Advertise

Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Open Dashboard
How to use Realmo Analytics Watch the walkthrough
Financial
Distress signals
Property profile

450 Artisan Way Somerville, MA 02145

FOR LEASE
Office buildings
Property ID
US38-2162848
142,550 SF 1.55 ac lot Built 2013
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon
450 Artisan Way, Somerville, MA 02145 For Lease
$37,620,000 9,063 SF available
450 Artisan Way, Somerville, MA 02145
View Listing

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…

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?
$756k
Tax billed · 2024
Assessed value$41.55M
Assessed land$4.14M
Assessed improvement$37.41M
Effective rate1.82%

Value estimate

· Oct 2026
$37.62M
$33.86M – $41.38M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$219/SF
County average, outlier-cleaned · 858 recorded sales of this use type
Observed band · Q1–Q3$122 – $352
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.4
Pawn Shop13.0
Accounting Firm11.9

Location

450 Artisan Way Somerville, MA 02145
County assessor Recorded deeds · not on file 4 qualifying comp sales Zoning catalog · not on file

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

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5 Middlesex, Somerville, MA 02145-1102 $15,000,000 Jan 2026 245,557 SF
20 Cummings, Somerville, MA 02145-1117 $960,000 Feb 2022 11,382 SF
424 Broadway, Somerville, MA 02145-2619 $460,000 Nov 2019 6,080 SF
130 Cross, Somerville, MA 02145-4119 $850,000 Jun 2019 1,757 SF
114 Broadway, Somerville, MA 02145-3234 $1,000,000 Dec 2018 2,697 SF
28 Cross, Somerville, MA 02145 $595,000 Oct 2018 2,343 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

Comparable nearby

  • Value Estimation
    $13,060,000
    245,557 SF
    5 Middlesex Ave
    OFFICE BUILDING
    5 Middlesex Ave, Somerville, MA 02145-1102
    View Details
  • Value Estimation by Request
    320,621 SF
    495 Grand Un Blvd
    OFFICE BUILDING
    495 Grand Un Blvd, Somerville, MA 02145-1446
    View Details
  • Value Estimation
    $915,000
    11,382 SF
    20 Cummings St
    OFFICE BUILDING
    20 Cummings St, Somerville, MA 02145-1117
    View Details
  • Value Estimation
    $2,080,000
    7,352 SF
    29 Mystic Ave
    OFFICE BUILDING
    29 Mystic Ave, Somerville, MA 02145-1302
    View Details
  • Value Estimation
    $1,870,000
    6,503 SF
    9th Sherman Ct
    OFFICE BUILDING
    9th Sherman Ct, Somerville, MA 02145-2900
    View Details
  • Value Estimation
    $1,735,000
    6,080 SF
    424 Broadway
    OFFICE BUILDING
    424 Broadway, Somerville, MA 02145-2619
    View Details

Similar in This City for Sale

  • New
    Contact for pricing
    26,000 SF
    Union Square Office Space Available
    Class B office building with private offices and roof deck.
    66 Union Square, Somerville, MA 02143
    View Details
  • New
    Contact for pricing
    7,000 SF
    Second-Floor Office Suite
    Expansive second-floor office with circular layout, multiple rooms, high ceilings, kitchenette, and two bathrooms.
    33 1/2 Union # 2, Somerville, MA 02143
    View Details
  • New
    $2,700,000
    4,628 SF
    Five-Unit Storefront Building
    Partially occupied commercial property with street-level retail or office space and MR4 zoning.
    1167 Broadway, Somerville, MA 02144
    View Details
  • New
    Contact for pricing
    3,387 SF
    Second-Floor Office Suites with Elevator
    Three second-floor office suites with elevator access and natural light, served by shared restrooms and a janitor’s closet.
    377 Summer St, Somerville, MA 02144
    View Details
  • Contact for pricing
    2,840 SF
    Office Unit
    The office space is in a building completed in 2020.
    1070 Broadway, Somerville, MA 02144
    View Details
  • New
    Contact for pricing
    2,500 SF
    Open-Concept Creative Studio Space
    Versatile open layout with high ceilings, large windows, private offices, and a kitchenette—set up for multiple business uses.
    31 Union Sq, Somerville, MA 02143
    View Details

Similar in This City for Lease

  • $1,900/Mo
    1,500 sqft
    Somerville Office Space For Rent
    Office space for rent near Davis Sq T station.
    202-1310 Broadway, Somerville, MA 02145
    View Details
  • $3,500/Mo
    Second-Floor Office Unit
    Office layout includes reception, five private rooms, a kitchen, bathroom, and abundant natural light.
    2-324 Broadway, Somerville, MA 02145
    View Details
  • New
    $3,500/Mo
    Winter Hill Office Space Available
    Second-floor office space with parking, heat, and hot water included.
    324 Broadway, Unit 2, Somerville, MA 02145
    View Details
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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.
Message sent successfully
Error
Email to Your Friends
Link copied to clipboard
Separate multiple addresses with a comma
Message sent successfully
Error
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
450 Artisan Way, Somerville, MA, 02145
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.
Why this one?
Saved
Reason not saved — we won't ask again
Google sign-in failed. Please try again or use another login method.
Sign Up Successful!
You now have access to more from Realmo!