Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Self-Storage Facility with Expansion Potential Title is generated by Realmo AI

    Houghton Street, Hudson, MA 01749

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,000,000

    470-unit self-storage facility with expansion and redevelopment potential.

    Added:
    Oct 31, 2024
    Days on Market:
    568
    Last Refresh:
    Apr 1 at 8:53 pm

    Property Features for Houghton Street

    General Information

    Standard status
    Active
    Property subtype
    Other

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Jamie Venezia

    Listing agent Jamie Venezia

    Listing office Real Estate Pros Inc.

    Listing date Oct 31, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Pros Inc.

    HighLights

    • 470‑unit self‑storage facility
    • Includes adjacent lot for parking or drive‑up bays
    • Established business operating since 2005
    • Expansion potential
    • Potential for redevelopment into 83 residential live‑work units
    • Rubber roof

    Overview

    This property features a 470-unit self-storage facility that has been in operation since 2005. The offering includes an additional lot located across the street at 46-50 Houghton Street. Plans are in place for drive-up bays on the additional lot, or it can be utilized for parking. The property offers expansion potential and is suitable as a buy-and-hold investment. Redevelopment potential exists for 83 residential live-work units.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Hudson
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.565526
    Latitude
    42.390593

    Nearby Similar for Sale

    • $849,900
      4,012 SF

      Spacious Hudson Three-Family Home

      Rare opportunity: 3 units, 3 bedrooms each, prime location.
      21 Felton St, Hudson, MA 01749
      View Details
    • $849,900
      4,000 SF

      Spacious Three-Family in Prime Location

      Rare 3-family near downtown Hudson, ideal for owners or investors.
      21 Felton St, Hudson, MA 01749
      View Details
    • $699,000
      20,960 SF

      Flex Industrial Building For Sale

      20,960 SF flex industrial building on 0.77 acres.
      71 Apsley Street, Hudson, MA 01749
      View Details
    • Contact for pricing
      105,000 SF

      Hudson Industrial Investment Opportunity

      105,000 SF industrial/warehouse on 8.5 acres, fully occupied.
      555 Main St | Hudson, MA 01749
      View Details
    • $795,000
      15,786 SF

      Historic Hudson Building For Sale

      Magnificent, commercially zoned building in Hudson's Historic District.
      80 Main Street, Hudson, MA 01749
      View Details
    • Contact for pricing
      106,778 SF

      Industrial Property Near Interstate 495

      105,000 SF industrial/warehouse space near major transportation routes.
      555 Main St, Hudson, MA 01749
      View Details
    • $750,000
      5,651 SF

      Hudson Commercial Property For Sale

      Commercial property with 5651 square feet of space.
      53 Houghton St, Hudson, MA 01749
      View Details
    • $3,200,000

      Prime Commercial Building For Sale

      Commercial building for sale in a sought-after area.
      578 Main Street, Hudson, MA 01749
      View Details
    • Contact for pricing
      49,470 SF

      Industrial/Flex Building in Hudson

      49,470 SF industrial/flex building on 10.99 acres.
      4 Cabot Rd, Hudson, MA 01749
      View Details
    • $225,000

      Hudson Commercial Unit For Sale

      Commercial unit available for purchase in Hudson, Massachusetts.
      9 Bonazzoli Avenue, Unit 26, Hudson, MA 01749
      View Details
    • $3,200,000

      Prime Commercial Building in Hudson

      Premier commercial building in a sought-after Hudson location.
      578 Main Street, Hudson, MA 01749
      View Details

    FAQs

    What type of property is this?
    Self storage facility - 470-unit self-storage facility with expansion and redevelopment potential.
    Where is this self storage facility located?
    The property is located at Houghton Street Hudson, MA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 470‑unit self‑storage facility; Includes adjacent lot for parking or drive‑up bays; Established business operating since 2005
    (617) 682-6680
    We can help!
    Listing Contact
    Jamie Venezia
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Houghton Street, Hudson, MA 01749
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!