Mixed-Use Property with Fenced
261 Pleasant St, Watertown, MA 02472
For Sale
New
$895,000
The commercial-zoned parcel combines a single-family residence with space used as a contractor yard.
Property Size1,930 SF
Days on Market5
Property Features for 261 Pleasant St
General Information
Standard status
Size
Lease Term
Building Details
Building Size
Year Built
Listing Agency:
W. J. Nealon Commercial Realty, Inc.
(617) 926-1110
Listed By:
John Nealon · License #MA 135760-RE-B
(617) 835-5552
Source:
Iverty
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 6 at 5:09AM
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 W. J. Nealon Commercial Realty, Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property occupies 0.33 acres of commercially zoned land and includes a single-family house built in 1930. The site also serves as a contractor yard, with a flat, enclosed area behind the residence.
Located at 261 Pleasant Street in Watertown, Massachusetts, the property brings together residential and contractor-yard uses on one parcel.
Located at 261 Pleasant Street in Watertown, Massachusetts, the property brings together residential and contractor-yard uses on one parcel.
Key Highlights
- 0.33 acres of commercially zoned land
- Single‑family house built in 1930
- Contractor yard on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,845
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,900
$636.9K
Cap Rate 7%
$454,929
$454.9K
Cap Rate 9%
$353,833
$353.8K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$57.9K $30.00/SF
− Vacancy
−$6.9K −$3.60/SF
EGI
$51.0K $26.40/SF
− OpEx
−$19.1K −$9.90/SF
NOI
$31.8K $16.50/SF
Area
Middlesex County, MA
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,900
Cap Rate 7%
$454,929
Cap Rate 9%
$353,833
Alternative Uses
Best Use
Mixed Use
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$999.7K – $1.33M
NOI $79,979 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
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Business Placement
Demographics for 02472, MA
35,392
Population
17,069
Households
2.1
Avg Household Size
39
Median Age
67%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
8,848
Density / Sq Mi
$123,383
Median Household Income
$77,537
Median Earnings
$2,356
Median Rent
$737,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Middlesex County, MA
Properties on Market for Mixed-use properties in Middlesex County
Frequently Asked Questions
What type of property is this?
Mixed-use property - The commercial-zoned parcel combines a single-family residence with space used as a contractor yard.
Where is this mixed-use property located?
The property is located at 261 Pleasant St Watertown, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 0.33 acres of commercially zoned land; Single‑family house built in 1930; Contractor yard on the property
