Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3 Northeast Blvd Sterling, MA 01564
    Back to Search
    Property profile & analytics

    3 Northeast Blvd Sterling, MA 01564

    View on Map
    • Warehouses
    • 7,500 SF
    • 2.06 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3 Northeast Blvd

    Year built
    1995
    Lot size
    2.06 lot acres
    Property size
    7,500 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This 7,500-square-foot freestanding warehouse, situated on a 2.06-acre lot in Sterling, Massachusetts, presents a unique owner-user opportunity. Built in 1995, the single-story building boasts a 25-foot ceiling height and a clear span design, perfect for various industrial uses. The property includes one loading dock and ample parking, catering to efficient operations. Currently vacant, this property offers immediate occupancy. Located less than a mile from Interstate 190, it provides convenient access to Worcester County and the Route 2 Corridor, ensuring excellent regional connectivity. The building's previous use as a machine shop speaks to its structural integrity and suitability for similar manufacturing or warehousing applications. The asking price is $950,000, translating to $126.67 per square foot. This represents a rare opportunity to acquire a small, freestanding warehouse with significant parking in a desirable location. The property will be delivered vacant at closing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7387
    Latitude
    42.4534

    Comparable in this City

    • Value Estimation
      $2,905,000
      36,977 SF

      86 Leominster Rd, Unit 94

      WAREHOUSE, STORAGE • 36,977 SF
      86 Leominster Rd, Sterling, MA 01564-2114
      View Details
    • Value Estimation
      $505,000
      5,600 SF

      72 Pratts Jct Rd

      WAREHOUSE, STORAGE • 5,600 SF
      72 Pratts Jct Rd, Sterling, MA 01564-2304
      View Details
    • Value Estimation
      $690,000
      7,200 SF

      3 Spratt Technology Dr

      WAREHOUSE, STORAGE • 7,200 SF
      3 Spratt Technology Dr, Sterling, MA 01564
      View Details
    • Value Estimation
      $1,475,000
      49,200 SF

      1 Spratt Technology Dr

      WAREHOUSE, STORAGE • 49,200 SF
      1 Spratt Technology Dr, Sterling, MA 01564-2341
      View Details
    • Value Estimation by Request
      3,000 SF

      170 Pratts Jct Rd

      WAREHOUSE, STORAGE • 3,000 SF
      170 Pratts Jct Rd, Sterling, MA 01564-2373
      View Details
    • Value Estimation
      $780,000
      21,450 SF

      29 Legate Hl Rd

      WAREHOUSE, STORAGE • 21,450 SF
      29 Legate Hl Rd, Sterling, MA 01564-2369
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sterling Industrial Building For Sale

      15,000 SF industrial building on 2 acres in Sterling, MA.
      68 Pratts Junction Rd, Sterling, MA 01564
      View Details
    • $500,000
      0.00 Acres

      Mixed-Use Development Opportunity in Sterling

      5.3-acre mixed-use land parcel near Mt. Wachusett.
      223 Worcester Rd, Sterling, MA 01564
      View Details
    • $500,000

      Development Opportunity Near Mt. Wachusett

      Historic Sterling Inn and adjacent lot offer redevelopment potential.
      240 Worcester Rd, Sterling, MA 01564
      View Details
    • $500,000

      223 Worcester Rd, Sterling, MA 01564

      Land
      223 Worcester Rd, Sterling, MA 01564
      View Details
    • $500,000
      11,934 SF

      Sterling Inn Redevelopment Opportunity

      Historic Sterling Inn with redevelopment potential on 5.3 acres.
      240 Worcester Rd, Sterling, MA 01564
      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.
    3 Northeast Blvd
    Sterling, MA 01564
    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
    3 Northeast Blvd, Sterling, MA, 01564
    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!