Financial
Distress signals
Property profile

599 Somerville Ave Somerville, MA 02143

OFF-MARKET
Showrooms
Property ID
US38-1308590
40,766 SF 0.47 ac lot Built 2023
Last sale Jan 2020 · $5,680,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

599 Somerville Avenue is a three-story commercial building containing approximately 20,588 square feet of space. The property is located in Somerville and is situated in an area characterized by a concentration of innovation-related industries and professional services. Its setting includes access to nearby neighborhood amenities and transit options.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$201k
Tax billed · 2024
Assessed value$11.05M
Assessed land$6.42M
Assessed improvement$4.63M
Effective rate1.82%

Value estimate

· Sep 2026
$5.60M
$5.04M – $6.15M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$475/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$237 – $754
Qualifying comparables7

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

What can be built here?
BA
JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm40.5
Nail Salon29.3
Food Market15.7

Location

599 Somerville Ave Somerville, MA 02143-3223
County assessor Recorded deeds · 7 transfers 7 qualifying comp sales Zoning catalog

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
25 Washington, Somerville, MA 02143-4403 $1,450,000 Oct 2024 4,920 SF
101 Ss, Somerville, MA 02143-4267 $478,270,876 Jan 2022 288,959 SF
35 Medford, Somerville, MA 02143-4242 $35,500,000 Aug 2021 59,940 SF
561 Windsor, Somerville, MA 02143-4131 $40,000,000 May 2021 94,435 SF
495 Columbia, Somerville, MA 02143-4166 $7,427,364 Sep 2020 336,002 SF
374 Somerville, Somerville, MA 02143-2919 $3,000,000 Nov 2018 6,232 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
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