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    Bill Wright, Hopkinton, MA

    License ID: 5503
    RE/MAX Executive Realty
    Languages
    English

    Service Locations

    Contact details

    Phone:
    (508) 435-6700
    Office Address:
    308 West Central Street Suite E, Franklin, Massachusetts, 2038

    Performance

    Listings
    41

    Listings

    For Sale (19)

    View map
    • New
      $59,999
      0.46 Acres

      Residential Land in Worcester, MA

      Large lot suitable for single-family development near amenities.
      Crawford St, Worcester, MA 01604
      View Details
    • Contact for pricing
      Pending

      Webster, MA Land Opportunity

      Non-buildable lot; zoning non-conforming, possible encroachment.
      613-615 S Main St, Webster, MA 01570
      View Details
    • New
      $775,000
      4,048 SF

      Mixed-Use Building in Downtown Millbury

      Prime mixed-use property with commercial space and residential units.
      122 Elm St, Millbury, MA 01527
      View Details
    • New
      $999,000
      3,367 SF

      Charming Farmhouse Style Multi-Family Property

      Four cozy apartments with unique features and private outdoor spaces.
      107 Brigham St, Northborough, MA 01532
      View Details
    • $333,336
      Pending

      Northborough Land For Sale

      Residential land available in Northborough, Massachusetts.
      343 Newton St, Northborough, MA 01532
      View Details
    • $249,900
      20.73 Acres

      Millbury Land For Sale

      20+ acres of developable land in Millbury, Massachusetts.
      Auburn Rd, Millbury, MA 01527
      View Details
    • $525,000
      2,088 SF

      Charming Marlborough Multi-Family Home

      Well-maintained two-family home with recent major improvements, flexible zoning.
      17 Winthrop St, Marlborough, MA 01752
      View Details
    • New
      $85,000
      0.39 Acres

      Waterfront Land on Prindle Lake

      Waterfront lot on peaceful Prindle Lake with southern exposure.
      Oak Ridge Dr, Charlton, MA 01507
      View Details
    • New
      $400,000
      4.08 Acres

      Holliston Land Parcel For Sale

      Four-acre Holliston parcel with approved ANR plan.
      Hanlon Rd, Holliston, MA 01746
      View Details
    • $1,400,000
      1.99 Acres

      Bellingham Commercial Land Opportunity

      1.99 acre lot permitted for a 5000 sqft building.
      85 Mendon St, Bellingham, MA 02019
      View Details
    • $529,900
      2,397 SF

      Unique Marlborough Multi-Family Investment

      Two-family property with lake views and expansion potential.
      30 Winter Ave, Marlborough, MA 01752
      View Details
    • $1,675,000
      4.08 Acres

      Grafton Land Subdivision Opportunity

      Approved 6-lot subdivision ready for immediate development in Grafton, MA.
      69 East St, Grafton, MA 01536
      View Details
    • $199,900
      Pending

      Hudson Land Parcel For Sale

      9.98 acre wooded parcel near shopping and major routes.
      Washington St, Hudson, MA 01749
      View Details
    • $850,000
      1.63 Acres

      Bellingham Commercial Land on Rt. 140

      1.63 acres of commercial land with development plan.
      123-125 Mendon St, Bellingham, MA 02019
      View Details
    • $775,000
      Pending

      Grafton Two-Family Home

      Rebuilt two-family home in South Grafton with modern amenities.
      297 Providence Rd, Grafton, MA 01560
      View Details
    • $300,000
      11.64 Acres

      Medway Land Near Route 495

      11.64 acres of land 1.4 miles from Route 495.
      28 Fisher St, Medway, MA 02053
      View Details
    • $400,000
      3.00 Acres

      Grafton Land Opportunity

      Approximately 3-acre residential land parcel in Grafton, Massachusetts.
      66 North St, Grafton, MA 01519
      View Details
    • $99,000
      0.28 Acres

      Residential Lot with Lake View

      Residential lot with lake view in Norfolk, Massachusetts.
      W Birch Rd, Norfolk, MA 02056
      View Details
    • $999,000
      4,870 SF

      Renovated Three-Family in Worcester

      Three renovated units near I-290, shops, and Green Hill Park.
      139 Lincoln St, Worcester, MA 01605
      View Details

