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    50 Rigby St Clinton, MA 01510-1841

    • Auto shops
    • 2,640 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1472343
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 50 Rigby St

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    0.69 lot acres
    Property size
    2,640 SF
    Property type
    Auto shops
    APN
    CLIN M:0131 B:2456 L:0000
    APU
    CLINM0131B2456L0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $324,000
      Market price range: $202k - $643k
      AI Estimate
      $220,000
      Market price range: $142k - $386k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6974
    Latitude
    42.4223
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,058
    $94,660
    $91,400
    $186,060
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      2,544 SF

      291 Berlin St

      AUTO REPAIR, GARAGE • 2,544 SF
      291 Berlin St, Clinton, MA 01510-3903
      View Details
    • Value Estimation
      $145,000
      2,700 SF

      64 Pln St

      AUTO REPAIR, GARAGE • 2,700 SF
      64 Pln St, Clinton, MA 01510-1624
      View Details
    • Value Estimation
      $280,000
      1,740 SF

      70 Rigby St

      AUTO REPAIR, GARAGE • 1,740 SF
      70 Rigby St, Clinton, MA 01510
      View Details
    • Value Estimation
      $290,000
      2,000 SF

      676 High St

      AUTO REPAIR, GARAGE • 2,000 SF
      676 High St, Clinton, MA 01510-1214
      View Details
    • Value Estimation
      $285,000
      784 SF

      546 Main St, Unit 556

      AUTO REPAIR, GARAGE • 784 SF
      546 Main St, Clinton, MA 01510-2414
      View Details
    • Value Estimation
      $290,000
      1,990 SF

      678 Main St

      AUTO REPAIR, GARAGE • 1,990 SF
      678 Main St, Clinton, MA 01510-2430
      View Details

    Similar Nearby for Sale

    • $549,000
      1,794 SF

      Clinton MA Auto Shop - Main St

      High-traffic location, 1794 sq ft auto shop
      678 Main St, Clinton, MA 01510
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    • $1,200,000
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      Clinton Retail/Industrial Property

      High-traffic location, 2,178 sq ft, 80 parking spaces
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    • $1,200,000

      Former Restaurant in Prime Location

      Commercial building in high-traffic area, suitable for various ventures.
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    • $88,400

      Cleared Lot Near UMass

      Cleared lot in Clinton, close to services and UMass.
      51 Rigby St, Clinton, MA 01510
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    • $499,900

      Move-In Ready Clinton Home

      Three-bedroom, two-bath home zoned as a two-family property.
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    • $299,999
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      Prime Clinton Commercial Property

      High-traffic location, ideal for retail.
      382 Water St, Clinton, MA 01510
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Clinton Center

      Retail space available in a grocery-anchored shopping center.
      1175 Main St, Clinton, MA 01510
      View Details
    • $1.00 SF/Yr

      Commercial Land For Rent

      Commercial land available for rent.
      111 Adams St, Clinton, MA 01510
      View Details
    • Contact for pricing
      456,393 SF

      Industrial Space Near Major Highways

      47,000 SF industrial space available for lease.
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      View Details
    • Contact for pricing
      79,798 SF

      Clinton Warehouse - 79,798 SF

      Large Industrial Warehouse, Prime Location
      3R Green St, Clinton, MA 01510
      View Details
    • $5 SF/Yr
      30,900 SF

      Clinton Warehouse Space for Lease

      Warehouse space available in Clinton, MA, with heavy power.
      56 Sterling St, Clinton, MA 01510
      View Details
    • Contact for pricing
      50,000 SF

      Prime Clinton Warehouse Space

      50,000 SF Warehouse - Immediate Occupancy
      1R Green St, Clinton, MA 01510
      View Details
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    Clinton, MA 01510-1841
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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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