Commercial Real Estate in Somerville | Reonomy

Commercial Real Estate in Somerville

Unlock property data on 1,730 commercial properties in Somerville. Search through Somerville property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Somerville commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Somerville commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Alabama Somerville
Average price/sqft -- -- --
Average sold price $716,566 $446,258 $182,114
Median sold price $116,014 $93,777 $60,000
Number of sales 4,836,629 64,868 133
Number of sales over $250k 1,663,908 17,204 23
Number of sales over $1m 353,015 3,444 6
Number of sales over $10m 48,883 331 --
Average total tax amount $5,977 $1,537 $474
Average assessed value $232,587 $32,264 $13,109
Average market value $312,081 $183,078 $92,159

Somerville commercial real estate property averages

Property averages United States Alabama Somerville
Average lot size 825,307 sf 2,311,200 sf 695,578 sf
Median lot size 24,709 sf 43,560 sf 217,800 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1972 1988 1998
Average number of units 24 35 2
Median number of units 2 5 2

Somerville commercial real estate total supply

Supply United States Alabama Somerville
Number of parcels 204,881,895 1,122,649 1,737
Aggregate lot acerage 837,446,945 18,097,016 10,586
Aggregate building area -- -- --
Aggregate units 141,965,361 703,158 2

Somerville commercial real estate industrial mortgages

Debt United States Alabama Somerville
Number of mortgages 44,335,641 205,235 272
Average value of mortgages $5,487,146 $4,311,443 $160,482

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