107 Otis St Northborough, MA 01532-2459
Property profile & analytics
107 Otis St Northborough, MA 01532-2459
- Office buildings
- 21,338 SF
- 7.35 lot acres
Property ID
US38-1520620
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.
Location Intelligence
Current Use by 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
Property Details for 107 Otis St
- Year built
- 1985
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 7.35 lot acres
- Property size
- 21,338 SF
- Zone code
- BS
- Property type
- Office buildings
- APN
- NBOR M:1050 L:0047
- APU
- NBORM1050L0047
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,120,000
- ML approach
- $2,015,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,580,000
- AI Estimate
- $1,484,000
Market price range: $1.58M - $4.50MMarket price range: $1.14M - $3.75M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,900,000 Current use
- RETAIL STORES
- $3,350,000 Change: +15% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $3,275,000 Change: +13% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,695,000 Change: -7% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,560,000 Change: -12% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,350,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Northborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.6546
- Latitude
- 42.2898
- 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
$28,590
$0.00
$2,002,100
$2,002,100
-
$0.00
$0.00
$0.00
