Two-Level Flex
586 Pleasant Unit 1 Watertown, MA 02472
586 Pleasant Unit 1, Watertown, MA, 02472
$1,499,000
For Sale
$1,499,000
Well-maintained two-level commercial condo includes a garage with 400-amp service and an upstairs office suite with bathrooms and kitchenette.
Property Size3,529 SF
Price / SF$424.77
Days on Market119
Property Features for 586 Pleasant Unit 1
General Information
- Standard status
- Active
- Size
- 3,529 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing agency
Elevated Realty,LLC
Listed by
Dimitri Petrosian
(508) 287-2695
Source
Demakis
Added: Mar 26 Updated: Jul 21 at 8:16PM Checked: Jul 21 at 8:16PM
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 3,529 SF commercial condominium offers a flexible two-level layout suited to a range of commercial and light industrial needs. The first floor includes a 1,722 SF garage with 400-amp electrical service. The second floor is an 1,807 SF office space with two bathrooms, a kitchenette, and a shower.
The unit comes with four deeded parking spaces, with additional parking available for rent. The property is offered for sale as a functional setup for owner-users or investors looking for a combination of garage and office space in a single condominium unit.
Overall, the configuration supports operations that benefit from dedicated parking and on-site office amenities while retaining a garage component on the main level.
The unit comes with four deeded parking spaces, with additional parking available for rent. The property is offered for sale as a functional setup for owner-users or investors looking for a combination of garage and office space in a single condominium unit.
Overall, the configuration supports operations that benefit from dedicated parking and on-site office amenities while retaining a garage component on the main level.
Key Highlights
- Well‑maintained 3,529 SF two‑level commercial condominium built in 2017
- First floor includes a 1,722 SF garage with 400‑amp electrical service for a range of commercial or light industrial uses
- Second floor offers 1,807 SF office suite with two bathrooms, 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 | $191.4k | $54.24 |
| − Vacancy | −$42.1k | −$11.93 |
| EGI | $149.3k | $42.31 |
| − OpEx | −$37.3k | −$10.58 |
| NOI | $112.0k | $31.73 |
3,529 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $111,977 @ 7.0% cap · market cap 7.47%
Second Best
Warehouse
$651.2K
$569.8K – $759.7K
NOI $45,581 @ 7.0% cap · market cap 3.04%
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
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 - Well-maintained two-level commercial condo includes a garage with 400-amp service and an upstairs office suite with bathrooms and kitchenette.
Where is this flex space located?
The property is located at 586 Pleasant Unit 1 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: Well‑maintained 3,529 SF two‑level commercial condominium built in 2017; First floor includes a 1,722 SF garage with 400‑amp electrical service for a range of commercial or light industrial uses; Second floor offers 1,807 SF office suite with two bathrooms, kitchenette, and a shower
