Commercial Real Estate in Somerville | Reonomy

Commercial Real Estate in Somerville

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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 $773,048 $1,301,913 $1,306,725
Median sold price $91,625 $375,079 $985,206
Number of sales 4,856,348 46,588 931
Number of sales over $250k 1,579,008 29,435 641
Number of sales over $1m 400,405 7,329 458
Number of sales over $10m 58,779 768 16
Average total tax amount $4,975 $12,398 $14,627
Average assessed value $232,001 $830,621 $1,351,690
Average market value $316,247 $830,662 $1,351,690

Somerville commercial real estate property averages

Property averages United States Massachusetts Somerville
Average lot size 890,104 sf 107,118 sf 5,595 sf
Median lot size 28,529 sf 8,587 sf 3,604 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1971 1916 1900
Average number of units 17 4 3
Median number of units 2 2 2

Somerville commercial real estate total supply

Supply United States Massachusetts Somerville
Number of parcels 142,696,132 738,280 9,732
Aggregate lot acerage 786,861,826 1,113,116 949
Aggregate building area -- -- --
Aggregate units 93,801,487 1,254,642 22,478

Somerville commercial real estate industrial mortgages

Debt United States Massachusetts Somerville
Number of mortgages 40,398,891 1,480,281 37,052
Average value of mortgages $6,478,678 $1,154,034 $593,340

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