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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
700 Pleasant St Watertown, MA 02472-2689
Individually Owned
5-yr Hold
Free & Clear
Property ID
US38-1479612
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1994
Construction
STEEL FRAME
Total area
67,063 SF
Lot
10.51 ac (457,990 SF)
Zoning code
RD
APN
WATE M:0812 B:0001 L:0003
UPID
US38-1479612
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
-
Stop & Shop Grocery & Convenience Store Food Market
-
Peapod by Stop & Shop Supermarket Grocery & Convenience Store Food Market
-
Citizens Bank Atm
-
Western Union Bank Credit Union
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brem Simba 700 Pleasant · 5 yrs held
Brem Simba 700 Pleasant
since 2021
Last sale
$35.5M
7 recorded transactions
Zoning & alternative use
RD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$401,306
Tax year 2024
Assessed value
$17,387,600
Assessed 2024
Previous assessed
$16,713,900
+4.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$12,692,500
Assessed improvement
$4,695,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
6
Total area
67,063 SF
Lot
10.51 ac (457,990 SF)
Zoning code
RD
APN
WATE M:0812 B:0001 L:0003
UPID
US38-1479612
Jurisdiction
WATERTOWN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RD · Watertown, MAZoning RD · permitted uses
RD · Watertown, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
6
Lot
10.51 ac
Current owner
From public records · entity-resolved
Brem Simba 700 Pleasant
Individual
Free & Clear · 5 yrs held
Mailing address
20 PICKERING ST #200, NEEDHAM, MA 02492-3197
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
—
Brem Simba 700 Pleasant
—
Deed
related
$20,000,000 · Bank Of America NA
Feb 11, 2021
—
Brem Simba 700 Pleasant
Berkeley Re Managment LLC
Quit Claim Deed
related
—
Jan 11, 2021
$35,500,000
Berkeley Re Mgmt LLC
Watertown Ra LLC
Quit Claim Arm's Length For Ne States
—
Dec 23, 2020
$3,941,331
Watertown Ra LLC
Lcp Supermarkets Remaindr
Quit Claim Deed
—
Feb 21, 2020
—
Watertown Ra LLC
—
Deed
related
$147,035,000 · Kref Lndg I LLC
Feb 27, 2001
$12,187,977
Lcp Supermarkets
Wjg RT
Grant Deed
$34,316,853 · Wells Fargo Mortgage
Jun 11, 1998
$6,000,000
Britt RT
Bw Re LP
Grant Deed
—
—
—
Watertown Ra LLC
—
Deed Of Trust
related
$147,035,000 · Kref Lndg I LLC
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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