Property profile

23 Elm St 29 Watertown, MA 02472

OFF-MARKET
Life science properties
Property ID
US38-1343802
75,761 SF 1.08 ac lot Built 2023
Individually Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 2023
Construction STEEL FRAME
Total area 75,761 SF
Lot 1.08 ac (46,827 SF)
Zoning code I-1
APN WATE M:1236 B:0004 L:0000G
UPID US38-1343802

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electronics & Wireless Store

Location

23 Elm St, Unit 29 Watertown, MA 02472-2878
Watertown metro Census 370302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.87M

Owner & transaction history

since 2024
Last sale
$55.7M
3 recorded transactions
2024
$55.7M
2022
Price N/A
2020
$7.3M

Zoning & alternative use

I-1 · Watertown, MA
Zoning description

In the I-1, I-2 and I-3 districts, fences shall have a maximum allowable height of eight feet. In all other districts, fences shall have a maximum allowable height of six feet. Further, no accessory recreational structur…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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