Property profile

580 Broadway Somerville, MA 02145

OFF-MARKET
Retail space
Property ID
US38-0986842
2,508 SF 0.24 ac lot Built 1985
Entity Owned 29-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,508 SF
Lot 0.24 ac (10,549 SF)
Zoning code NB
APN SOME M:27 B:D L:3
UPID US38-0986842

Cap rate & NOI

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

Location

580 Broadway Somerville, MA 02145
Somerville metro Census 350300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 1997
2 recorded transactions
1997
$300,000
1991
Price N/A

Zoning & alternative use

NB · Somerville, MA

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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