Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Corner Lot Opportunity Title is generated by Realmo AI

    879 Southbridge St, Auburn, MA 01501

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

    3.5-acre corner lot at signalized intersection for sale.

    Type:Land
    Lot size:
    3.50 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 10:53 pm

    Property Features for 879 Southbridge St

    General Information

    Standard status
    Active
    Lot size
    3.50 Acres
    Property subtype
    Land

    Building Details

    Year Built
    1967

    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 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

    • Premium 3.5‑acre corner lot.
    • Located at a signalized intersection.
    • High traffic count of 35,000 cars per day.
    • Located along the Rt. 12/20 Merge.
    • Located in the region with the highest traffic counts.
    • Property was built in 1967.

    Overview

    This property features a 3.5-acre corner lot situated at a signalized intersection. The location benefits from high traffic volume, with approximately 35,000 cars per day, due to its position along the Route 12/20 merge. This merge is less than a mile long, concentrating traffic in the immediate area.
    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
    -71.8749
    Latitude
    42.1753

    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
    • $1,290,000
      2,838 SF

      Auburn Warehouse and Furnished Office

      Operational warehouse and furnished office space for sale in Auburn.
      28 Appleton Rd, 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
    • Contact for pricing
      2,766 SF

      Burger King NNN Lease

      Net leased Burger King with 14 years remaining on lease.
      830 Southbridge St, 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
    • Contact for pricing
      120,000 SF

      120,000 SF Auburn Property

      120,000 SF Auburn property ideal for retail or industrial use.
      440 Washington 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
    • $3,000,000
      3 SF

      Prime Commercial Land Opportunity

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

    FAQs

    What type of property is this?
    Commercial land - 3.5-acre corner lot at signalized intersection for sale.
    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: Premium 3.5‑acre corner lot.; Located at a signalized intersection.; High traffic count of 35,000 cars per day.
    (774) 230-3448
    We can help!
    Listing Contact
    Michael C. Jacobs
    Michael C. Jacobs
    Real Estate License ID: 9058150
    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
    879 Southbridge St, Auburn, MA 01501
    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!