Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    28 Curtis Hill Rd Charlton, MA 01507

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    68-lot proposed subdivision in Charlton, convenient to major routes.

    Property size:
    134 SF
    Lot size:
    134.71 Acres

    Property Features for 28 Curtis Hill Rd

    General Information

    Size
    134 SF
    Lot size
    134.71 Acres
    Source: Naiglobal

    Listing Agent: James Glickman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charlton Subdivision Land Opportunity

    Curtis Hill Estates is a proposed 68-lot subdivision located in Charlton, off Route 31. The location provides convenient access to local amenities, including Harrington Health Care, Spencer State Forest Park, Bay Path Vocational Technical, and Charlton Middle School. The site offers scenic views and convenient commuting options to Worcester or Boston, with the Mass Pike and Route 20 situated less than 3 miles away. The location of the subdivision allows for quick travel to major roadways such as I-90 (Mass Pike), I-84, I-290, I-395, and Route 20, facilitating travel in any direction within the state. The property size is 134 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Hotel & Motel Kitchen & Bath Electrical Service Plumbing Service Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlton
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9820406
    Latitude
    42.1771161

    Nearby Similar for Sale

    • $675,000
      2,674 SF

      Established Restaurant Property For Sale

      Restaurant with outdoor patio, volleyball courts, and high visibility.
      443 Worcester Rd, Charlton, MA 01507
      View Details
    • $695,000

      Versatile Medical Building with Parking

      Commercial property in the center of town with exceptional visibility.
      61 North Main St, Charlton, MA 01507
      View Details
    • $450,000

      Historic Charlton Church Conversion Opportunity

      Unique 2,257 SF commercial property with historic character and high visibility.
      16 Stafford St, Charlton, MA 01507
      View Details
    • $945,000

      Route 20 Commercial Property

      Highly visible commercial property on Route 20 in Charlton, MA.
      71 Worcester Rd, Charlton, MA 01507
      View Details
    • $599,900

      Multi-Unit Property with Barn & Pool

      Unique property featuring apartments, barn, pool, and more.
      40 Carroll Hill Rd, Charlton, MA 01507
      View Details
    • $2,225,000

      Charlton Multifamily Investment Opportunity

      15-unit multifamily property in Charlton, MA with recent upgrades.
      29 Ramshorn Rd, Charlton, MA 01507
      View Details

    FAQs

    What type of property is this?
    Land - 68-lot proposed subdivision in Charlton, convenient to major routes.
    Where is this land located?
    The property is located at 28 Curtis Hill Rd Charlton, MA.
    What are key features of this property?
    This property features: - Proposed 68-lot subdivision in Charlton.; - Easy access to I-90 (Mass Pike), I-84, I-290, I-395, and Route 20.; - Convenient commute to Worcester and Boston.
    (508) 769-5007
    Request Owner's contact information
    28 Curtis Hill Rd Charlton, MA 01507
    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.
    28 Curtis Hill Rd
    Charlton, MA 01507
    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.

    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
    28 Curtis Hill Rd Charlton, MA 01507
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.