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    189 Main St, Unit B201 Middleton, MA 01949-2526

    • Office Properties & Spaces
    • 628 SF
    OFF-MARKET
    Last Sale
    Dec 11, 2020
    $2,096,000
    Value Estimations
    $1,840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1943638
    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

    • Williams & Sparages / Surveyor / Civil Engineer
    • New England Professional Home Healthcare & Transportation / Home Health Care Service
    • New York Life / Financial Planner
    • Winfrey's Fudge & Chocolates / Candy Store
    • Hayward Financial, LLC / Financial Planner

    Property Details for 189 Main St

    Year built
    2020
    Construction
    STEEL FRAME
    Property size
    628 SF
    Zone code
    B
    Property type
    Office Properties & Spaces
    APN
    MIDD M:0029 A B:0000 L:6201 B
    APU
    MIDDM0029AB0000L6201B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,840,000
      ML approach
      $1,710,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleton
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0036
    Latitude
    42.5811
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    $1,465
    $0.00
    $124,300
    $124,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      128,100 SF

      15 Manning Ave

      Office space • 128,100 SF
      15 Manning Ave, Middleton, MA 01949
      View Details
    • Value Estimation
      $435,000
      8,159 SF

      191 Main St

      CONDOMINIUM OFFICES • 8,159 SF
      191 Main St, Middleton, MA 01949-2514
      View Details
    • Value Estimation
      $360,000
      5,328 SF

      5 Birch Rd

      OFFICE BUILDING • 5,328 SF
      5 Birch Rd, Middleton, MA 01949-2261
      View Details
    • Value Estimation
      $295,000
      2,461 SF

      69 Main St

      MEDICAL BUILDING • 2,461 SF
      69 Main St, Middleton, MA 01949-2213
      View Details
    • Value Estimation
      $390,000
      3,855 SF

      11 Ee St

      MEDICAL BUILDING • 3,855 SF
      11 Ee St, Middleton, MA 01949-1506
      View Details
    • Value Estimation
      $1,900,000
      6,600 SF

      4 Forms Way

      OFFICE BUILDING • 6,600 SF
      4 Forms Way, Middleton, MA 01949-2472
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      3.38 Acres Zoned Light Industrial

      3.38 acres of M1 zoned land for sale.
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      Spacious Two-Family Home with Pool

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      Retail Property on Main Street

      Retail property for sale, 17,000 square feet in Middleton.
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    • $849,900

      Industrial Condo with High Ceilings

      Warehouse space with offices, Route 114 accessibility.
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    Similar Nearby for Lease

    • $2,000 /Mo
      1,500 SF

      Turn Key Office Space

      Office space for rent in a high traffic area.
      181 S Main St, Middleton, MA 01949
      View Details
    • $3,000 /Mo

      Route 114 Office Space

      Second-floor office space with open areas, private offices, conference room.
      189 North Main St, Middleton, MA 01949
      View Details
    • $12 SF/Yr

      Stand Alone Building on Rte 114

      Two-story building on Rte 114 available for lease.
      106 S Main St Rte, Middleton, MA 01949
      View Details
    • $2,200 /Mo

      Middleton Office Space For Rent

      Professional office space available for immediate occupancy in Middleton, MA.
      171 N Main St, Middleton, MA 01949
      View Details
    • $46 SF/Yr
      10,973 SF

      Prime Middleton Office Space

      Modern Executive Suites & Coworking
      35 Village Rd 100, Middleton, MA 01949
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    • $18 SF/Yr

      Spacious First-Floor Office Suite

      1,850 SF office suite with private entrance and parking.
      191 South Main 104, Middleton, MA 01949
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    189 Main St, Unit B201
    Middleton, MA 01949-2526
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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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