Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    59-61 Auburn St Auburn, MA 01501

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    59-61 Auburn St Auburn, MA 01501

    View on Map
    • Retail properties & Spaces
    • 12,488 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 59-61 Auburn St

    Year built
    1925
    Property size
    12,488 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This 1,100 square foot executive office suite is located at 59-61 Auburn Street in the Drury Square Plaza, Auburn, MA. The suite, part of a well-maintained multi-tenant building, features a fresh coat of paint, new carpeting, and abundant natural light from large windows. It comprises one large open space and one private office, ideal for a variety of professional uses. The building offers ample on-site surface parking in a secure lot. The Drury Square Plaza is conveniently situated at the intersection of Auburn Street and Southbridge Street (Route 12), providing easy access to Route 290, the Mass Pike, Route 20, and Route 146, as well as local retail amenities. The building is zoned LB - Local Business and is a Class C property built in 1925. The total building size is 12,488 square feet, with this being the only available suite within the building. Current tenants include Auburn Town Pizza, Hair Expressions, Auburn Vision Center, and Isaac's Alterations. This is a single suite within a larger multi-tenant building. The property offers a great opportunity for a business seeking a well-located, updated office space in a thriving community. The property is in Worcester County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8345
    Latitude
    42.207

    Comparable in this City

    • Value Estimation
      $955,000
      13,352 SF

      470 Southbridge St

      DEPARTMENT STORE • 13,352 SF
      470 Southbridge St, Auburn, MA 01501-2442
      View Details
    • Value Estimation
      $1,265,000
      21,687 SF

      2 Washington St

      DEPARTMENT STORE • 21,687 SF
      2 Washington St, Auburn, MA 01501-3012
      View Details
    • Value Estimation by Request
      720 SF

      496 Washington St

      DEPARTMENT STORE • 720 SF
      496 Washington St, Auburn, MA 01501-2709
      View Details
    • Value Estimation by Request
      7,200 SF

      65 Ww St

      DEPARTMENT STORE • 7,200 SF
      65 Ww St, Auburn, MA 01501-1301
      View Details
    • Value Estimation
      $560,000
      9,844 SF

      4 Johnson St

      DEPARTMENT STORE • 9,844 SF
      4 Johnson St, Auburn, MA 01501-2236
      View Details
    • Value Estimation
      $575,000
      3,020 SF

      769 Washington St

      DEPARTMENT STORE • 3,020 SF
      769 Washington St, Auburn, MA 01501-1883
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Lot Opportunity

      3.5-acre corner lot with high traffic counts.
      879 Southbridge St, Auburn, MA 01501
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Auburn Property on Rt 20

      120,000 SF property with prime location and easy highway access.
      440 Washington St, Auburn, MA 01501
      View Details
    • $2,450,000

      Auburn Office Building Investment Opportunity

      19,438 SF Auburn property with leasing and owner-occupier potential.
      421 Washington St, Auburn, MA 01501
      View Details
    • $1,290,000

      Auburn Warehouse and Furnished Office

      Operational warehouse and furnished office space for sale in Auburn.
      28 Appleton Rd, Auburn, MA 01501
      View Details
    • Contact for pricing
      19,438 SF

      Auburn Office Building For Sale

      19,438 SF office building in Auburn, Massachusetts.
      421 Washington St, Auburn, MA 01501
      View Details
    • $1,290,000
      0.46 Acres

      Auburn Commercial Property: High Visibility Location

      Prime Commercial Real Estate: High Traffic Area
      28 Appleton Rd, Auburn, MA 01501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Auburn, Massachusetts.
      385 Southbridge St, Auburn, MA 01501
      View Details
    • $4,000 /Mo
      2,558 SF

      Auburn Commercial Space on Route 20

      Flexible 2,500 SF commercial space with high visibility and access.
      3 Jacobson Dr, Auburn, MA 01501
      View Details
    • $4,000 /Mo
      2,558 SF

      Flexible Commercial Space on Route 20

      2,500 sq ft Auburn building, ideal for retail/office.
      8 Washington St, Auburn, MA 01501
      View Details
    • Contact for pricing
      1,100 SF

      Auburn Office Suite For Rent

      Professional office suite available in Auburn, Massachusetts with ample parking.
      59-61 Auburn St, Auburn, MA 01501
      View Details
    • Contact for pricing

      Auburn Office Space Available

      Office units for lease in Auburn, Massachusetts.
      421 Washington St, Auburn, MA 01501
      View Details
    • Contact for pricing
      8,000 SF

      Auburn Warehouse/Office Space Available

      Warehouse/office space for lease with flexible uses and convenient location.
      17 Saint Mark St, Auburn, MA 01501
      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.
    59-61 Auburn St
    Auburn, MA 01501
    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
    59-61 Auburn St, Auburn, MA, 01501
    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!