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Property profile & analytics
FOR SALE
Retail space
70 Beacon St Somerville, MA 02143
Entity Owned
Free & Clear
Property ID
US38-1765481
For Sale
1 / 5
$3,000,000
70 Beacon St, Somerville, MA 02143
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents two retail units in the vibrant Inman Square neighborhood of Somerville, MA. Located on Beacon Street, the property boasts excellent visibility and frontage, benefiting from high foot traffic and proximity to major amenities. The 0.17-acre site includes two distinct units: Unit #70, a 2,020 square foot bar/restaurant currently leased at $53.47 per square foot, triple net (NNN), covering 55% of building expenses
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,820 SF
Lot
0.17 ac (7,450 SF)
Zoning code
RC
APN
SOME M:66 B:D L:5
UPID
US38-1765481
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
-
Thirsty Scholar Pub Restaurant
-
Huron Veterinary Hospital Veterinary Clinic
-
Tall Order Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.73M
Owner & transaction history
Meroad INC
Meroad INC
since 2026
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
RC · Somerville, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+76.2%
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
$2,945,000
ML approach
$2,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,815,000
Change: +76% · Conversion: Easy
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±10% · vs last sale $2.59M (Sep 24 2021)
Last sale anchor
$2.59M
Sep 24 2021
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
$713 / 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
$24,808
Tax year 2024
Assessed value
$1,363,100
Assessed 2024
Previous assessed
$1,363,100
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$669,800
Assessed improvement
$693,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
3,820 SF
Lot
0.17 ac (7,450 SF)
Zoning code
RC
APN
SOME M:66 B:D L:5
UPID
US38-1765481
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RC · Somerville, MA
Zoning RC · permitted uses
RC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.8M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Meroad INC
Entity
Free & Clear · 0 yrs held
Mailing address
320 WASHINGTON ST3FF, BROOKLINE, MA 02445-6873
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
$2,755,000
Meroad INC
We Close The Deal LLC
Quitclaim Deed
—
Sep 24, 2021
$2,590,000
We Close The Deal LLC
Gerard Brennan
Quit Claim Arm's Length For Ne States
$1,950,000 · Quincy Credit Union
Jun 25, 2021
—
Gerard Brennan
70 Beacon Company LLC
Quit Claim Deed
related
—
Mar 18, 2009
—
70 Beacon Co LLC
—
Deed Of Trust
related
$900,000 · Ben Franklin Savings Bank
Mar 30, 2006
$1,188,000
70 Beacon Co LLC
Bahceli,yashar
Grant Deed
$891,000 · Hingham Institute For Savings
Dec 17, 1996
$300,000
Yashar Bahceli
T&j RT
Grant Deed
$225,000 · Medford Savings Bank
Jun 5, 1992
—
T RT
—
Deed Of Trust
related
$200,000 · Somerset Savings Bank
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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