Two-Level Flex
586 Pleasant Unit 8 Watertown, MA 02472
586 Pleasant Unit 8, Watertown, MA, 02472
$749,000
For Sale
$749,000
1,600 SF flexible two-level condo includes an 800 SF garage/work area and an 800 SF office with two bathrooms.
Property Size1,600 SF
Price / SF$468.13
Days on Market120
Property Features for 586 Pleasant Unit 8
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing agency
Elevated Realty,LLC
Listed by
Dimitri Petrosian
(978) 922-3683
Source
Jbarrettrealty
Added: Mar 25 Updated: Jul 22 at 12:30AM Checked: Jul 22 at 7:41AM
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 Elevated Realty,LLC
Investment Insights
Based on property information with market context.
This well-maintained commercial condominium offers a flexible two-level layout totaling 1,600 SF. The first floor includes an 800 SF garage/work area with 400-amp electrical service. The second floor provides an 800 SF office space with two bathrooms, a kitchenette, and a shower.
The unit includes two deeded parking spaces, with additional parking available for rent. The property is presented as suitable for a range of commercial, trade, or light industrial uses.
As a condo unit, it is designed for practical owner-user or investment scenarios, combining ground-level workspace with dedicated office amenities above.
The unit includes two deeded parking spaces, with additional parking available for rent. The property is presented as suitable for a range of commercial, trade, or light industrial uses.
As a condo unit, it is designed for practical owner-user or investment scenarios, combining ground-level workspace with dedicated office amenities above.
Key Highlights
- 2017‑built 1,600 SF commercial condominium with a flexible two‑level layout
- First floor includes an 800 SF garage/work area with 400‑amp electrical service
- Second floor offers an 800 SF office with two bathrooms, a kitchenette, and a shower
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 | $86.8k | $54.24 |
| − Vacancy | −$19.1k | −$11.93 |
| EGI | $67.7k | $42.31 |
| − OpEx | −$16.9k | −$10.58 |
| NOI | $50.8k | $31.73 |
1,600 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$725.3K
$634.6K – $846.2K
NOI $50,769 @ 7.0% cap · market cap 6.78%
Second Best
Warehouse
$295.2K
$258.3K – $344.4K
NOI $20,666 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$947.2K
$828.8K – $1.11M
NOI $66,304 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Boston Architects And Builders ...
Architecture Firm
MAK Attic Insulation ...
General Contractor
IMG Painting
Painting Service
SolaRev
Production Facility
Elemental Beverage Company
Corporate Office
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 - 1,600 SF flexible two-level condo includes an 800 SF garage/work area and an 800 SF office with two bathrooms.
Where is this flex space located?
The property is located at 586 Pleasant Unit 8 Watertown, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2017‑built 1,600 SF commercial condominium with a flexible two‑level layout; First floor includes an 800 SF garage/work area with 400‑amp electrical service; Second floor offers an 800 SF office with two bathrooms, a kitchenette, and a shower
