Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

385 Pleasant St Watertown, MA 02472

FOR SALE
Other investment properties
Property ID
US38-1573522
16,091 SF 1.64 ac lot Built 1940
Last sale Mar 2017 · $2,400,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of approximately 3,700 square feet of flex/office space with a flexible interior layout suitable for a range of office or mixed-use business configurations. It is located in a neighborhood near Watertown Square and surrounding residential areas, with frontage across from the Charles River, providing river views and proximity to outdoor access. The site includes approximately 15 parking spaces.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$46k
Tax billed · 2019
Assessed value · 2024$13.87M
Assessed land$4.82M
Assessed improvement$9.05M
Effective rate0.33%

Value estimate

· Oct 2026
$3.58M
$3.22M – $3.94M
CAP approach$4.09M
Submarket $/SF estimate$2.46M
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 73,396.00% cap applied$18k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$352/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$260 – $455
Qualifying comparables11

Cap rate analysis

How does the asset earn?
73,396.00%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PSCD
JurisdictionWATERTOWN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.4
Hotel & Motel9.7
Parking Facility9.3

Location

385 Pleasant St Watertown, MA 02472
County assessor Recorded deeds · 5 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
233 Pleasant, Watertown, MA 02472-2457 $85,500,000 Jul 2025 42,390 SF
466 Main, Watertown, MA 02472-2246 $1,555,000 May 2025 5,792 SF
76 School, Watertown, MA 02472-4254 $1,300,000 Jan 2024 4,995 SF
74 Main, Watertown, MA 02472-4413 $5,000,000 Sep 2023 12,227 SF
52-54 Spg, Watertown, MA 02472 $2,350,000 Jun 2022 5,213 SF
24 Church, Watertown, MA 02472-3851 $3,800,000 Dec 2020 13,560 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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