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    132 Turnpike Rd Southborough, MA 01772
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    Property profile & analytics

    132 Turnpike Rd, Southborough, MA 01772

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    • Office buildings
    • 71,634 SF
    • 5.00 lot acres
    For Lease
    $9,825,000
    View Listing →
    Class A Office Space Available For Lease
    $9,825,000
    4,166 SF

    Class A Office Space Available

    72,000 SF Class A office space for lease.

    132 Turnpike Rd, Southborough, MA
    View Listing
    Property ID
    US38-0955600
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fusion Group / Accounting Firm / Tax Preparation
    • Global Atlantic Financial Group / Financial Advisor
    • Block Engineering / Engineer / Corporate Office
    • Drug Rehab and Addiction Treatment in Massachusetts at Northstar Recovery Center / Medical Clinic
    • Courier Service Bocsit / Trucking Company

    Property Details for 132 Turnpike Rd

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.00 lot acres
    Property size
    71,634 SF
    Zone code
    BH
    Property type
    Office buildings
    APN
    SBOR M:037.0 B:0000 L:0028.0
    APU
    SBORM0370B0000L00280

    Description

    This three-story, 72,223-square-foot Class A office building in Southborough, MA's The Boroughs submarket offers a unique blend of medical and creative office space. Built in 2004 and extensively renovated in 2019, the property boasts 8 suites across one building, with 17,864 square feet currently available for lease. Situated on a picturesque 5-acre campus overlooking the Sudbury Reservoir, the building features high ceilings, large windows, prominent signage, a fitness center, secured access, and ample on-site parking (255 spaces). The property benefits from local ownership and on-site property management, including 24-hour on-call service. Tenants enjoy a strong co-tenant mix within the Reservoir Nine Office Park, and convenient access to a nearby retail center featuring various dining and shopping options, including Starbucks, Cold Stone Creamery, and more. One available space totals 4,166 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,358,000
      Market price range: $5.31M - $15.1M
      AI Estimate
      $6,817,000
      Market price range: $1.57M - $9.38M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,740,000
      Current use
      RESTAURANT
      $13,505,000
      Change: +39% Conversion: Moderate
      RETAIL STORES
      $11,240,000
      Change: +15% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $10,990,000
      Change: +13% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $9,040,000
      Change: -7% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $8,595,000
      Change: -12% Conversion: Easy
      COMMERCIAL (GENERAL)
      $7,885,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Southborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5154
    Latitude
    42.2914
    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
    $117,299
    $1,699,800
    $6,732,900
    $8,432,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $825,000
      5,390 SF

      77 Tpke Rd

      OFFICE BUILDING • 5,390 SF
      77 Tpke Rd, Southborough, MA 01772-2110
      View Details
    • Value Estimation
      $1,520,000
      8,880 SF

      304 Tpke Rd

      OFFICE BUILDING • 8,880 SF
      304 Tpke Rd, Southborough, MA 01772-1709
      View Details
    • Value Estimation
      $6,655,000
      47,648 SF

      134 Tpke Rd

      OFFICE BUILDING • 47,648 SF
      134 Tpke Rd, Southborough, MA 01772-2136
      View Details
    • Value Estimation
      $3,060,000
      22,104 SF

      11 Main St

      OFFICE BUILDING • 22,104 SF
      11 Main St, Southborough, MA 01772-1661
      View Details
    • Value Estimation
      $715,000
      3,297 SF

      14 Main St

      OFFICE BUILDING • 3,297 SF
      14 Main St, Southborough, MA 01772-1614
      View Details
    • Value Estimation
      $4,590,000
      82,261 SF

      120 Tpke Rd

      OFFICE BUILDING • 82,261 SF
      120 Tpke Rd, Southborough, MA 01772-2127
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,148 SF

      Route 9 Office Buildings

      Two standalone buildings with high-visibility signage on Route 9.
      71-73 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing

      Route 9 Industrial Investment

      15,500 SF light industrial building on 3.81 acres.
      251 Turnpike Rd, Southborough, MA 01772
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      Route 9 Commercial Land Parcels

      Two parcels on Route 9 approved for 40,000 SF building.
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      Southborough Land Near Town Commons

      Land near schools and town amenities in Southborough, Massachusetts.
      1 Sears Rd, Southborough, MA 01772
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    Similar Nearby for Lease

    • Contact for pricing
      4,166 SF

      Class A Office Space Available

      72,000 SF Class A office space for lease.
      132 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      4,673 SF

      Class A Office Building

      50,000 SF office building with fitness facility.
      134 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      9,244 SF

      Class A Office Space Available

      Class A office building near Route 9 and I-495.
      2 Park Central Dr, Southborough, MA 01772
      View Details
    • Contact for pricing

      Flex, Industrial, and Office Space

      Flex, industrial, and office spaces available for lease.
      200 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      4,256 SF

      Southborough Office Space on Route 9

      Centrally located office space with high visibility on Route 9.
      257 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing

      Southborough Warehouse Space for Lease

      Warehouse space with highway access and convenient amenities.
      21 Turnpike Rd, Southborough, MA 01772
      View Details
    View Listing
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    Southborough, MA 01772
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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.

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