Property profile

450 Artisan Way Somerville, MA 02145

OFF-MARKET
Office buildings
Property ID
US38-2162848
142,550 SF 1.55 ac lot Built 2013
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A Class A office building constructed in 2013 containing 9,063 square feet, with LEED Gold certification. The property provides Mystic River waterfront views and includes a green terrace accessible off the second floor. On-site amenities include indoor bicycle storage and shower/changing rooms. The building is powered using renewable energy sources through a “Green Power” program. The site is situated in an established neighborhood and is connected to a 6-acre riverfront park, with proximity to retail, dining, and fitness offerings. Transportation access includes a dedicated MBTA station, seven-minute access to downtown Boston, and convenient access to I-93, with ample parking on-site.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2013
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 142,550 SF
Lot 1.55 ac (67,696 SF)
APN SOME M:85 B:A L:21
UPID US38-2162848

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Security Service
  • Postal Service Courier Service

Location

450 Artisan Way Somerville, MA 02145-1261
Somerville metro Census 350106 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$37.62M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $48.9M +56.7%
Restaurant $41.4M +32.6%
Auto repair, garage $40.1M +28.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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