Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23 Water St Holliston, MA 01746
    Back to Search
    Property profile & analytics

    23 Water St Holliston, MA 01746

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fair Roofing & Gutters / Roofing Company / General Contractor
    • SDB Accounting & Tax Services / Accounting Firm / Tax Preparation
    • Voltz Stephen / Law Firm
    • Inside Out Communications Inc / Marketing & Advertising / Advertising Agency
    • Barbara Fritts, Ph.D. Licensed Psychologist / Physician / Medical Clinic

    Property Details for 23 Water St

    Property type
    Office properties & Spaces

    Description

    This exceptional Holliston, MA office property, located at 23 Water Street, 01746, offers three available suites within a traditional two-story building. Each suite provides flexible space ranging from 140 to 340 square feet, ideal for small businesses or individual professionals. The property features a single building with multiple tenancies, allowing for a diverse and collaborative environment. Tenants have the option to install air conditioning units at their own expense. This presents a unique opportunity to customize your workspace to meet your specific needs and preferences. A significant incentive is available for tenants committing to a one-year pre-paid lease

    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
    -71.4265
    Latitude
    42.1975

    Comparable in this City

    • Value Estimation
      $605,000
      6,975 SF

      70 Bartzak Dr, Unit 2

      CONDOMINIUM OFFICES • 6,975 SF
      70 Bartzak Dr, Holliston, MA 01746-1375
      View Details
    • Value Estimation
      $655,000
      9,254 SF

      70 Bartzak Dr, Unit 1

      CONDOMINIUM OFFICES • 9,254 SF
      70 Bartzak Dr, Holliston, MA 01746-1375
      View Details
    • Value Estimation by Request
      4,114 SF

      838th Washington St838r

      CONDOMINIUM OFFICES • 4,114 SF
      838th Washington St838r, Holliston, MA 01746-1632
      View Details
    • Value Estimation by Request
      4,341 SF

      838 Washington St

      CONDOMINIUM OFFICES • 4,341 SF
      838 Washington St, Holliston, MA 01746-3600
      View Details
    • Value Estimation by Request

      90 Central St

      Coworking space
      90 Central St, Holliston, MA 01746
      View Details
    • Value Estimation by Request

      24 Water St

      Distribution properties
      24 Water St, Holliston, MA 01746
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Holliston Mixed-Use Investment Opportunity

      Rare 8-unit mixed-use building in Holliston's Central Business District.
      800 Washington St, Holliston, MA 01746
      View Details
    • $400,000
      4.08 Acres

      Holliston Land Parcel For Sale

      Four-acre Holliston parcel with approved ANR plan.
      Hanlon Rd, Holliston, MA 01746
      View Details
    • Contact for pricing
      19,007 SF

      Holliston Flex/Industrial Property For Sale

      Flex/industrial property featuring warehouse and manufacturing space in Holliston, MA.
      132 Hopping Brook Rd, Holliston, MA 01746
      View Details
    • $1,100,000
      2,900 SF

      Well-Maintained Four-Family Home

      Four-family home in a great neighborhood, ideal for investment.
      48 N Mill St, Holliston, MA 01746
      View Details
    • $350,000
      9.81 Acres

      Holliston, MA: 9+ Acre Parcel

      9+ acre parcel in Holliston, MA with endless possibilities.
      Hill St, Holliston, MA 01746
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Holliston Office Space For Lease

      9,345 SF office space available in established park setting.
      84 October Hill Rd, Holliston, MA 01746
      View Details
    • $650 /Mo

      Office Space with Utilities Included

      Office space for rent including utilities. Discount for upfront payment.
      13 Water St, Holliston, MA 01746
      View Details
    • Contact for pricing
      900 SF

      Stand Alone Building Space Available

      Retail and office space available in Holliston neighborhood plaza.
      410 Washington St, Holliston, MA 01746
      View Details
    • $650 /Mo

      Affordable Office Space For Rent

      Office space available for rent, utilities included.
      13 Water St, Holliston, MA 01746
      View Details
    • Contact for pricing
      2,500 SF

      Flex/Industrial Space in Holliston

      2,500 SF flex/industrial space in established Hopping Brook Park.
      330 Hopping Brook Rd, Holliston, MA 01746
      View Details
    • 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
    Request Owner's contact information
    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.
    23 Water St
    Holliston, MA 01746
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23 Water St, Holliston, MA, 01746
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!