Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

403 Highland Ave 204 Somerville, MA 02144

FOR LEASE
Banks
Property ID
US38-0655745
14,070 SF 0.33 ac lot Built 1900
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Office Units 204/206 are located on the second floor of 403 Highland Ave and include a combination of an open work area, a storage closet, three private offices, and a conference room (Room 205) accessible across the hall. The suite has a shared area with cabinetry, counter space, and a small refrigerator, and provides natural light via windows throughout. The space is designed to allow subdivision, and utility service is separately metered. The offices can be reached via a stairway from street…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$74k
Tax billed · 2024
Assessed value$4.06M
Assessed land$1.85M
Assessed improvement$2.22M
Effective rate1.82%

Value estimate

· Nov 2026
$130k
$117k – $143k
AI approach$130k
NOI build-up
Gross scheduled income$128k
Vacancy & credit loss−$28k
Operating expenses−$25k
NOI · 1,271.37% cap applied$75k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$516/SF
County average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$274 – $809

Cap rate analysis

How does the asset earn?
1,271.37%
$75k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm40.3
Nail Salon25.9
Wholesale Shop22.4

Location

403 Highland Ave, Unit 204 Somerville, MA 02144
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 18 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
158 Boston, Somerville, MA 02144-2227 $770,000 Jun 2021 3,313 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved