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    Property profile & analytics

    449 Canal St Somerville, MA 02145-4347

    • Investment properties
    • 387,800 SF
    • 3.12 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-2209393
    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.

    Current Use by Public Records

    • Electrify America Charging Station / Electric Vehicle Charging Station
    • Montaje Apartments / Apartment Rental Agency / Apartment Complex
    • Studio Shangri-La / Design Agency / Art Studio
    • Electrify America Charging Station Assembly Row / Electric Vehicle Charging Station

    Property Details for 449 Canal St

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.12 lot acres
    Property size
    387,800 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SOME M:85 B:A L:13
    APU
    SOMEM85BAL13

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0782
    Latitude
    42.3939
    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
    2016
    $126,371
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      7 George St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      7 George St, Somerville, MA 02145-3467
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      53 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,453 SF
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    • Value Estimation by Request
      3,010 SF

      396 Medford St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,010 SF
      396 Medford St, Somerville, MA 02145-3820
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    • Value Estimation by Request
      3,628 SF

      94 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,628 SF
      94 Broadway, Somerville, MA 02145-3233
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      192 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 5,549 SF
      192 Broadway, Somerville, MA 02145-3130
      View Details
    • Value Estimation by Request
      34,369 SF

      400 Mystic Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 34,369 SF
      400 Mystic Ave, Somerville, MA 02145-1988
      View Details

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      Prime Magoun Square Commercial Space

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    Similar Nearby for Lease

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      Second-floor office space with reception, offices, kitchen, and parking.
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      6,000 SF

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      6,000 SF retail space available for rent on Broadway.
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      High-visibility retail or restaurant space near Assembly Row.
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    449 Canal St
    Somerville, MA 02145-4347
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    Realmo Value Estimation

    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.

    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.

    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
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