90-92-94 Main Street, Upton, MA 01568

Building Details

Building Size 5,040 SF More

Year Built 1927 More

Buildings 1 More

Listing Agency: Keller Williams Boston MetroWest

Listed By: THE LASH GROUP Show Phone

Source: Popularproperties

Added: Nov 7 Last Checked: Nov 8 at 9:57AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 5,040-square-foot automotive property at 90-92-94 Main Street in Upton has five overhead doors. The interior has space that could accommodate 6 automotive lifts, according to the stated property details.

The building dates to 1927 and is identified as being in downtown Upton. Zoning is listed as 1.

Key Highlights

• 5,040‑square‑foot automotive property
• Five large overhead doors
• Interior space with potential for 6 automotive lifts

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,528

Cap Rate

5.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,490,560 $1.5M

Cap Rate 7%

$1,064,686 $1.1M

Cap Rate 9%

$828,089 $828.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,040 SF

Gross rent

$108.9K $21.60/SF

− Vacancy

−$2.4K −$0.48/SF

EGI

$106.5K $21.12/SF

− OpEx

−$31.9K −$6.34/SF

NOI

$74.5K $14.79/SF

Area

Worcester County, MA

Vacancy

2.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,490,560

Cap Rate 7%

$1,064,686

Cap Rate 9%

$828,089

Alternative Uses

Best Use

Retail

$1.06M

$931.6K – $1.24M (±1% cap)

NOI $74,528 @ 7.0% cap · market cap 5.32%

Second Best

Industrial

$657.3K

$575.1K – $766.8K (±1% cap)

NOI $46,009 @ 7.0% cap · market cap 3.29%

Theoretical Best

Office A

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,476 @ 7.0% cap · market cap 8.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm HVAC Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

130

Businesses Nearby

12k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Dunkin' Donuts Dining

11,663 visits/mo 0.3 miles

Demographics for 01568, MA

7,900

Population

2,947

Households

2.7

Avg Household Size

43

Median Age

53%

College-Educated

98%

High-School Grad

21.2 sq mi

ZIP Area

373

Density / Sq Mi

$161,429

Median Household Income

$60,682

Median Earnings

$558,600

Median Home Value

Market

Properties on Market for Auto shops in Worcester County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

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Two-Unit Duplex

55 School Street, Upton, MA 01568

$575,000

2,974 SF

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Two-Story Specialty Property

87 Shannon Way, Upton, MA 01568

$640,000

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Similar Off Market Nearby

• Wilson's Tire & Auto Service Center — 90 Main St, Upton, MA 01568
• Ma State Inspection Tires Auto Service — Hartford Ave N, Upton, MA 01568
• Trinity Motorcycle Service — 83 Main St, Upton, MA 01568
• Global Truck Traders — 24 ma-140, upton, ma 01568
• MGM Auto Repair — 14 Main St, Upton, MA 01568

Frequently Asked Questions

What type of property is this?

Auto shop - Interior space is configured with room for automotive lifts and accommodates a range of vehicle-related operations.

Where is this auto shop located?

The property is located at 90-92-94 Main Street Upton, MA.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 5,040‑square‑foot automotive property; Five large overhead doors; Interior space with potential for 6 automotive lifts