Versatile Commercial Condo with
586 Pleasant # 1 Watertown Watertown, MA 02472
586 Pleasant # 1 Watertown, Watertown, MA, 02472
$1,499,000
For Sale
$1,499,000
Two-level commercial condo with garage and office space.
Property Size3,529 SF
Price / SF$424.77
Days on Market64
Property Features for 586 Pleasant # 1 Watertown
General Information
- Standard status
- Active
- Size
- 3,529 SF
Building Details
- Year Built
- 2017
Listing Agency
(508) 501-1443
Listed by
Stephen Rose
(508) 501-1443
Source
Milestonerealtyinc
Added: May 15 Checked: Jul 17 at 2:58 am
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 Stephen Rose
Investment Insights
Based on property information with market context.
This well-maintained 3,529 square foot commercial condominium features a flexible two-level layout. The first floor offers a 1,722 square foot garage equipped with 400-amp electrical service, suitable for various commercial, trade, or light industrial applications. The second floor comprises 1,807 square feet of office space, including two bathrooms, a kitchenette, and a shower. The unit includes four deeded parking spaces, with the option to rent additional parking. This property presents an opportunity for both owner-users and investors seeking functionality and convenience.
Key Highlights
- Flexible two‑level layout suitable for various commercial, trade, or light industrial uses.
- 1722 SF garage with 400‑amp electrical service.
- 1807 SF office space with two bathrooms, kitchenette, and shower.
Local Financial Insights For Warehouse
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 | $56.7k | $16.08 |
| − Vacancy | −$3.1k | −$0.88 |
| EGI | $53.6k | $15.20 |
| − OpEx | −$8.0k | −$2.28 |
| NOI | $45.6k | $12.92 |
3,529 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$651.2K
$569.8K – $759.7K
NOI $45,581 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$536.3K
$469.2K – $625.6K
NOI $37,538 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,241 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Miss Jeanies Catering — 498 Pleasant St, Watertown, MA 02472
- Elisa's Catering — 223 Adams St, Newton, MA 02458
- Fiouna Catering — 367-B, 367 California St, Newton, MA 02458
- The Kiddush Specialist — 223 Adams St, Newton, MA 02458
- Better Life Food — 158 Adams St, Newton, MA 02458
FAQs
What type of property is this?
Flex space - Two-level commercial condo with garage and office space.
Where is this flex space located?
The property is located at 586 Pleasant # 1 Watertown Watertown, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Flexible two‑level layout suitable for various commercial, trade, or light industrial uses.; 1722 SF garage with **400‑amp electrical service.**; 1807 SF office space with two bathrooms, kitchenette, and shower.
