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    58 High St Clinton, MA 01510
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    58 High St Clinton, MA 01510

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    • Retail properties & Spaces
    • 29,953 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Remix Community Seventh-Day Adventist Church / Church

    Property Details for 58 High St

    Year built
    1971
    Property size
    29,953 SF
    Property type
    Retail properties & Spaces

    Description

    The Strand Theatre, a landmark property at 58 High Street in Clinton, Massachusetts (zip code 01510), presents a unique investment opportunity. This vacant retail space, totaling 29,953 square feet, boasts a rich history, having originally been constructed in 1924. Its prominent location on High Street places it within Clinton's revitalized downtown area, surrounded by a thriving mix of retail businesses, residential units, and professional offices, including the popular Clinton's Bar & Grill. The building's historical significance is undeniable, and it has played a vital role in the town's cultural identity. Recognizing this importance, both the Town of Clinton and the State of Massachusetts have made available incentives to support the redevelopment of this iconic theatre and its stunning marquee. Detailed information regarding these incentives can be furnished upon request. This property offers a rare chance to acquire a substantial retail space in a vibrant, growing community, with the added benefit of potential redevelopment incentives. The building was constructed in 1971. This presents a significant opportunity for a buyer to create a truly unique and impactful commercial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6852
    Latitude
    42.4171

    Comparable in this City

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      830 Main St

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      $1,410,000
      34,006 SF

      280 High St

      DEPARTMENT STORE • 34,006 SF
      280 High St, Clinton, MA 01510-2532
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      $3,080,000
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      720 Main St

      DEPARTMENT STORE • 14,434 SF
      720 Main St, Clinton, MA 01510-2430
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      $2,825,000
      13,242 SF

      792 Main St

      DEPARTMENT STORE • 13,242 SF
      792 Main St, Clinton, MA 01510-1608
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    • Value Estimation by Request
      0.15 Acres

      27 Water St, Unit 35

      PARKING LOT • 0.15 Acres
      27 Water St, Clinton, MA 01510-2019
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      2,544 SF

      291 Berlin St

      AUTO REPAIR, GARAGE • 2,544 SF
      291 Berlin St, Clinton, MA 01510-3903
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      Clinton Multi-Family Investment Opportunity

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      Clinton Main Street Commercial Property

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    Similar Nearby for Lease

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      Retail Space in Clinton Center

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    • $2,500 /Mo

      Renovated Retail Space in Clinton

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      Renovated Retail Space in Clinton

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      Retail Space on High Street

      650 SF retail space with full basement for rent.
      60 High St, Clinton, MA 01510
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    • $750 /Mo

      Finished Basement Space For Rent

      Finished basement space suitable for various business ventures.
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    Clinton, MA 01510
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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.

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