    For Lease (22)

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    • $20 SF/Yr
      118,048 SF

      First Class Office Space

      Office space with private offices, reception, and conference room.
      1000 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $650 /Mo
      85,813 SF

      Holliston Commercial Space For Rent

      Commercial flex space available for rent in Holliston, MA.
      13 Water St, Holliston, MA 01746
      View Details
    • $18 SF/Yr
      40,000 SF

      Westborough Office Space For Lease

      First floor office space for lease in Westborough, MA.
      69 Milk St, Westborough, MA 01581
      View Details
    • $20 SF/Yr
      118,048 SF

      First Class Office Space

      Office space with private offices, reception, and conference room.
      1000 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $1,000 /Mo
      200 SF

      Prime ATM Space Available

      ATM space in high-traffic retail area near I-495.
      435 W Central St, Franklin, MA 02038
      View Details
    • $850 /Mo
      255 SF

      Franklin Office Space For Rent

      Professional/Retail 255SF office space suitable for small business.
      36 E Central St, Franklin, MA 02038
      View Details
    • $20 SF/Yr
      34,848 SF

      Renovated Office Space Available

      Completely renovated office space for rent, ready for occupancy.
      249 South St, Plainville, MA 02762
      View Details
    • $10 SF/Yr

      Franklin Commercial Space For Rent

      Flex/industrial space with exposed brick and loading dock.
      5 Fisher St, Franklin, MA 02038
      View Details
    • $3,200 /Mo
      79,279 SF

      Office Suite Near Town Center

      Second floor office suite with signage on Route 140.
      308 W Central St, Franklin, MA 02038
      View Details
    • $10 SF/Yr

      Franklin Commercial Property for Rent

      Commercial property in Franklin with truck docks and ample power.
      5 Fisher St, Franklin, MA 02038
      View Details
    • $19 SF/Yr
      52,272 SF

      Westborough Office Space Available

      Second floor office suite available for lease in Westborough.
      4 Bellows Rd, Westborough, MA 01581
      View Details
    • New
      $18 SF/Yr
      Pending

      Downtown Franklin Retail/Office Space

      Prime retail/office space with patio in downtown Franklin.
      9 Summer St, Franklin, MA 02038
      View Details
    • $20 SF/Yr
      118,048 SF

      Office Space Near Route 495

      First-class office space with convenient highway access and ample parking.
      1000 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $1,600 /Mo
      79,279 SF

      Office Suite Near Town Center

      Second floor office suite with reception and private offices.
      308 W Central St, Franklin, MA 02038
      View Details
    • $1,800 /Mo
      Pending

      Downtown Uxbridge Commercial Space

      First-floor office/retail space in downtown Uxbridge available for lease.
      8 Court St, Uxbridge, MA 01569
      View Details
    • $19 SF/Yr
      52,272 SF

      Westborough Office Space For Rent

      Second floor office suite available in Westborough, Massachusetts.
      4 Bellows Rd, Westborough, MA 01581
      View Details
    • $2,964 /Mo
      10,000 SF

      Walpole Commercial Shop/Garage Space

      Commercial shop/garage space available in Walpole, MA.
      276 South St, Walpole, MA 02081
      View Details
    • $10 SF/Yr

      Franklin Commercial Flex Space Available

      Flex space available for lease in Franklin, Massachusetts.
      5 Fisher St, Franklin, MA 02038
      View Details
    • $19 SF/Yr
      52,272 SF

      Westborough Office Suite For Rent

      First floor office suite with private offices and kitchenette.
      4 Bellows Rd, Westborough, MA 01581
      View Details
    • $7,500 /Mo
      80,150 SF

      Bellingham Commercial Space for Lease

      Flex/industrial space with drive-in doors and loading docks available.
      23 William Way, Bellingham, MA 02019
      View Details
    • $19 SF/Yr
      1,216,195 SF

      First Class Office Space

      Office space for lease in busy shopping center.
      500 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $19 SF/Yr
      1,216,195 SF

      Office Space in Busy Center

      First-class office space with convenient highway access and ample parking.
      500 Franklin Village Dr, Franklin, MA 02038
      View Details

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    Bill Wright, Hopkinton, MA
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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