1-586 Pleasant St, Watertown, MA 02472
Well-maintained commercial condo with a garage on the first level and an office suite above.
- Added:
- Apr 2, 2026
- Days on Market:
- 77
- Last Refresh:
- Jun 16 at 1:57 am
Property Features for 1-586 Pleasant St
General Information
- Standard status
- Active
- Size
- 3,529 SF
Listing agent Dimitri Petrosian (617) 438-6682
Listing office Elevated Realty, LLC (617) 438-6682
Listing date Apr 2, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Elevated Realty, LLC
HighLights
- Well‑maintained 3,529 SF commercial condominium with a flexible two‑level layout.
- First‑floor 1,722 SF garage with 400‑amp electrical service for commercial, trade, or light industrial uses.
- Second‑floor 1,807 SF office suite with two bathrooms, kitchenette, and a shower.
- Includes four deeded parking spaces, with additional parking available for rent.
Overview
The unit includes four deeded parking spaces, with additional parking available for rent. As part of a condominium structure, the configuration can suit owner-users who want both operating space and dedicated office accommodations in one ownership.
For buyers seeking functionality in a single asset, this property provides a clear separation between work and office areas, supported by substantial electrical service on the garage level. The second-floor office improvements, including two bathrooms and a kitchenette, support everyday operational needs without requiring off-site facilities. With its two-level flex design and controlled parking, it can be a workable fit for owner-users or investors evaluating a property that can serve multiple operational workflows within the same condominium unit.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.4k | $54.24 |
| − Vacancy | −$42.1k | −$11.93 |
| EGI | $149.3k | $42.31 |
| − OpEx | −$37.3k | −$10.58 |
| NOI | $112.0k | $31.73 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Culinary Inspirations — Watertown, MA 02472
- Elisa's Catering — 223 Adams St, Newton, MA 02458
- The Kiddush Specialist — 223 Adams St, Newton, MA 02458
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.18534
- Latitude
- 42.365857
