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    Holden Commercial Redevelopment Opportunity Title is generated by Realmo AI

    30 Salisbury St, Holden, MA

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    Versatile property with redevelopment potential in a high-traffic location.

    Type:RETAIL
    Property size:
    11,284 SF
    Lot size:
    2.96 Acres
    Price / SF:
    $150/SF
    Added:
    Feb 6, 2025
    Days on Market:
    485
    Last Refresh:
    May 20 at 9:34 pm

    Property Features for 30 Salisbury St

    General Information

    Standard status
    Active
    Size
    11,284 SF
    Lot size
    2.96 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Michael C. Jacobs
    Michael C. Jacobs

    Listing agent Michael C. Jacobs License #9058150

    Listing office NAI Glickman Kovago & Jacobs

    Listing date Feb 6, 2025

    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 Glickman Kovago & Jacobs

    HighLights

    • Prime location at a signalized intersection with high visibility and traffic (over 20,000 daily count) and excellent highway access (I‑190 and I‑290).
    • Significant acreage (8.42 acres) and commercial space (44,834 SF) across multiple parcels, allowing for diverse redevelopment possibilities.
    • Flexible zoning (retail, office, mixed‑use, residential) with potential for special permits (gas stations, light industrial, cluster housing).
    • Located in an affluent market with high median household income ($129,201) and homeownership rates (85.6%), indicating strong demand.
    • Ideal for developers, investors, and owner‑users seeking income‑generating opportunities or transformative projects with expansion potential.
    • Historically significant property, home to Sunnyside Ford for 102 years, adding to its appeal and community recognition.

    Overview

    This commercial property is located at the signalized intersection of Main Street (Route 122A) and Salisbury Street in Holden, MA, offering accessibility to I-190 and I-290. The site spans 8.42 acres and includes 44,834 square feet of commercial space across multiple parcels, accommodating diverse redevelopment possibilities. The property is zoned for a variety of uses, including retail, office, mixed-use developments, and residential (R10), with potential for special permits for gas stations, light industrial, and cluster housing. Daily traffic counts exceed 20,000. The property is situated in a high-income community with a median household income of $129,201 and high homeownership rates (85.6%). The property has been home to Sunnyside Ford for 102 years. The site allows for expansion, reconfiguration, or entirely new concepts. It is located in one of Central Massachusetts' most desirable suburban markets, surrounded by a growing retail, dining, and business presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 783 Main St, Holden, MA 01520

    Location Insight

    • Map
    • Local Demand
    City
    Holden
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8509
    Latitude
    42.3427

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    FAQs

    What type of property is this?
    Automotive property - Versatile property with redevelopment potential in a high-traffic location.
    Where is this automotive property located?
    The property is located at 30 Salisbury St Holden, MA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime location at a signalized intersection with high visibility and traffic (over 20,000 daily count) and excellent highway access (I‑190 and I‑290).; Significant acreage (8.42 acres) and commercial space (44,834 SF) across multiple parcels, allowing for diverse redevelopment possibilities.; Flexible zoning (retail, office, mixed‑use, residential) with potential for special permits (gas stations, light industrial, cluster housing).
    (508) 753-9100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael C. Jacobs
    Michael C. Jacobs
    Real Estate License ID: 9058150
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    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
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