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    Property profile & analytics

    116 Main St, Unit 126 Watertown, MA 02472-4416

    • Office buildings
    • 26,274 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimation
    $7,100,000
    Last Sale
    Jun 28, 2024
    $7,131,693
    Location Intelligence
    Property ID
    US38-1129810
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 116 Main St

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    0.51 lot acres
    Property size
    26,274 SF
    Zone code
    CB
    Property type
    Office buildings
    APN
    WATE M:0204 B:0005 L:0007A
    APU
    WATEM0204B0005L0007A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,690,000
      6.5%
      $6,645,000
      7%
      $7,435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,660,000
      Geo Method
      $6,765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,650,000
      Retail
      $6,950,000
      Mixed-Use
      $6,785,000
      Hospitality
      $5,960,000
      Educational
      $6,790,000
      Residential Income
      $6,525,000
      Energy
      $6,680,000
      Income-Based Land
      $7,235,000
      Food Service
      $7,000,000

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1874
    Latitude
    42.367
    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
    $104,573
    $1,071,500
    $3,459,400
    $4,530,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11,804 SF

      40 Spg St

      OFFICE BUILDING • 11,804 SF
      40 Spg St, Watertown, MA 02472-3474
      View Details
    • Value Estimation by Request
      79,086 SF

      5 Brg St

      OFFICE BUILDING • 79,086 SF
      5 Brg St, Watertown, MA 02472
      View Details
    • Value Estimation by Request
      117,012 SF

      480 Pleasant St

      OFFICE BUILDING • 117,012 SF
      480 Pleasant St, Watertown, MA 02472-2463
      View Details
    • Value Estimation by Request
      3,508 SF

      499 Mt Auburn St, Unit 513

      OFFICE BUILDING • 3,508 SF
      499 Mt Auburn St, Watertown, MA 02472-4118
      View Details
    • Value Estimation by Request
      3,456 SF

      67 Pleasant St

      OFFICE BUILDING • 3,456 SF
      67 Pleasant St, Watertown, MA 02472-2317
      View Details
    • Value Estimation by Request
      2,756 SF

      452 Pleasant St

      OFFICE BUILDING • 2,756 SF
      452 Pleasant St, Watertown, MA 02472
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      10,675 SF

      Watertown Office Building For Rent

      Four-story, 201,088 SF office building, formerly Boston Scientific headquarters.
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      View Details
    • $33 SF/Yr
      13,695 SF

      Watertown Office Space Available

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    • Contact for pricing
      740 SF

      Renovated Office/Lab/Studio Space Available

      Newly renovated office/lab/studio space with included lab equipment.
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    • $22 SF/Yr
      1,300 SF

      Watertown Flex/Office Space Available

      First floor flex/office space in prime Watertown location.
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    • $30 SF/Yr
      2,340 SF

      Modern Office Suite for Rent

      Thoughtfully designed office suite with open workspace and conference room.
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    • $11 SF/Yr

      Warehouse/Office Hybrid Space For Rent

      Unique warehouse/office space in prime location, suitable for various uses.
      11 Boyd St Gdn, Watertown, MA 02472
      View Details
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    116 Main St, Unit 126
    Watertown, MA 02472-4416
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    Realmo Value Estimation

    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.

    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.

    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
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