Commercial Real Estate in Somerville | Reonomy

Commercial Real Estate in Somerville

Unlock property data on 9,732 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 Massachusetts Somerville
Average price/sqft -- -- --
Average sold price $767,291 $1,284,280 $1,306,483
Median sold price $88,200 $371,324 $976,000
Number of sales 4,826,142 46,127 904
Number of sales over $250k 1,544,858 29,031 620
Number of sales over $1m 397,601 7,211 437
Number of sales over $10m 58,743 737 16
Average total tax amount $5,395 $12,619 $14,515
Average assessed value $235,964 $835,630 $1,344,927
Average market value $321,613 $835,671 $1,344,927

Somerville commercial real estate property averages

Property averages United States Massachusetts Somerville
Average lot size 889,211 sf 107,185 sf 5,597 sf
Median lot size 28,598 sf 8,586 sf 3,655 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1972 1916 1900
Average number of units 18 4 3
Median number of units 2 2 2

Somerville commercial real estate total supply

Supply United States Massachusetts Somerville
Number of parcels 140,082,296 738,280 9,732
Aggregate lot acerage 784,164,730 1,112,408 948
Aggregate building area -- -- --
Aggregate units 99,105,763 1,290,205 22,918

Somerville commercial real estate industrial mortgages

Debt United States Massachusetts Somerville
Number of mortgages 42,096,806 1,756,731 47,122
Average value of mortgages $6,223,903 $1,088,042 $626,619

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