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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Auto shops
453 Somerville Ave, Somerville, MA 02143-3244
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-2196493
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,300 SF
Lot
0.11 ac (4,912 SF)
Zoning code
BA
APN
SOME M:52 B:E L:14
UPID
US38-2196493
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Starlab Studios High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
453 Somerville Nt LLC · 2 yrs held
453 Somerville Nt LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
BA · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Jun 20 2024)
Last sale anchor
$1.80M
Jun 20 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,385 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,087
Tax year 2024
Assessed value
$609,200
Assessed 2024
Previous assessed
$606,200
+0.5% YoY
Effective rate
1.82%
On assessed value
Assessed land
$542,200
Assessed improvement
$67,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
1,300 SF
Lot
0.11 ac (4,912 SF)
Zoning code
BA
APN
SOME M:52 B:E L:14
UPID
US38-2196493
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA · Somerville, MA
Zoning BA · permitted uses
BA · Somerville, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
453 Somerville Nt LLC
Entity
Mailing address
101 PO BOX 15303RD RDSTE20, BOSTON, MA 02215-0006
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
$1,800,000
453 Somerville Nt LLC
Jack Saade
Deed
$4,410,000 · Crowd Lending Fund
Jan 30, 2023
—
Jack Saade
Somerville City Of
Redemption Deed
related
—
Dec 22, 2022
—
Jack Saade
—
Deed
related
$800,000 · County Mortgage LLC
Oct 3, 2018
—
Jack Saade
—
Deed
related
—
Jul 7, 2015
$350,000
Jack Saade
Samylee LLC
Quit Claim Deed
$400,000 · Panfilo Rozzi
Nov 16, 2011
$175,000
Samylee LLC
Soares,manuel A
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jun 13, 2006
$325,000
Manuel A Soares
453 Somerville Avenue T
Grant Deed
$227,500 · Interbay Funding LLC
Aug 29, 2000
$150,000
Somerville Ave T 453
Saint Michael RT
Grant Deed
$150,000 · Zenon Grzybowski
Apr 10, 1987
$120,000
RT St. Michael
Oliveira,carlos A
Grant Deed
$63,100 · E Cambridge Savings Bank
—
—
Jack Saade
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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