Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Flanders Rd Westborough, MA 01581-1035

    • Life science properties
    • 79,143 SF
    • 9.92 lot acres
    OFF-MARKET
    Value Estimations
    $2,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0639215
    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

    • Life science properties

    Property Details for 120 Flanders Rd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    9.92 lot acres
    Property size
    79,143 SF
    Zone code
    IB
    Property type
    Life science properties
    APN
    WBOR M:0029 B:00107A L:0
    APU
    WBORM0029B00107AL0

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
      $4,345,000
      Current use
      AUTO REPAIR, GARAGE
      $4,040,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Westborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5738
    Latitude
    42.277
    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
    $156,110
    $1,790,800
    $7,722,300
    $9,513,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,675,000
      58,750 SF

      125 Nn Dr

      R&D FACILITY, LABS, PHARMA • 58,750 SF
      125 Nn Dr, Westborough, MA 01581-3335
      View Details
    • Value Estimation
      $2,395,000
      50,772 SF

      400 Friberg Pkwy

      R&D FACILITY, LABS, PHARMA • 50,772 SF
      400 Friberg Pkwy, Westborough, MA 01581-3955
      View Details
    • Value Estimation
      $12,525,000
      237,337 SF

      9 Technology Dr

      R&D FACILITY, LABS, PHARMA • 237,337 SF
      9 Technology Dr, Westborough, MA 01581-1794
      View Details
    • Value Estimation
      $11,465,000
      99,160 SF

      600 Friberg Pkwy

      R&D FACILITY, LABS, PHARMA • 99,160 SF
      600 Friberg Pkwy, Westborough, MA 01581-3924
      View Details
    • Value Estimation
      $3,615,000
      86,032 SF

      3400 Computer Dr

      R&D FACILITY, LABS, PHARMA • 86,032 SF
      3400 Computer Dr, Westborough, MA 01581-1771
      View Details
    • Value Estimation
      $1,675,000
      40,095 SF

      2400 Computer Dr

      R&D FACILITY, LABS, PHARMA • 40,095 SF
      2400 Computer Dr, Westborough, MA 01581-1887
      View Details

    Similar Nearby for Sale

    • New
      $3,500,000
      4,648 SF

      Former Equestrian Property on 24 Acres

      Unique equestrian property with farmhouse and outbuildings on 24 acres.
      64 Arch St, Westborough, MA 01581
      View Details
    • $6,200,000
      13,330 SF

      Commercial Office Building on 4.5 Acres

      Commercial office building with development potential on 4.5 acres.
      222 Turnpike Rd, Westborough, MA 01581
      View Details
    • $1,850,000

      Commercial Land Available

      Commercial land for sale on Main Street.
      85 E Main St, Westborough, MA 01581
      View Details
    • Contact for pricing
      3,960 SF

      Westborough Office Building For Sale

      3,960 SF office building with 8 parking spaces.
      32-36 Milk St, Westborough, MA 01581
      View Details
    • Contact for pricing
      39,000 SF

      Class A Office Building

      Premium office space in Westborough, near major routes.
      116 Flanders Rd, Westborough, MA 01581
      View Details
    • $3,500,000
      16,327 SF

      Westborough Mixed-Use Portfolio

      29 Units, 7.77% Cap Rate, High NOI
      44 South St, Westborough, MA 01581
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      23,400 SF

      Westborough Warehouse Space Available

      Industrial warehouse space, multiple tenants.
      125 Flanders Rd, Westborough, MA 01581
      View Details
    • Contact for pricing
      85,092 SF

      Westborough Industrial Space Available

      85,092 SF industrial space for lease in Westborough, MA.
      125 Fisher St, Westborough, MA 01581
      View Details
    • $29 SF/Yr
      103,000 SF

      Westborough Industrial Space Available

      Modern warehouse, flexible lease options, prime location.
      111 Milk Street, Westborough, MA 01581, Westborough, MA 01581
      View Details
    • Contact for pricing
      16,370 SF

      Westborough Industrial/Flex Space Available

      Adaptable industrial/flex space in a prime commercial location.
      74 Otis St, Westborough, MA 01581
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      5,000 SF

      Westborough Flex Space For Rent

      5,000 SF flex space with loading dock access.
      145 Flanders Rd, Westborough, MA 01581
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Flanders Rd
    Westborough, MA 01581-1035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!