Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    75 Mystic Ave Somerville, MA 02145-1306
    Back to Search
    Property profile & analytics

    75 Mystic Ave Somerville, MA 02145-1306

    View on Map
    • Commercial real estate
    • 11.97 lot acres
    Off-Market
    Last Sale Jul 31, 2023
    $142,500,000
    Property ID
    US38-0879701
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Home Services at The Home Depot / Plumbing Service / General Contractor
    • Pro Desk at The Home Depot / Big Box & Wholesale Store / Building Supply
    • The Home Depot / Building Supply / Hardware & Home Improvement
    • Minute Key / Locksmith / (Bike/Boat/Book/etc) Store
    • Home Appliance Repair Somerville / Home Appliance Store

    Property Details for 75 Mystic Ave

    Lot size
    11.97 lot acres
    Zone code
    BPA
    Property type
    Commercial real estate
    APN
    SOME M:88 B:A L:4
    APU
    SOMEM88BAL4

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0795
    Latitude
    42.3896
    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
    2020
    $709,577
    $26,557,300
    $16,921,700
    $43,479,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $910,000
      6,160 SF

      22 Marshall St

      SHOW ROOM, WAREHOUSE • 6,160 SF
      22 Marshall St, Somerville, MA 02145-2903
      View Details
    • Value Estimation by Request
      4,489 SF

      Revolution Dr

      Retail properties & Spaces • 4,489 SF
      0 Revolution Dr, Somerville, MA 02145
      View Details
    • Value Estimation by Request
      3,653 SF

      3 Bonair St

      SHOW ROOM, WAREHOUSE • 3,653 SF
      3 Bonair St, Somerville, MA 02145-3103
      View Details
    • Value Estimation
      $3,525,000
      7,160 SF

      366 Broadway

      SHOW ROOM, WAREHOUSE • 7,160 SF
      366 Broadway, Somerville, MA 02145-2812
      View Details
    • Value Estimation
      $715,000
      1,630 SF

      9 Florence St

      SHOW ROOM, WAREHOUSE • 1,630 SF
      9 Florence St, Somerville, MA 02145-4306
      View Details
    • Value Estimation
      $1,195,000
      8,283 SF

      16 Moreland St

      SHOW ROOM, WAREHOUSE • 8,283 SF
      16 Moreland St, Somerville, MA 02145-1423
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Somerville Development Opportunity: Two Parcels

      Two parcels in Somerville, including a two-family and a vacant lot.
      34 Franklin Ave, Somerville, MA 02145
      View Details
    • Contact for pricing
      3,111 SF

      Remodeled Three-Family Near Green Line

      Updated three-family near Gilman Sq Green Line T station.
      39 Bradley St, Somerville, MA 02145
      View Details
    • Contact for pricing

      East Somerville Multifamily Investment Opportunity

      Multifamily property in a desirable, accessible East Somerville location.
      20 Autumn St, Somerville, MA 02145
      View Details
    • Contact for pricing

      Winter Hill Triplex Investment Opportunity

      Somerville triplex with leases through May 2027, parking, great location.
      33-35 Sewall St, Somerville, MA 02145
      View Details
    • Contact for pricing
      1,952 SF

      Somerville Two-Family Home Near Green

      Two-family home near Magoun Square and the new Green Line.
      232 Pearl Street Pl, Somerville, MA 02145
      View Details
    • $1,199,999
      2,992 SF

      Two-Family Home with Loft in Somerville

      Two-family home with versatile loft near Magoun Square.
      32 Richardson St, Somerville, MA 02145
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Winter Hill Commercial Space Available

      Prime commercial space in active Somerville corridor, ready for occupancy.
      497 Broadway, Somerville, MA 02145
      View Details
    • Contact for pricing
      2,600 SF

      Assembly Square Restaurant Opportunity

      Restaurant space available in thriving Assembly Square neighborhood in 2024.
      74 Middlesex Ave, Somerville, MA 02145
      View Details
    • Contact for pricing
      34,072 SF

      Somerville Retail/Restaurant Opportunity

      High-visibility retail or restaurant space near Assembly Row.
      65 Mystic Ave, Somerville, MA 02145
      View Details
    • $5,000 /Mo

      Winter Hill Office Space Available

      Second-floor office space with parking, heat, and hot water included.
      324 Broadway, Somerville, MA 02145
      View Details
    • Contact for pricing
      30,590 SF

      Class A Office Space Available

      126,000 SF office space for lease in Somerville, MA.
      455 Grand Union Blvd, Somerville, MA 02145
      View Details
    • Contact for pricing

      Somerville Commercial Space Available

      Commercial space for rent in Somerville, Massachusetts.
      5 Glen St, Somerville, MA 02145
      View Details

    Property Visit Statistics

    • Visits by month
      104.4k
    • Visitors by month
      65.8k
    • Avg Time on site
      25 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    75 Mystic Ave
    Somerville, MA 02145-1306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    75 Mystic Ave, Somerville, MA, 02145
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!