Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    108 School St Watertown, MA 2472

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,575,000

    Free standing brick building near Arsenal Street and Arsenal Yards.

    Added:
    Jun 9, 2025
    Days on Market:
    315
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 108 School St

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Ari Koufos

    Listing agent Ari Koufos

    Listing office Realty Executives

    Listing date Jun 9, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives

    Overview

    Free Standing Brick Office Building

    This free standing brick building presents an opportunity for a mid-size contractor, lawyer, insurance company, or investor seeking a long-term investment. The property is located near Arsenal Street and the Arsenal Yards. The main floor, currently configured as potentially three separate offices, can be utilized as one large space. The building includes three renovated bathrooms and newer A/C. There are over 10 off-street parking spaces, along with a bonus two-car garage. The lower level, with over 2000 sq ft of space, is currently rented to a contractor for storage, offering various possibilities for use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Winters Home Services Plumbing Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1661
    Latitude
    42.3663

    Nearby Similar for Sale

    • $1,275,000
      3,047 SF

      Prime Watertown Retail Building For Sale

      Free-standing corner retail building with high visibility in Watertown.
      475 Main St, Watertown, MA 02472
      View Details
    • $1,575,000
      2,000 SF

      Free Standing Brick Office Building

      Free standing brick building near Arsenal Street and Arsenal Yards.
      108 School St, Watertown, MA 02472
      View Details
    • Contact for pricing
      6,400 SF

      Watertown Retail Redevelopment Opportunity

      6,400 SF free-standing building for re-use or redevelopment.
      1084 Belmont Street, Watertown, MA 02472
      View Details
    • $649,000

      Vacant Restaurant with Full Kitchen

      Free-standing restaurant with equipment near Watertown Mall for sale.
      71-73 Elm St, Watertown, MA 02472
      View Details
    • $999,000
      2,236 SF

      Watertown Two-Family Home Near Amenities

      Two-unit property near Watertown Center and Arsenal Yards.
      109 Lexington Street, Watertown, MA 02472
      View Details
    • $2,589,000
      5,398 SF

      Watertown Four-Family Near Charles River

      Renovated four-family in Watertown near amenities and transportation.
      67-69 Palfrey Street, Watertown, MA 02472
      View Details
    • $1,014,900
      2,160 SF

      Watertown Two-Family Commuter Dream

      Two-family property near Watertown Square with modern amenities.
      14-16 North Beacon Court, Watertown, MA 02472
      View Details
    • $1,500,000
      1,685 SF

      Watertown Auto Shop on Corner

      Auto repair shop on corner lot, suitable for redevelopment.
      250 Orchard, Watertown, MA 02472
      View Details
    • $2,450,000
      8,315 SF

      Renovated Watertown Flex/Warehouse Space

      8,315 SF renovated flex/warehouse with modern office and functional warehouse.
      10 Munroe Ave, Watertown, MA
      View Details
    • $2,695,000
      4,000 SF

      Retail Building Near Watertown Square

      Retail building with three units, expansion potential, and ample parking.
      347-351 Main St, Watertown, MA 02472
      View Details
    • $199,500

      Established Convenience Store in Watertown

      Turnkey convenience store with high foot traffic in prime location.
      121 Galen St, Watertown, MA 02135
      View Details

    FAQs

    What type of property is this?
    Office building - Free standing brick building near Arsenal Street and Arsenal Yards.
    Where is this office building located?
    The property is located at 108 School St Watertown, MA.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: Free‑standing brick building near Arsenal Street and Arsenal Yards.; Main floor configurable as one large space or three separate offices.; Enjoy the convenience of 10+ off‑street parking spaces plus a 2‑car garage.
    We can help!
    Listing Contact
    Ari Koufos
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!