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 $813,759 $1,321,045 $1,346,860
Median sold price $89,222 $384,604 $1,000,054
Number of sales 4,981,616 48,149 880
Number of sales over $250k 1,619,046 30,850 611
Number of sales over $1m 417,652 7,740 448
Number of sales over $10m 62,279 810 15
Average total tax amount $5,226 $12,091 $14,552
Average assessed value $242,648 $815,889 $1,344,450
Average market value $326,588 $815,929 $1,344,450

Somerville commercial real estate property averages

Property averages United States Massachusetts Somerville
Average lot size 893,112 sf 107,189 sf 5,594 sf
Median lot size 28,797 sf 8,626 sf 3,720 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 147,043,663 738,573 9,732
Aggregate lot acerage 793,938,976 1,116,281 950
Aggregate building area -- -- --
Aggregate units 92,627,011 1,250,442 22,482

Somerville commercial real estate industrial mortgages

Debt United States Massachusetts Somerville
Number of mortgages 40,819,558 1,486,394 37,144
Average value of mortgages $6,544,963 $1,160,557 $593,288

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