Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Office Building With Drive-Thru Title is generated by Realmo AI

    115 East Main Street, Webster, MA 01570

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,412+/- SF office building with drive-thru and parking.

    Type:OFC, SCR-FREE
    Property size:
    4,412 SF
    Added:
    Mar 9, 2022
    Days on Market:
    1539
    Last Refresh:
    Apr 3 at 5:03 am

    Property Features for 115 East Main Street

    General Information

    Standard status
    Active
    Size
    4,412 SF
    Property subtype
    OFC, SCR-FREE

    Spaces For Lease

    at 115 East Main Street Contact us

    We can help!

    Listing Contact
    Courtney Truex

    Listing agent Courtney Truex License #MA 9534614

    Listing office KW Commercial | Worcester

    Listing date Mar 9, 2022

    Source Realnex

    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 KW Commercial | Worcester

    HighLights

    • Freestanding office building
    • Benefit from the convenience of a drive‑thru
    • 4,412+/- SF of versatile space
    • Ample parking available
    • Adjacent to Honey Dew Donuts and Gatzke Plaza
    • Located opposite Webster Commons anchored by CVS and Planet Fitness

    Overview

    This is a 4,412+/- square foot freestanding office building that includes a drive-thru and parking. The property is located adjacent to Honey Dew Donuts and Gatzke Plaza, and opposite the busy Webster Commons, which is anchored by CVS and Planet Fitness. A land lease option is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8664707
    Latitude
    42.059099

    Nearby Similar for Lease

    • $15 SF/Yr
      19,000 SF

      Versatile Mixed-Use Plaza in Webster

      Subdividable industrial/office/retail building in downtown Webster with high traffic.
      1 N Main St, Webster, MA 01570
      View Details
    • Contact for pricing
      15,540 SF

      Industrial Building with Outdoor Storage

      15,540 SF industrial building with highway access.
      26 Town Forest Road, Webster, MA 01570
      View Details
    • Contact for pricing
      7,000 SF

      Restaurant and Bar Ready to Go

      7,000 SF furnished restaurant and bar with full liquor license.
      290 Thompson Road, Webster, MA 01570
      View Details
    • Contact for pricing
      200,000 SF

      Webster Plaza Retail Space

      200,000 SF retail space for lease in Webster Plaza.
      70 Worcester Road, Webster, MA 01570
      View Details
    • Contact for pricing
      2,500 SF

      Webster Industrial Space with Office

      Industrial space with office component, near I-395 in Webster, MA.
      82 Worcester Rd, Webster, MA 01570
      View Details
    • $14 SF/Yr
      955 SF

      Retail Space on Main Street

      Retail space for lease in a high-traffic Webster location.
      131 E Main St, Webster, MA
      View Details
    • $20 SF/Yr
      1,500 SF

      Freestanding Healthcare Facility For Lease

      14,710 square-foot healthcare facility constructed in 2002 on 2.3 acres.
      336 Thompson Rd, Webster, MA
      View Details
    • Contact for pricing
      57,000 SF

      Webster Plaza Retail/Distribution Space

      57,000 SF retail or distribution space with highway access.
      78-82 Worcester Rd, Webster, MA
      View Details
    • Contact for pricing

      Commercial Space on Main Street

      Commercial space for rent at 129 East Main Street.
      129 East Main Street, Webster, MA 01570
      View Details
    • Contact for pricing
      15,540 SF

      Industrial Building with Fenced Lot

      15,540 SF industrial building with fenced outdoor storage.
      26 Town Forest Rd, Webster, MA 01570
      View Details

    FAQs

    What type of property is this?
    Office building - 4,412+/- SF office building with drive-thru and parking.
    Where is this office building located?
    The property is located at 115 East Main Street Webster, MA.
    What are key features of this property?
    This property features: Freestanding office building; Benefit from the convenience of a drive‑thru; 4,412+/- SF of versatile space
    (413) 214-2886
    We can help!
    Listing Contact
    Courtney Truex
    Real Estate License ID: MA 9534614
    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
    115 East Main Street, Webster, MA 01570
    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!