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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Data centers and call centers
70 Innerbelt Rd Somerville, MA 02143-4461
Entity Owned
19-yr Hold
Free & Clear
Property ID
US38-1378524
Property profile
Verified
Property type
Data centers and call centers
Use group
CABLE TV STATION
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
273,180 SF
Lot
6.53 ac (284,537 SF)
Zoning code
IA
APN
SOME M:116 B:A L:2
UPID
US38-1378524
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
-
Axcelx Technologies LLC Telecommunications Service Data Center
-
INAP / Internap Corporation POP Business To Business Service
-
Doctor's Office Medical Clinic
-
FirstLight Fiber IT Consulting Firm Tech Support Center
-
Colospace IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Crp 70 Inner Belt LLC · 19 yrs held
Crp 70 Inner Belt LLC
since 2007
5 recorded transactions
Zoning & alternative use
IA · 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
by Request
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$880k
Range $792k – $968k · ±10%
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
$3 / 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
$1,510,609
Tax year 2024
Assessed value
$83,000,500
Assessed 2024
Previous assessed
$84,620,600
-1.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$11,592,000
Assessed improvement
$71,408,500
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
Data centers and call centers
Use group
CABLE TV STATION
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Total area
273,180 SF
Lot
6.53 ac (284,537 SF)
Zoning code
IA
APN
SOME M:116 B:A L:2
UPID
US38-1378524
Jurisdiction
SOMERVILLE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IA · Somerville, MA
Zoning IA · permitted uses
IA · 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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Lot
6.53 ac
Current owner
From public records · entity-resolved
Crp 70 Inner Belt LLC
Entity
Free & Clear · 19 yrs held
Mailing address
100 OLIVER ST #1840, BOSTON, MA 02110
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2007
$32,250,000
Crp 70 Inner Belt LLC
Cp-hers Somerville Corp
Grant Deed
—
Aug 6, 2002
—
Filenes Basement INC
—
Deed Of Trust
related
$100,000,000 · Cereberus Partners LP
Nov 15, 2000
$33,250,000
Hers Somerville Cp
Cathartes/aew 70 Inner
Grant Deed
—
Nov 24, 1998
$480,000
Cathartes Aew 70 Inner
Somerville City Of
Grant Deed
—
Nov 26, 1997
$7,600,000
Cathartes/aew 70 Inner
Filenes Basement INC
Grant Deed
—
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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