Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    400 Somerville Ave Somerville, MA 02143-3215

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Somerville Ave Somerville, MA 02143-3215

    View on Map
    • Grocery and convenience stores
    • 46,795 SF
    • 3.31 lot acres
    Off-Market
    Property ID
    US38-0778317
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,405,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Market Basket / Grocery & Convenience Store / Food Market
    • Santander Bank ATM / Atm
    • Cardtronics ATM / Atm

    Property Details for 400 Somerville Ave

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.31 lot acres
    Property size
    46,795 SF
    Zone code
    IA
    Property type
    Grocery and convenience stores
    APN
    SOME M:64 B:A L:5
    APU
    SOMEM64BAL5

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1016
    Latitude
    42.381
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $135,315
    $4,407,800
    $3,027,100
    $7,434,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,670,000
      13,972 SF

      47 Beacon St

      GROCERY, SUPERMARKET • 13,972 SF
      47 Beacon St, Somerville, MA 02143-4323
      View Details
    • Value Estimation
      $3,565,000
      30,280 SF

      275 Beacon St

      GROCERY, SUPERMARKET • 30,280 SF
      275 Beacon St, Somerville, MA 02143-3533
      View Details
    • Value Estimation
      $4,985,000
      36,926 SF

      41 Innerbelt Rd

      SHOW ROOM, WAREHOUSE • 36,926 SF
      41 Innerbelt Rd, Somerville, MA 02143-4417
      View Details
    • Value Estimation
      $1,690,000
      12,107 SF

      352 Mcgrath Hwy

      SHOW ROOM, WAREHOUSE • 12,107 SF
      352 Mcgrath Hwy, Somerville, MA 02143-2116
      View Details
    • Value Estimation
      $925,000
      6,088 SF

      711 Somerville Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,088 SF
      711 Somerville Ave, Somerville, MA 02143-3695
      View Details
    • Value Estimation
      $2,100,000
      2,709 SF

      34 Allen St

      GYM, HEALTH SPA • 2,709 SF
      34 Allen St, Somerville, MA 02143-3408
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,715 SF

      New Retail Condo in Union Square

      New 1,715 SF retail condo in a mixed-use development.
      71 Bow St, Somerville, MA 02143
      View Details
    • $3,000,000

      Inman Square Retail Opportunity

      Rare retail opportunity in prime Somerville/Cambridge location.
      70 Beacon St, Somerville, MA 02143
      View Details
    • Contact for pricing
      1,715 SF

      New Retail Condo in Union Square

      New 1,715 SF retail condo in a mixed-use development.
      71 Bow St, Somerville, MA 02143
      View Details
    • $179,000

      Renovated Retail Space in Somerville

      Turnkey retail space in a high-demand Somerville location.
      70 Prospect St, Somerville, MA 02143
      View Details
    • Contact for pricing
      10,848 SF

      Somerville Retail Investment Opportunity

      Fully occupied, multi-tenant retail asset in high-visibility location.
      163-179 Washington St, Somerville, MA 02143
      View Details
    • Contact for pricing

      Somerville Retail Investment Opportunity

      Fully occupied retail asset in high-visibility Somerville location for sale.
      163-179 Washington St, Somerville, MA 02143
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,436 SF

      Retail Space in Union Square

      Retail space available in a revitalized Union Square area.
      10 Prospect St, Somerville, MA 02143
      View Details
    • Contact for pricing
      4,489 SF

      Somerville Retail Space For Rent

      Retail space available in dynamic mixed-use development near Assembly Row.
      290 Revolution Dr, Somerville, MA 02143
      View Details
    • Contact for pricing
      5,060 SF

      Somerville Cambridge Retail Space

      Retail space available on the Somerville Cambridge line.
      118-120 Beacon St, Somerville, MA 02143
      View Details
    • Contact for pricing

      Somerville Retail Space For Rent

      Retail space available for rent in Somerville, Massachusetts.
      300 Somerville Ave, Somerville, MA 02143
      View Details
    • Contact for pricing
      900 SF

      Retail Space on Highland Avenue

      Retail space for lease in Somerville's commercial district.
      201 Highland Ave, Somerville, MA 02143
      View Details
    • Contact for pricing
      1,400 SF

      New Retail Space in Somerville

      New retail and restaurant spaces in Union Square, Somerville.
      50 Prospect St, Somerville, MA 02143
      View Details

    Property Visit Statistics

    • Visits by month
      138.2k
    • Visitors by month
      73.3k
    • Avg Time on site
      39 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Somerville Ave
    Somerville, MA 02143-3215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    400 Somerville Ave, Somerville, MA, 02143

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!