Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Galen St Watertown, MA 02472-4506
    Back to Search
    Property profile & analytics

    115 Galen St, Watertown, MA 02472-4506

    View on Map
    • Retail space
    • 5,914 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US38-1380588
    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.
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bhop - Boston House of Pizza / Restaurant

    Property Details for 115 Galen St

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    0.18 lot acres
    Zone code
    T
    Property type
    Retail space
    APN
    WATE M:0110 B:0020 L:0001
    APU
    WATEM0110B0020L0001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 16, 2011 — Mvp Investments LLC — Deed Of Trust · related $365k · Belmont Savings Bank
    May 19, 2006 — Mvp Investments LLC — Deed Of Trust · related $400k · Belmont Savings Bank
    Jan 4, 2005 $1 Mvp Investments LLC Savvas Nt Grant Deed —
    Jan 4, 2005 — Mvp Investments LLC — Grant Deed · related $800k · Belmont Savings Bank
    Jul 7, 1994 — Savvas Nt — Deed Of Trust · related $385k · Belmont Savings Bank
    Jun 25, 1993 — Savvas Nt — Deed Of Trust · related $575k · First Trade Union Savings Bank
    Jul 11, 1991 — Savvas Nt — Deed Of Trust · related $400k · Shawmut Bank Of Boston
    Aug 24, 1989 $730,000 Savvas Nt 1978 Je Trodella RT Grant Deed $500k · Zenon Grzybowski
    Nov 30, 1988 — 1978 J Trodella RT — Deed Of Trust · related $300k · Shawmut Bank Of Boston
    Jun 23, 1987 — 178 Joseph Trodella RT — Deed Of Trust · related $3.2M · Shawmut Bank Of Boston

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,310,000
      7%
      $1,215,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $633,000
      Market price range: $442k - $1.12M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,595,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,365,000
      Change: -15% Conversion: Difficult
      OFFICE BUILDING
      $1,295,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1858
    Latitude
    42.361
    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
    $33,316
    $648,200
    $795,300
    $1,443,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $965,000
      6,392 SF

      1084-1088 Belmont St

      RETAIL STORES (PERSONAL SERVICES)
      1084-1088 Belmont St, Watertown, MA 02472
      View Details
    • Value Estimation
      $975,000
      5,600 SF

      401 Main St

      RETAIL STORES (PERSONAL SERVICES)
      401 Main St, Watertown, MA 02472-2240
      View Details
    • Value Estimation
      $2,065,000
      12,693 SF

      29 Main St

      RETAIL STORES (PERSONAL SERVICES)
      29 Main St, Watertown, MA 02472
      View Details
    • Value Estimation
      $640,000
      3,542 SF

      635 Mt Auburn St, Unit 641

      RETAIL STORES (PERSONAL SERVICES)
      635 Mt Auburn St, Watertown, MA 02472-2017
      View Details
    • Value Estimation
      $665,000
      3,400 SF

      105 School St

      RETAIL STORES (PERSONAL SERVICES)
      105 School St, Watertown, MA 02472-4247
      View Details
    • Value Estimation
      $730,000
      3,856 SF

      447 Main St

      RETAIL STORES (PERSONAL SERVICES)
      447 Main St, Watertown, MA 02472-2241
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Building Near Watertown Square

      4000 SF retail building with three units for sale.
      347-351 Main St, Watertown, MA 02472
      View Details
    • Contact for pricing
      3,047 SF

      Prime Watertown Retail Building For Sale

      Free-standing corner retail building with high visibility in Watertown.
      475 Main St, Watertown, MA 02472
      View Details
    • Contact for pricing
      4,000 SF

      Retail Building Near Watertown Square

      4000 SF retail building with three units and parking.
      347-351 Main St, Watertown, MA 02472
      View Details
    • Contact for pricing

      Watertown Retail Redevelopment Opportunity

      6,400 SF free-standing building for re-use or redevelopment.
      1084 Belmont St, Watertown, MA 02472
      View Details
    • Contact for pricing

      Watertown Auto Shop on Corner

      Auto repair shop on corner lot, suitable for redevelopment.
      250 Orchard St, Watertown, MA 02472
      View Details
    • Contact for pricing

      Watertown Restaurant Opportunity For Sale

      Free-standing vacant restaurant with FF&E near Watertown Mall.
      71-73 Elm St, Watertown, MA 02472
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,900 SF

      Watertown Retail Space For Rent

      Retail space available in Watertown, near transportation.
      75-85 Main St, Watertown, MA 02472
      View Details
    • Contact for pricing

      Turnkey Veterinary or Medical Space

      Ready-to-occupy, 1,500 SF space in high-traffic location.
      347 Main St, Watertown, MA 02472
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Highly visible 500 SF space near Watertown Square.
      125 Mount Auburn St, Watertown, MA 02472
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Highly visible retail/office space on busy Mt. Auburn St.
      125 Mount Auburn St, Watertown, MA 02472
      View Details
    • Contact for pricing
      2,406 SF

      Vibrant Mixed-Use Neighborhood Retail Space

      Retail space in a popular mixed-use destination.
      88 Arsenal Yards Blvd, Watertown, MA 02472
      View Details
    • Contact for pricing
      1,452 SF

      Turnkey Veterinary/Medical Space Available

      Ready-to-occupy, modern space suitable for various professional uses.
      347 Main St, Watertown, MA 02472
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Galen St
    Watertown, MA 02472-4506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    115 Galen St, Watertown, MA, 02472
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!