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    Property profile & analytics

    118 Tpke Rd Southborough, MA 01772-2130

    • Office buildings
    • 78,192 SF
    • 3.50 lot acres
    OFF-MARKET
    Value Estimation
    $3,495,000
    Last Sale
    Nov 08, 2021
    $3,475,000
    Location Intelligence
    Property ID
    US38-0162315
    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

    • FedEx Drop Box / Mailing Service
    • Ferris Development Group LLC / Real Estate Agency
    • Beehive Pros Commercial & Residential Services / Construction And Maintenance Office

    Property Details for 118 Tpke Rd

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    3.50 lot acres
    Property size
    78,192 SF
    Zone code
    BH
    Property type
    Office buildings
    APN
    SBOR M:037.0 B:0118 L:0004.0
    APU
    SBORM0370B0118L00040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,620,000
      6.5%
      $3,790,000
      7%
      $3,375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,925,000
      Geo Method
      $3,515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,705,000
      Retail
      $3,950,000
      Mixed-Use
      $3,355,000
      Hospitality
      $3,930,000
      Educational
      $3,180,000
      Residential Income
      $3,970,000
      Energy
      $3,735,000
      Income-Based Land
      $3,220,000
      Food Service
      $4,045,000

    Location Insight

    • Map
    • Local Demand
    City
    Southborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.513
    Latitude
    42.2912
    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
    $69,785
    $1,188,200
    $3,828,700
    $5,016,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,390 SF

      77 Tpke Rd

      OFFICE BUILDING • 5,390 SF
      77 Tpke Rd, Southborough, MA 01772-2110
      View Details
    • Value Estimation by Request
      8,880 SF

      304 Tpke Rd

      OFFICE BUILDING • 8,880 SF
      304 Tpke Rd, Southborough, MA 01772-1709
      View Details
    • Value Estimation by Request
      47,648 SF

      134 Tpke Rd

      OFFICE BUILDING • 47,648 SF
      134 Tpke Rd, Southborough, MA 01772-2136
      View Details
    • Value Estimation by Request
      41,077 SF

      153 Cordaville Rd

      OFFICE BUILDING • 41,077 SF
      153 Cordaville Rd, Southborough, MA 01772-1834
      View Details
    • Value Estimation by Request
      47,734 SF

      2 Park Central Dr

      OFFICE BUILDING • 47,734 SF
      2 Park Central Dr, Southborough, MA 01772-1777
      View Details
    • Value Estimation
      $4,705,000
      42,539 SF

      337 Tpke Rd

      OFFICE BUILDING • 42,539 SF
      337 Tpke Rd, Southborough, MA 01772-1760
      View Details

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      Route 9 Office Buildings

      Two standalone buildings with high-visibility signage on Route 9.
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      8,000 SF

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      Land near schools and town amenities in Southborough, Massachusetts.
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      Prime Framingham Location: Liquor License Transfer
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    Similar Nearby for Lease

    • Contact for pricing
      2,842 SF

      Class A Office Building

      50,000 SF office building with fitness facility.
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    • Contact for pricing
      2,260 SF

      Class A Office Space Available

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      View Details
    • Contact for pricing
      4,166 SF

      Class A Office Space Available

      72,000 SF Class A office space for lease.
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      View Details
    • Contact for pricing
      12,200 SF

      Southborough Industrial Flex Space

      12,200 SF Flex Space Available in MA
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    • Contact for pricing
      4,281 SF

      Southborough Office Space on Route 9

      Centrally located office space with high visibility on Route 9.
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    • $18 SF/Yr
      72,000 SF

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      Premium Office Space, Route 9 Access
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      View Details
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    Southborough, MA 01772-2130
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    Realmo Value Estimation

    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.

    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.

    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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