155 Otis St Northborough, MA 01532
- