Property profile

822 Somerville Ave Cambridge, MA 02140

OFF-MARKET
Retail space
Property ID
US38-1933923
58,062 SF 1.16 ac lot Built 1988
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction STEEL FRAME
Total area 58,062 SF
Lot 1.16 ac (50,645 SF)
Zoning code BC
APN CAMB M:00152 L:00025
UPID US38-1933923

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Department Store
  • Restaurant
  • Bank Loan Service
  • Grocery & Convenience Store Food Market
  • Financial Advisor

Location

822 Somerville Ave Cambridge, MA 02140
Cambridge metro Census 354700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$20.10M
CAP Approach CAP
$17.54M
Comparable Approach Comparable
by Request
Blend (final) Blend
$20.10M

Owner & transaction history

since 2024
Last sale
$20.1M
4 recorded transactions
2024
$20.1M
2014
$35.6M
1997
$8.0M
1991
$7.5M

Zoning & alternative use

BC · Cambridge, MA
Zoning description

The purpose of the BC district is to promote general business, professional offices, multifamily dwellings

General category COMMERCIAL
Top alternative use upside
Office building $31.5M +101.2%
Commercial (general) $25.8M +64.8%
Restaurant $16.9M +7.7%

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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