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    Property profile & analytics

    48 Commercial St Medford, MA 02155-4924

    • Commercial land
    • 29,962 SF
    • 1.53 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1579625
    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

    • Colonial Nissan Drop Yard / Automobile Storage Facility
    • Sweetleaf Boston Dispensary / Farm Shop

    Property Details for 48 Commercial St

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.53 lot acres
    Property size
    29,962 SF
    Property type
    Commercial land
    APN
    MEDF M:R-14A B:0005
    APU
    MEDFMR14AB0005

    Description

    This exceptional 1.5-acre commercial land parcel, located at 48 Commercial Street in Medford, Massachusetts, presents a unique opportunity for businesses seeking a convenient and functional laydown or staging area. Situated in Middlesex County (zip code 02155), the property boasts 65,000 square feet of flat, paved land, providing ample space for equipment storage, material staging, or construction activities. The site features convenient curb access, ensuring easy loading and unloading for trucks and delivery vehicles. Existing electrical service is already in place, simplifying the setup process for any operation. Its strategic location offers close proximity to Downtown Medford, providing excellent access to major transportation routes and the broader Metro Boston area. The property is zoned for Commercial Industrial use, making it suitable for a wide range of commercial and industrial applications. This prime location and the property's features make it an ideal solution for contractors, developers, or businesses requiring a secure and accessible outdoor storage or staging area within a thriving commercial hub. The single-tenant occupancy allows for complete control and customization of the space. This is a rare opportunity to acquire a well-situated, ready-to-use commercial land parcel in a highly desirable location.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0877
    Latitude
    42.4088
    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
    2024
    $25,501
    $1,553,100
    $900
    $1,554,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      VACANT COMMERCIAL LAND • 0.13 Acres
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    • Value Estimation by Request
      0.16 Acres

      Mystic Ave

      VACANT COMMERCIAL LAND • 0.16 Acres
      Mystic Ave, Medford, MA 02155
      View Details

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    48 Commercial St
    Medford, MA 02155-4924
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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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