mob
—
Deed
related
$30,000,000 · Lincoln National Life Insurance Co
Oct 16, 2019
—
3 Somerville Ma Mob Gahc
—
Grant Deed
related
$31,000,000 · Miscellaneous Ins Co
Feb 26, 2015
$50,500,000
Gahc 3 Somerville Ma Mob
Kadima Medical Properties
Quit Claim Deed
—
Mar 24, 2005
—
Kadima Medical Prop LLC
—
Deed Of Trust
related
$140,000,000 · Wachovia Bank NA
Apr 12, 2004
$25,250,000
Kadima Medical Prop LLC
Ahe Of Somerville INC
Grant Deed
$100,000,000 · Wachovia Bank NA
Sep 10, 1999
$24,805,000
Ahe Of Somerville INC
Davis Sq Ctr LLC
Grant Deed
—
Jul 14, 1999
$24,850,000
Ahe Of Somerville INC
Davis Sq Ctr LLC
Grant Deed
$15,300,000 · Lasalle Bank Fsb
Dec 23, 1997
—
Davis Sq Ctr LLC
—
Deed Of Trust
related
$15,300,000 · Heller Fncl INC
Nov 22, 1993
—
Newport Property Corp
—
Deed Of Trust
related
$1,800,000 · Fleet National Bank
Dec 4, 1987
$1,000,000
Newport Prop Corp
City Of Somerville
Grant Deed
$9,000,000 · Fleet National Bank
Dec 4, 1987
—
Newport Prop Corp
—
Deed Of Trust
related
$9,000,000 · Fleet National 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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