Corner Lot Retail
For Sale
Contact for pricing
8 Bigelow Ave, Watertown, MA 02472
Corner lot storefront with large windows and separate-access basement space under a triple net structure.
Property Size1,131 SF
Price / SF$3.45
Days on Market106
Property Features for 8 Bigelow Ave
General Information
Standard status
Active
Size
1,131 SF
Property subtype
Commercial
Lease Type
NNN
Site & Location
Neighborhood
Mount Auburn
Utilities to Site
Yes
Building Details
Year Built
1930
Listing Agency:
V & E Realty
(617) 786-9399
Listed By:
Derek Wong · License #455500324
(617) 290-8289
Source:
Lockandkeyre
Added: Jul 18
Changed: Oct 29
Last Checked: Oct 30 at 4:55PM
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 V & E Realty
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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 corner lot retail storefront offers a good-sized commercial space of approximately 1,131 sq. ft., with large storefront windows for customer-facing frontage. The building also includes extra basement space with a decent ceiling height, featuring its own access from the rear of the building.
The property is located in Watertown at the intersection of Mt. Auburn Street, with the remarks citing high traffic count and high visibility/exposure. The space is offered for lease in AS-IS condition under a triple net (NNN) structure, and the tenant is responsible for its own utilities. The property was formerly used as a laundromat, and due diligence for the tenant is required. Advance notice is requested for showings due to tenant requirements.
The property is located in Watertown at the intersection of Mt. Auburn Street, with the remarks citing high traffic count and high visibility/exposure. The space is offered for lease in AS-IS condition under a triple net (NNN) structure, and the tenant is responsible for its own utilities. The property was formerly used as a laundromat, and due diligence for the tenant is required. Advance notice is requested for showings due to tenant requirements.
Key Highlights
- Corner lot storefront commercial space at the intersection of Mt. Auburn Street in Watertown
- Approx. 1,131 SF storefront with large storefront windows
- Extra basement space with decent ceiling height and own access from the rear of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,256
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,120
$325.1K
Cap Rate 7%
$232,229
$232.2K
Cap Rate 9%
$180,622
$180.6K
Market Conditions
NOI Build-Up for 1,131 SF
Gross rent
$24.8K $21.96/SF
− Vacancy
−$1.6K −$1.43/SF
EGI
$23.2K $20.53/SF
− OpEx
−$7.0K −$6.16/SF
NOI
$16.3K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,120
Cap Rate 7%
$232,229
Cap Rate 9%
$180,622
Alternative Uses
Best Use
Retail
$232.2K
$203.2K – $270.9K
NOI $16,256 @ 7.0% cap · market cap 416.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.5K
$585.9K – $781.1K
NOI $46,868 @ 7.0% cap · market cap 1,201.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
167k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 87%
Shops & Services 9%
Dining 4%
Target
Superstores
144,686 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,804 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,724 visits/mo
0.1 miles
Citizens Bank
Shops & Services
2,452 visits/mo
0.1 miles
MyEyeDr.
Shops & Services
2,289 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Flowers Taryn — 485 Arsenal Ct #100, Watertown, MA 02472
- Ila Design — 65 Dexter Ave, Watertown, MA 02472
Frequently Asked Questions
What type of property is this?
Storefront property - Corner lot storefront with large windows and separate-access basement space under a triple net structure.
Where is this storefront property located?
The property is located at 8 Bigelow Ave Watertown, MA.
What are key features of this property?
This property features: Corner lot storefront commercial space at the intersection of Mt. Auburn Street in Watertown; Approx. 1,131 SF storefront with large storefront windows; Extra basement space with decent ceiling height and own access from the rear of the building
