Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Upton Hill School Building Title is generated by Realmo AI

    13 Academy Hill Road, Westminster, MA 01473

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Historic landmark ideal for community use in Westminster, MA.

    Type:Multifamily
    Property size:
    6,400 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $54/SF
    Added:
    Mar 6, 2026
    Days on Market:
    75
    Last Refresh:
    Apr 5 at 11:01 pm

    Property Features for 13 Academy Hill Road

    General Information

    Standard status
    Active
    Size
    6,400 SF
    Lot size
    0.26 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1912

    We can help!

    Listing Contact
    Brendan Toohey
    Brendan Toohey

    Listing agent Brendan Toohey License #MA #9629048

    Listing office NAI Glickman Kovago & Jacobs

    Listing date Mar 6, 2026

    Source Naiglobal

    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 Glickman Kovago & Jacobs

    HighLights

    • Historic Landmark: Located in the Westminster Village Academy Hill Historic District, offering exceptional visibility.
    • Generous Space: Approximately 6,400 SF of above‑grade space, plus a 3,200 SF partially above‑grade basement.
    • Strategic Location: Close to Westminster village center and adjacent to Westminster Elementary School, with quick access to Route 2.
    • Adaptive Reuse Opportunity: Transform a historic community building in a desirable neighborhood.
    • Ideal for Community Use: Residential 1 zoning supports daycare/preschool, arts center, dance studio, or cultural venue.
    • Large Lot Size: Sits on an 11,511 SF lot.

    Overview

    The Upton Hill School Building, constructed in 1912, is a historic landmark situated on Academy Hill Road within the Westminster Village Academy Hill Historic District, a nationally recognized area on the National Register of Historic Places. The property offers approximately 6,400 square feet of above-grade space across two finished floors, plus a 3,200 square foot partially above-grade basement with natural light and development potential. The building sits on an 11,511 square foot lot directly adjacent to Westminster Elementary School, close to Westminster village center, and minutes from Route 2, providing excellent regional access. The Residential 1 zoning supports opportunities including daycare or preschool operations, arts center, dance studio, or cultural venue. This location provides easy access to local shops, dining, and community amenities, with Route 2 just minutes away for effortless commutes to surrounding areas and major destinations. This property offers a rare adaptive reuse opportunity to transform a beloved community institution in one of Westminster's most established and desirable historic neighborhoods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9087859
    Latitude
    42.5427973

    Nearby Similar for Sale

    • Contact for pricing
      104,300 SF

      Flex/Industrial Space on 33 Acres

      104,300 SF flex/industrial space with highway visibility.
      WESTMINSTER, MA 01473
      View Details
    • Contact for pricing
      162,020 SF

      Medical Office Campus in Westminster

      First-class medical office campus with expansion potential in Westminster, MA.
      50 Technology Dr, Westminster, MA
      View Details
    • $375,000

      Historic School Property For Sale

      Historic school property ideal for pre-school, lease to purchase option.
      13 Academy Hill Road, Westminster, MA 01473
      View Details

    FAQs

    What type of property is this?
    School - Historic landmark ideal for community use in Westminster, MA.
    Where is this school located?
    The property is located at 13 Academy Hill Road Westminster, MA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Historic Landmark: Located in the Westminster Village Academy Hill Historic District, offering exceptional visibility.; Generous Space: Approximately 6,400 SF of above‑grade space, plus a 3,200 SF partially above‑grade basement.; Strategic Location: Close to Westminster village center and adjacent to Westminster Elementary School, with quick access to Route 2.
    (508) 612-3025
    We can help!
    Listing Contact
    Brendan Toohey
    Brendan Toohey
    Real Estate License ID: MA #9629048
    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
    13 Academy Hill Road, Westminster, MA 01473
    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!