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    24 Water St Holliston, MA 01746
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    24 Water St Holliston, MA 01746

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    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Crafty Dork Designs / Clothing Store
    • Window Services Inc / Hardware & Home Improvement / Interior Design
    • OutCast Lures / Industrial Manufacturer / Production Facility
    • Jeff Adams Photography / Media Distribution
    • Holliston Mill Studios / Art Studio

    Property Details for 24 Water St

    Property type
    Warehouses
    Property subtype
    Office properties & Spaces

    Description

    24 Water Street, Holliston, offers exceptional office and warehouse space in Middlesex County. This multi-tenant property features two available suites, ranging from 360 to 445 square feet, ideal for small businesses or startups. The building's convenient location just off Routes 16 and 126 provides easy access to downtown Holliston and offers scenic views of the Holliston walking trail. Tenants can enjoy the convenience of on-site air conditioning units, installed at tenant expense. A significant incentive is available: a 10% discount on annual rent for tenants who prepay their rent for the entire year. This presents a unique opportunity to secure affordable and well-situated commercial space in a desirable location. The property is classified as both office and industrial, catering to a variety of business needs. The flexible suite sizes allow for adaptability to different business requirements. The building's proximity to major roadways ensures excellent accessibility for employees, clients, and deliveries. This is an excellent opportunity for businesses seeking a blend of office and warehouse space in a vibrant and accessible location. The attractive rental discount further enhances the value proposition for prospective tenants. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Holliston
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4266
    Latitude
    42.1976

    Comparable in this City

    • Value Estimation
      $1,230,000
      12,000 SF

      215 Hopping Brk Rd

      WAREHOUSE, STORAGE • 12,000 SF
      215 Hopping Brk Rd, Holliston, MA 01746-1456
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    • Value Estimation
      $965,000
      7,200 SF

      50 Bartzak Dr

      WAREHOUSE, STORAGE • 7,200 SF
      50 Bartzak Dr, Holliston, MA 01746-1375
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    • Value Estimation
      $9,360,000
      106,448 SF

      350 Hopping Brk Rd

      WAREHOUSE, STORAGE • 106,448 SF
      350 Hopping Brk Rd, Holliston, MA 01746-1458
      View Details
    • Value Estimation
      $2,985,000
      37,520 SF

      56 Boynton Rd

      WAREHOUSE, STORAGE • 37,520 SF
      56 Boynton Rd, Holliston, MA 01746-1459
      View Details
    • Value Estimation by Request
      76,960 SF

      220 Hopping Brk Rd

      WAREHOUSE, STORAGE • 76,960 SF
      220 Hopping Brk Rd, Holliston, MA 01746-1455
      View Details
    • Value Estimation
      $3,045,000
      44,550 SF

      56 Lowland St

      WAREHOUSE, STORAGE • 44,550 SF
      56 Lowland St, Holliston, MA 01746-2029
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Holliston Flex/Industrial Property For Sale

      Flex/industrial property featuring warehouse and manufacturing space in Holliston, MA.
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      Holliston Mixed-Use Investment Opportunity

      Rare 8-unit mixed-use building in Holliston's Central Business District.
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    • $1,100,000
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      Well-Maintained Four-Family Home

      Four-family home in a great neighborhood, ideal for investment.
      48 N Mill St, Holliston, MA 01746
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    • $1,100,000
      2,900 SF

      Well-Maintained Four-Family Home

      Four-unit property in a desirable neighborhood with ample parking.
      48 N Mill St, Holliston, MA 01746
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    • $350,000
      9.81 Acres

      Holliston, MA: 9+ Acre Parcel

      9+ acre parcel in Holliston, MA with endless possibilities.
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    • $400,000
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      Holliston Land Parcel For Sale

      Four-acre Holliston parcel with approved ANR plan.
      Hanlon Rd, Holliston, MA 01746
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    Similar Nearby for Lease

    • $10 SF/Yr
      31,500 SF

      Holliston Industrial Space for Lease

      Warehouse/industrial spaces available for lease in established industrial park.
      161 Kuniholm Dr, Holliston, MA 01746
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    • Contact for pricing
      5,500 SF

      Holliston Flex/Industrial Space For Rent

      Flex/industrial space in well-established park, convenient location.
      150 Kuniholm Dr, Holliston, MA 01746
      View Details
    • Contact for pricing
      42,460 SF

      Holliston Warehouse/Manufacturing/Flex Space Available

      Modern Holliston property with versatile configurations and convenient location.
      91 Kuniholm Dr, Holliston, MA 01746
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    • Contact for pricing
      10,000 SF

      Holliston Industrial/Manufacturing Shell Space

      10,000 SF shell space ideal for industrial or manufacturing.
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      Holliston Flex/Industrial Space For Rent

      Flex/industrial space for rent with loading dock access.
      210 Kuniholm Dr, Holliston, MA 01746
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    • $650 /Mo
      85,813 SF

      Holliston Commercial Space For Rent

      Commercial flex space available for rent in Holliston, MA.
      13 Water St, Holliston, MA 01746
      View Details
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    Holliston, MA 01746
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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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