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    Woodhill Rd Monson, MA 01057
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    Woodhill Rd Monson, MA 01057

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    • Land
    • 4,878,720 SF
    • 112.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Woodhill Rd

    Lot size
    112.00 lot acres
    Property size
    4,878,720 SF
    Property type
    Land

    Description

    Exceptional opportunity to acquire 112 acres of prime residential land in Monson, Massachusetts. This expansive property, comprised of four separate parcels ranging from 15 to 40 acres, offers significant development potential. The land boasts approximately 1,500 feet of frontage, primarily flat terrain, making it ideal for various residential projects. Zoned for residential use, the property features existing electricity at the street. An artesian well is located on the site. Two of the parcels (40 and 15 acres) enjoy frontage on Woodhill Road. The seller is open to selling the parcels individually or as a whole. Enjoy the benefits of country living while maintaining convenient access to major transportation routes. The property is situated just 10 minutes from I-90, 30 minutes from Hartford, CT, and 20 minutes from Springfield, MA. Nearby amenities include campgrounds and hiking trails. Asking price is $999,000, or $8,920 per acre. The total square footage is 4,878,720, with a price per square foot of $0.20. This is a rare opportunity to acquire a substantial land holding in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monson
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.3594
    Latitude
    42.1027

    Comparable in this City

    • Value Estimation by Request
      576 SF

      97 Maxwell Rd

      CAMPGROUND, RV PARK • 576 SF
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      5.00 Acres

      Bliss St

      INDUSTRIAL - VACANT LAND • 5.00 Acres
      Bliss St, Monson, MA 01057
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    • Value Estimation by Request
      3.50 Acres

      Cushman St

      INDUSTRIAL - VACANT LAND • 3.50 Acres
      Cushman St, Monson, MA 01057
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    • Value Estimation by Request
      5.04 Acres

      Bethany Rd

      INDUSTRIAL - VACANT LAND • 5.04 Acres
      Bethany Rd, Monson, MA 01057
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    • Value Estimation by Request
      0.03 Acres

      Squier Ave

      VACANT COMMERCIAL LAND • 0.03 Acres
      Squier Ave, Monson, MA 01057
      View Details
    • Value Estimation by Request
      33.00 Acres

      26 Stafford Rd

      QUARRIES (SAND, GRAVEL, ROCK) • 1,512 SF
      26 Stafford Rd, Monson, MA 01057
      View Details

    Similar Nearby for Sale

    • $570,000

      Land for Sale

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    • $139,900
      4.50 Acres

      Monson Buildable Lots with Views

      Two buildable lots totaling 4.5 acres with scenic views.
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    • $90,000

      20 Acres on Route 32

      20 acres of land zoned commercial and residential rural.
      Palmer Rd, Monson, MA 01057
      View Details
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    Woodhill Rd
    Monson, MA 01057
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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
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