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

    879 Southbridge St Auburn, MA 1501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,000,000

    3-acre corner lot ideal for retail or multifamily development.

    Type:Land
    Property size:
    3 SF
    Added:
    Nov 21, 2025
    Days on Market:
    133
    Last Refresh:
    Dec 3 at 5:41 am

    Property Features for 879 Southbridge St

    General Information

    Standard status
    Active
    Size
    3 SF
    Property subtype
    Land

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    Michael Pizzagoni

    Listing agent Michael Pizzagoni

    Listing office

    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 Michael Pizzagoni

    Overview

    Prime Commercial Land Opportunity

    This 3.5-acre corner lot is located at a signalized intersection along the Route 12/20 merge, where traffic counts reach 35,000 cars per day. This commercial thoroughfare connects communities from the south and west to the north and east. The property is less than 1 mile from the Route 290/395 interchange and 1.3 miles from the Mass Pike. The flat lot has all utilities available. Over 600 multi-family housing units are under construction with an access road to the new neighborhood directly across the street. The site, which has been a landmark restaurant for over 65 years, is suitable for retail, medical, multifamily, and most other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Royal Image Barber Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8749311
    Latitude
    42.1753481

    Nearby Similar for Sale

    • $950,000
      1,000 SF

      Retail Building on Southbridge Street

      Retail building for sale in a high-traffic location.
      718 Southbridge St, Auburn, MA 01501
      View Details
    • $2,450,000
      19,438 SF

      Auburn Office Building Investment Opportunity

      19,438 SF Auburn property with leasing and owner-occupier potential.
      421 Washington St, Auburn, MA 01501
      View Details
    • $950,000
      960 SF

      Retail Building on Southbridge Street

      Retail building for sale on a large lot.
      718 Southbridge St, Auburn, MA 01501
      View Details
    • $500,000
      5,000 SF

      Auburn Land for Industrial Development

      Prime land in Auburn, MA, ideal for industrial development.
      402 Washington Street, Auburn, MA 01501
      View Details
    • $1,750,000

      Auburn Commercial Lot on Route 12

      Cleared, paved 1-acre lot ideal for retail or commercial development.
      510 Southbridge Street, Auburn, MA 01501
      View Details
    • $3,000,000

      Prime Corner Lot Opportunity

      3.5-acre corner lot at signalized intersection for sale.
      879 Southbridge St, Auburn, MA 01501
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Auburn Property on Rt 20

      120,000 SF property with prime location and easy highway access.
      440 Washington St, Auburn, MA 01501
      View Details
    • $4,950,000
      31,395 SF

      Prime Retail Investment Opportunity

      Exceptional retail property in Auburn's premier retail corridor.
      470 Southbridge St, Auburn, MA
      View Details
    • $1,750,000

      Auburn Retail/Commercial Lot For Sale

      Cleared, paved 1+/- acre lot ideal for retail development.
      510 Southbridge Street, Auburn, MA 01501
      View Details
    • $2,250,000

      Burger King NNN Investment Opportunity

      Net leased Burger King with 14 years remaining on lease.
      830 Southbridge St, Auburn, MA 01501
      View Details
    • Contact for pricing

      Prime Development Site For Sale

      Approximately 12-acre development site at Rt 12 and Rt 20.
      809 Southbridge St, Auburn, MA 01501
      View Details
    • Contact for pricing

      Prime Development Site on Rt 12

      12-acre development site at the intersection of Rt 12 and Rt 20.
      Southbridge St, Auburn, MA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3-acre corner lot ideal for retail or multifamily development.
    Where is this commercial land located?
    The property is located at 879 Southbridge St Auburn, MA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Prime 3.5‑acre corner lot at a signalized intersection; High traffic volume: 35,000 cars per day; Excellent highway access: Less than 1 mile to Rt. 290/395 interchange and 1.3 miles to Mass Pike
    (774) 230-3448
    We can help!
    Listing Contact
    Michael Pizzagoni
    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!