Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    290 West Main Street Hopkinton, MA 1748

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.32 acre corner lot near Route 495.

    Type:Land
    Property size:
    2 SF
    Added:
    Nov 21, 2025
    Days on Market:
    132
    Last Refresh:
    Mar 30 at 10:52 pm

    Property Features for 290 West Main Street

    General Information

    Standard status
    Active
    Size
    2 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Marilyn Santiago

    Listing agent Marilyn Santiago

    Listing office NAI | Parsons Commercial Group - Boston

    Listing date Nov 21, 2025

    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 | Parsons Commercial Group - Boston

    Overview

    Hopkinton Corner Lot Opportunity

    The property, formerly a garden center for over 35 years, is a 2.32 acre corner lot located at 290 West Street in Hopkinton, Massachusetts. Situated at a lighted intersection, the property offers high visibility and accessibility. It is conveniently located 1.4 miles from Route 495, providing connectivity while maintaining a rural charm. The property has over 200 feet of frontage and a traffic count of over 13,000 ADT. The area is known for its business community, quality of life, and demographics. The location provides access to major highways. Nearby attractions include the Boston Marathon starting line and Hopkinton State Park. The zoning is Agricultural (A) District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Building Supply Big Box & Wholesale Store Hotel & Motel Department Store Accounting Firm Garden Center Electrical Service Cafe & Coffee Shop Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.5696
    Latitude
    42.1993

    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
    • 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
      66,024 SF

      Hopkinton Flex Space Opportunity

      Flex space available near I-495 and Mass Pike.
      45 South 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?
    Land - 2.32 acre corner lot near Route 495.
    Where is this land located?
    The property is located at 290 West Main Street Hopkinton, MA.
    What are key features of this property?
    This property features: **2.32± acre corner lot at a lighted intersection for maximum visibility and accessibility.**; Located 1.4 miles from Route 495, providing exceptional connectivity.; High‑visibility location with over 200' of frontage.
    (508) 271-9230
    We can help!
    Listing Contact
    Marilyn Santiago
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!