Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hopkinton Land Site on Route 135 Title is generated by Realmo AI

    124 E Main St, Hopkinton, MA 01748

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Prime 7.29 acre land site in affluent Hopkinton, MA.

    Type:LAND
    Lot size:
    7.29 Acres
    Added:
    May 21, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 8:27 am

    Property Features for 124 E Main St

    General Information

    Standard status
    Active
    Lot size
    7.29 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Victor Galvani
    Victor Galvani

    Listing agent Victor Galvani License #MA 9​0​8​3​2​9​1

    Listing office NAI | Parsons Commercial Group - Boston

    Listing date May 21, 2026

    Source Moodyscre

    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 NAI | Parsons Commercial Group - Boston

    HighLights

    • Prime +/-7.29 acre land site in affluent Hopkinton, MA.
    • Located in Commercial Subdistrict zone allowing for a variety of uses.
    • Abuts the newly developed Legacy Farms, an 800+ unit residential development.
    • Excellent visibility and frontage on Route 135.
    • All municipal utilities are on‑site (gas, water, and sewer).
    • Minutes from downtown Hopkinton and close to amenities like Hopkinton State Park and Start Line Brewery.

    Overview

    This approximately 7.29-acre land site is located on Route 135 in Hopkinton, Massachusetts. Situated in the Commercial Subdistrict zone, the land allows for a variety of uses. The site is adjacent to Legacy Farms, a newly developed residential development with over 800 units by Pulte Homes. The property features visibility and frontage on Route 135 and is located minutes from downtown Hopkinton. Municipal utilities, including gas, water, and sewer, are available on-site. Allowable uses include daycare or adult daycare providers, businesses, professional offices, banks, light manufacturing, restaurants, medical offices, places of worship, religious uses, landscaping businesses, public or private educational uses, public libraries, bed and breakfast establishments, and funeral homes. Surrounding amenities include Hopkinton State Park, Ashland State Park, Weston Nurseries, and various restaurants and retail services, including Start Line Brewery.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.5293416
    Latitude
    42.2258805

    Nearby Similar for Sale

    • $929,000

      Hopkinton Estate Lot Opportunity

      1.8-acre buildable lot in Hopkinton, Massachusetts, with proposed plans.
      75 Wilson Street, Hopkinton, MA 01748
      View Details
    • $1,100,000

      Hopkinton Warehouse with Overhead Doors

      Warehouse with multiple overhead doors and sewer connection stub.
      85R Hayden Rowe, Hopkinton, MA 01748
      View Details
    • $850,000

      Approved Medical Office Building

      Approved 10,000 Sq. Ft. medical office building with parking.
      28 Lumber St, Hopkinton, MA 01748
      View Details
    • $1,500,000

      Hopkinton Land For Sale

      2 acres of land with high visibility at lighted intersection.
      70 South St, Hopkinton, MA 01748
      View Details
    • Contact for pricing

      Retail Storefront Near Marathon Start

      Retail storefront with high visibility and ample parking.
      66 Main Street | Hopkinton, MA 01748
      View Details
    • $929,000

      Land Available in Hopkinton

      Land for sale in Middlesex County, Hopkinton, Massachusetts.
      75 Wilson Street, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      46,857 SF

      Modern Office Building Near Downtown

      Modern office spaces with first-class finishes and convenient location.
      34 Hayden Rowe Street, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      2 SF

      Hopkinton Corner Lot Opportunity

      2.32 acre corner lot near Route 495.
      290 West Main Street, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      75,300 SF

      Downtown Hopkinton Mixed-Use Development

      New mixed-use development with retail and residential units.
      52 Main Street, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      115,970 SF

      Hopkinton Warehouse with Expansion Plans

      115,970 SF warehouse with expansion potential and heavy power.
      71 Frankland Rd, Hopkinton, MA
      View Details
    • Contact for pricing

      High-Visibility Corner Lot

      Agricultural zoned land with high traffic and easy access.
      52 School St, Hopkinton, MA
      View Details
    • Contact for pricing

      Prime Land Site on Route 135

      Desirable .75 acre land site in affluent Hopkinton, MA.
      83 E Main St, Hopkinton, MA
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 7.29 acre land site in affluent Hopkinton, MA.
    Where is this commercial land located?
    The property is located at 124 E Main St Hopkinton, MA.
    What are key features of this property?
    This property features: Prime +/-7.29 acre land site in affluent Hopkinton, MA.; Located in Commercial Subdistrict zone allowing for a variety of uses.; Abuts the newly developed Legacy Farms, an 800+ unit residential development.
    (508) 479-3287 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Victor Galvani
    Victor Galvani
    Real Estate License ID: MA 9​0​8​3​2​9​1
    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
    124 E Main St, Hopkinton, MA 01748
    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!