Built-Out Office
For Sale
Contact for pricing
350 Pleasant St Unit K, Watertown, MA 02472
Third-floor professional suite with private offices, reception space, kitchenette, and abundant natural light.
Property Size1,150 SF
Price / SF$0.02
Days on Market57
Property Features for 350 Pleasant St Unit K
General Information
Standard status
Active
Size
1,150 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
3
Building Details
Year Built
2025
Listing Agency:
Chase Hathaway Residential
Listed By:
Tracy Johnson
(617) 595-2600
Source:
Lockandkeyre
Added: Sep 3
Changed: Oct 29
Last Checked: Oct 28 at 7:57AM
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 Chase Hathaway Residential
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 1,150 SF office suite occupies the third floor at WaterMills, a mixed-use development at 350 Pleasant Street. The layout includes eight private offices, an open reception or seating area, a kitchenette, and one private restroom. Glass-fronted interiors, exposed wood ceilings, contemporary flooring, and large windows contribute to a finished workplace environment. The suite is positioned near the building elevator and is available for immediate occupancy.
WaterMills combines residential, retail, restaurant, and office uses along the Charles River. On-site commercial parking is provided, with access to Interstate 90, regional bus service, and the broader Greater Boston market. Occupancy and use remain subject to landlord approval and applicable governmental requirements.
WaterMills combines residential, retail, restaurant, and office uses along the Charles River. On-site commercial parking is provided, with access to Interstate 90, regional bus service, and the broader Greater Boston market. Occupancy and use remain subject to landlord approval and applicable governmental requirements.
Key Highlights
- Approximately 1,150 SF of third‑floor office space
- Eight private offices plus open reception or seating area
- Kitchenette and one private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,490
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,800
$729.8K
Cap Rate 7%
$521,286
$521.3K
Cap Rate 9%
$405,444
$405.4K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$62.4K $54.24/SF
− Vacancy
−$13.7K −$11.93/SF
EGI
$48.7K $42.31/SF
− OpEx
−$12.2K −$10.58/SF
NOI
$36.5K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,800
Cap Rate 7%
$521,286
Cap Rate 9%
$405,444
Alternative Uses
Best Use
Office B
$521.3K
$456.1K – $608.2K
NOI $36,490 @ 7.0% cap · market cap 130,321.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$680.8K
$595.7K – $794.3K
NOI $47,656 @ 7.0% cap · market cap 170,200.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Third-floor professional suite with private offices, reception space, kitchenette, and abundant natural light.
Where is this office unit located?
The property is located at 350 Pleasant St Unit K Watertown, MA.
What are key features of this property?
This property features: Approximately 1,150 SF of third‑floor office space; Eight private offices plus open reception or seating area; Kitchenette and one private restroom
