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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Retail space
15 Main St 25, Watertown, MA 02472-4403
Individually Owned
8-yr Hold
Free & Clear
Property ID
US38-1191500
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1889
Construction
FRAME
Total area
22,843 SF
Lot
0.19 ac (8,059 SF)
Zoning code
CB
APN
WATE M:0301 B:0003 L:0000
UPID
US38-1191500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Techfusion Digital Forensics & Data Recovery IT Consulting Firm Tech Support Center
-
Boston Women Connect Business Networking Company
-
Media Literacy Now Association / Organization
-
Shred Nations Recycling Center Waste Management Facility
-
CyberFire IT Solutions - IT Support & Managed IT Services Data Recovery Service Database Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.68M
Owner & transaction history
Bahram Ghassemi · 8 yrs held
Bahram Ghassemi
since 2018
6 recorded transactions
Zoning & alternative use
CB · Watertown, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Watertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watertown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$59,696
Tax year 2024
Assessed value
$2,586,500
Assessed 2024
Previous assessed
$2,517,400
+2.7% YoY
Effective rate
2.31%
On assessed value
Assessed land
$660,000
Assessed improvement
$1,926,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1889
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
9
Bathrooms
9
Total area
22,843 SF
Lot
0.19 ac (8,059 SF)
Zoning code
CB
APN
WATE M:0301 B:0003 L:0000
UPID
US38-1191500
Jurisdiction
WATERTOWN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Watertown, MA
Zoning CB · permitted uses
CB · Watertown, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watertown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1889
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
9
Bathrooms
9
Lot
0.19 ac
Current owner
From public records · entity-resolved
Bahram Ghassemi
Individual
Free & Clear · 8 yrs held
Mailing address
17 MAIN ST #201, WATERTOWN, MA 02472-4403
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2018
—
Bahram Ghassemi
Otis Building Realty Trust
Quit Claim Deed
related
—
Jul 11, 1996
—
Otis Bldg RT
—
Deed Of Trust
related
$600,000 · Grove Bank
Aug 31, 1993
$750,000
Cambridge Mult Arts Ct
Somrock Corp
Grant Deed
—
Jun 17, 1993
$790,000
Otis Bldg RT
Church St Corp
Grant Deed
$632,000 · Bay Bank
Jan 26, 1993
$790,000
Church St Corp
Otis Main St T
Grant Deed
—
May 7, 1987
—
Otis Main St Tr
—
Deed Of Trust
related
$1,000,000 · Baybank Middlesex
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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