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

    1 Oak St Westborough, MA 01581-2655

    • Super regional malls
    • 35,200 SF
    • 6.00 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2023
    $1,850,000
    Value Estimations
    $1,695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0420704
    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

    • Super regional malls

    Property Details for 1 Oak St

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    6.00 lot acres
    Property size
    35,200 SF
    Zone code
    BA
    Property type
    Super regional malls
    APN
    WBOR M:0034 B:000112 L:0
    APU
    WBORM0034B000112L0

    Description

    This exceptional retail opportunity is located at 9 West Plaza, 1 Oak Street, Westborough, MA 01581. The property boasts a total of 35,779 square feet and features a single suite currently available, totaling 2,839 square feet. Situated on Route 9, a major east-west commuting route and retail corridor in Massachusetts, this location offers unparalleled visibility and accessibility. The property benefits from its strategic position, just 2 miles west of I-495 and 2.75 miles northwest of I-90 (the Mass Pike), ensuring convenient access for customers and employees. The center enjoys a strong tenant mix, including established businesses such as Chipotle, PetMedic, Jersey Mike's, FedEx, and Smileland Pediatric Dentistry & Braces, creating a vibrant and attractive retail environment. The property provides ample parking, with a ratio of 4.6 spaces per 1,000 square feet. This high-traffic location in Worcester County presents a remarkable chance to establish or expand a retail business in a thriving commercial center. The available space is ideal for a variety of retail uses and offers excellent potential for growth and success. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,625,000
      ML approach
      $1,955,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,906,000
      Market price range: $809k - $1.91M

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

    Location Insight

    • Map
    • Local Demand
    City
    Westborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6087
    Latitude
    42.2867
    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
    $99,502
    $1,834,200
    $4,229,300
    $6,063,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $560,000
      20,348 SF

      76 Otis St

      REGIONAL SHOPPING CENTER, MALL • 20,348 SF
      76 Otis St, Westborough, MA 01581-3315
      View Details
    • Value Estimation
      $1,250,000
      29,448 SF

      227-229 Tpke Rd

      REGIONAL SHOPPING CENTER, MALL • 29,448 SF
      227-229 Tpke Rd, Westborough, MA 01581
      View Details
    • Value Estimation
      $580,000
      12,445 SF

      122 Tpke Rd

      REGIONAL SHOPPING CENTER, MALL • 12,445 SF
      122 Tpke Rd, Westborough, MA 01581-2854
      View Details
    • Value Estimation
      $300,000
      4,569 SF

      38 Lyman St

      REGIONAL SHOPPING CENTER, MALL • 4,569 SF
      38 Lyman St, Westborough, MA 01581-1419
      View Details
    • Value Estimation
      $470,000
      10,630 SF

      45 Main St

      REGIONAL SHOPPING CENTER, MALL • 10,630 SF
      45 Main St, Westborough, MA 01581-1486
      View Details
    • Value Estimation
      $750,000
      59,705 SF

      276 Tpke Rd

      REGIONAL SHOPPING CENTER, MALL • 59,705 SF
      276 Tpke Rd, Westborough, MA 01581-2857
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,773 SF

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      Westborough Mixed-Use Portfolio

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    • $2,400,000

      2.14 Acres on Route 9

      2.14 acres of flat land with 558' frontage.
      196 Turnpike Rd, Westborough, MA 01581
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    • $6,200,000
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      Commercial Office Building on 4.5 Acres

      Commercial office building with development potential on 4.5 acres.
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    • $765,000
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      Westborough Office Building For Sale

      3,960 SF office building with 8 parking spaces.
      32-36 Milk St, Westborough, MA 01581
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    • $1,850,000

      Commercial Land Available

      Commercial land for sale on Main Street.
      85 E Main St, Westborough, MA 01581
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,388 SF

      Westborough Shopping Center Retail Space

      Established shopping center with high traffic and easy access.
      166 Milk St, Westborough, MA 01581
      View Details
    • Contact for pricing
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      Retail Space in Bay State Commons

      Retail space available in planned mixed-use Westborough development.
      600 Union St, Westborough, MA 01581
      View Details
    • $31 SF/Yr
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      Route 9 Westborough Retail Space

      750 SF Retail Space Available Now
      210 Turnpike Rd, Westborough, MA 01581
      View Details
    • $16 SF/Yr
      6,400 SF

      Retail End Cap on Route 9

      Street retail end cap in Westborough's Belmont Plaza.
      276 Turnpike Rd, Westborough, MA 01581
      View Details
    • $1,750 /Mo
      943 SF

      Retail/Office Space For Rent

      943+/- SF retail/office space available for rent.
      3 Union St, Westborough, MA 01581
      View Details
    • $20 SF/Yr
      13,284 SF

      Westborough Retail/Industrial Flex Space

      14,000 SF retail/industrial flex space on 2.3 acres.
      233 Turnpike Rd, Westborough, MA 01581
      View Details
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    Westborough, MA 01581-2655
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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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