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    Property profile & analytics
    OFF-MARKET Estimated value $2,110,000
    Office buildings

    107 Otis St, Northborough, MA 01532-2459

    21,338 SF 7.35 ac lot Built 1985
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US38-1520620
    Property summary
    AI-generated overview

    This exceptional two-story medical office building, located at 107 Otis Street in Northborough, Massachusetts, presents a unique investment opportunity. Boasting 21,700 square feet of space, the building sits on a generous 7.35 acres of land and is conveniently zoned BS, Industrial District (APN: NBOR-001050-000000-000047). Constructed in 1986 and renovated in 2001, the Class B building offers multiple tenancy options with two spaces currently available, ranging from 5,245 to 10,850 square feet. The property features a desirable 13-foot ceiling height throughout, providing ample space and flexibility for various medical practices. Ample parking is provided with 76 spaces available for tenants and visitors. The building is equipped with elevators for convenient access to both floors. Its location in Worcester County, Massachusetts, offers easy access to major transportation routes and a thriving community. This property is an ideal choice for medical professionals seeking a well-maintained, spacious, and conveniently located office space in a desirable area. The property's size and features make it suitable for a variety of medical practices or a single large tenant. The ample parking and convenient location are key advantages for both patients and staff. This is a rare opportunity to acquire a well-established medical office building in a prime location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 21,338 SF
    Lot 7.35 ac (320,166 SF)
    Zoning code BS
    APN NBOR M:1050 L:0047
    UPID US38-1520620
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sanders Bathroom Remodeling of Northborough Renovation Specialist General Contractor
    • M D Dental Ceramics Studio Dental Office
    • Stephanie Bejtlich, MS Physician
    • Sri Shirdi Sai Baba Temple Temple
    • Meg Favulli Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.02M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.58M
    Blend (final) Blend
    $2.11M
    Owner & transaction history
    2 Miraan LLC · 4 yrs held
    2 Miraan LLC
    since 2021
    Last sale
    $2.2M
    6 recorded transactions
    2025
    2021
    $2.2M
    2020
    2005
    $1
    2004
    2000
    Zoning & alternative use
    BS · Northborough, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $3.4M +15.4%
    Auto repair, garage $3.3M +12.8%
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