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

    123 Washington St Holliston, MA 01746-1328

    • Manufacturing properties
    • 34,331 SF
    • 2.49 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2024
    $3,150,000
    Value Estimations
    $3,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0125874
    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

    • Design Shop Solutions / Machine Workshop / Plastic Injection Molding Service
    • House Painting Commercial Painter Paulo Sousa / Painter
    • Holliston Glass & Mirror Inc. / Glass & Mirror Shop / Home Improvement Store
    • Loco Coffee / Beverage Distributor
    • UPS Authorized Shipping Outlet / Mailing Service / Shipping Service

    Property Details for 123 Washington St

    Year built
    1957
    Lot size
    2.49 lot acres
    Property size
    34,331 SF
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    HOLL M:012 B:0001 L:0060
    APU
    HOLLM012B0001L0060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,150,000
      ML approach
      $3,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,109,000
      Market price range: $2.94M - $8.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    Holliston
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4139
    Latitude
    42.217
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    $24,811
    $665,600
    $981,900
    $1,647,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      61,100 SF

      465 Hopping Brk Rd

      MANUFACTURING (LIGHT) • 61,100 SF
      465 Hopping Brk Rd, Holliston, MA 01746-3407
      View Details
    • Value Estimation
      $515,000
      16,590 SF

      241 Kuniholm Dr

      MANUFACTURING (LIGHT) • 16,590 SF
      241 Kuniholm Dr, Holliston, MA 01746-1390
      View Details
    • Value Estimation
      $775,000
      25,791 SF

      16 Everett St

      MANUFACTURING (LIGHT) • 25,791 SF
      16 Everett St, Holliston, MA 01746-1783
      View Details
    • Value Estimation
      $775,000
      31,500 SF

      161 Kuniholm Dr

      MANUFACTURING (LIGHT) • 31,500 SF
      161 Kuniholm Dr, Holliston, MA 01746-1763
      View Details
    • Value Estimation
      $350,000
      10,800 SF

      100 Kuniholm Dr

      MANUFACTURING (LIGHT) • 10,800 SF
      100 Kuniholm Dr, Holliston, MA 01746-1359
      View Details
    • Value Estimation
      $670,000
      35,748 SF

      55 Whitney St

      MANUFACTURING (LIGHT) • 35,748 SF
      55 Whitney St, Holliston, MA 01746-1785
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,007 SF

      Holliston Flex/Industrial Property For Sale

      Flex/industrial property featuring warehouse and manufacturing space in Holliston, MA.
      132 Hopping Brook Rd, Holliston, MA 01746
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      Holliston Industrial/Flex Space Opportunity

      16,700 SF Holliston industrial property for sale.
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    • New
      $450,000
      0.00 Acres

      Holliston, MA Four Acre Parcel

      Four acre parcel with approved ANR plan in Holliston.
      Hanlon Rd, Holliston, MA 01746
      View Details
    • $875,000
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      Holliston Commercial Building - Prime Location

      Two Office Spaces, Downtown Holliston
      19 Exchange St, Holliston, MA 01746
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      Turnkey Holliston Multifamily Investment Property

      Four-unit multifamily property in Holliston with immediate income potential.
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      Established Shopping Plaza For Sale

      Shopping plaza with long-term tenants and value-add potential.
      461 Washington St, Holliston, MA 01746
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      10,000 SF

      Holliston Industrial/Manufacturing Shell Space

      10,000 SF shell space ideal for industrial or manufacturing.
      551 Concord St, Holliston, MA 01746
      View Details
    • $10 SF/Yr
      42,460 SF

      Holliston Warehouse/Manufacturing/Flex Space Available

      Modern Holliston property with versatile configurations and convenient location.
      91 Kuniholm Dr, Holliston, MA 01746
      View Details
    • $10 SF/Yr
      31,500 SF

      Holliston Industrial Space for Lease

      Warehouse/industrial spaces available for lease in established industrial park.
      161 Kuniholm Dr, Holliston, MA 01746
      View Details
    • $16 SF/Yr
      2,500 SF

      Flex/Industrial Space in Holliston

      2,500 SF flex/industrial space in established Hopping Brook Park.
      330 Hopping Brook Rd, Holliston, MA 01746
      View Details
    • Contact for pricing
      5,500 SF

      Holliston Flex/Industrial Space For Rent

      Flex/industrial space in well-established park, convenient location.
      150 Kuniholm Dr, Holliston, MA 01746
      View Details
    • Contact for pricing
      1,595 SF

      Holliston Flex/Industrial Space For Rent

      Flex/industrial space for rent with loading dock access.
      210 Kuniholm Dr, Holliston, MA 01746
      View Details
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    123 Washington St
    Holliston, MA 01746-1328
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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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