108 Water St Watertown, MA 02472-4696
Property profile & analytics
108 Water St Watertown, MA 02472-4696
- Life science properties
- 23,172 SF
- 0.45 lot acres
Property ID
US38-0813964
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- KOI Garage Door Service / Building Supply / General Contractor
- Datum3D Product Development / Research And Product Development
- Documentary Educational Resources / Corporate Office
- Parents Helping Parents / Social Service Agency / Charitable Organization
- Biopharma PEG (Biochempeg) Scientific Inc. / Pharmaceutical Company / Chemistry Lab
Property Details for 108 Water St
- Year built
- 1963
- Construction
- STEEL FRAME
- Lot size
- 0.45 lot acres
- Property size
- 23,172 SF
- Zone code
- I-2
- Property type
- Life science properties
- APN
- WATE M:0104 B:0018 L:0000
- APU
- WATEM0104B0018L0000
Description
This exceptional value-add opportunity presents a five-story, 21,600 square foot office building situated on a 0.446-acre lot in Watertown, Massachusetts. The property, located at 108 Water Street, features twelve units occupied by ten tenants at an 85% occupancy rate under gross leases. The building boasts ample parking (2 spaces per 1,000 sq ft) and is zoned Industrial 2, allowing for diverse uses. With shorter-term tenancies, this presents a unique chance for redevelopment or repositioning. The building offers solid in-place income and a diverse tenant mix, creating a strong foundation for future growth. Situated in a thriving area near the Charles River, this property benefits from easy access to major transportation routes, including the Mass Turnpike, and a vibrant community. Rent bumps are available, providing further upside potential. This is a rare opportunity to acquire a well-located asset in a highly sought-after market, offered for sale for the first time in many years. The property's location in Watertown, a booming suburb of Boston, offers significant potential for increased rental income due to currently low market rents. This is an ideal investment for both owner-users and investors seeking a value-add opportunity with significant upside.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1845
- Latitude
- 42.3612
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$34,228
$802,500
$680,500
$1,483,000
-
$0.00
$0.00
$0.00
