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    130 Market Dr Athol, MA 01331

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    For Lease
    Contact for pricing

    Grocery-anchored retail center; spaces available.

    Lot size:
    26,000 SF

    Property Features for 130 Market Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,000 SF

    Building Details

    Year Built
    2019

    Spaces For Lease

    at 130 Market Dr, Athol, MA 01331 Contact us

    We can help!

    Listing Contact
    Michael Benoit

    Listing Agency: Vantage Point Retail Listing Agent: Michael Benoit

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

    Learn more

    Overview

    North Quabbin Commons offers exceptional retail space in a thriving, regional shopping center. This 26,000 square foot strip center, built in 2019, boasts a prime location just off Route 2, Exit 77, with a highly visible, signalized entrance. Currently, two spaces are available, ranging from 1,600 to 2,200 contiguous square feet, with a maximum of 2,200 square feet available. The center features a strong tenant mix, including major anchors such as Market Basket, Marshalls, Hobby Lobby, Pet Supplies Plus, Athol Cinemas 8, and Tully Family Medicine & Walk-in Care, ensuring high foot traffic and visibility for your business. The unfinished interior space provides flexibility for tenant build-out, allowing customization to meet specific needs. In addition to the available inline spaces, a pad site of up to 3,400 square feet with drive-thru potential is also available, presenting a unique opportunity for businesses requiring this amenity. The center's seven total suites offer a diverse range of retail, restaurant, entertainment, and service options, creating a vibrant and attractive shopping destination.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Nail Salon Auto Parts Store Department Store Skin Care Clinic Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Athol
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.1845149
    Latitude
    42.5788638

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail Space in Athol

      Street-facing retail space in vibrant downtown Athol, Massachusetts.
      98 Exchange St, Athol, MA 01331
      View Details
    • Contact for pricing
      2,200 SF

      New Retail Development in Athol

      Retail space available in new shopping center development.
      130-184 Market Dr, Athol, MA
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Grocery-anchored retail center; spaces available.
    Where is this neighborhood center located?
    The property is located at 130 Market Dr Athol, MA.
    What are key features of this property?
    This property features: 26,000 SF retail strip center with 7 suites.; Two spaces available, 1,600-2,200 SF each.; Grocery-anchored center with strong national tenants including Market Basket, Marshalls, and Hobby Lobby.
    (413) 478-4416 Call to check price and availability
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    130 Market Dr Athol, MA 01331
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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
    130 Market Dr Athol, MA 01331
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Benoit
    (413) 478-4416 (413) 543-3072
    Learn more
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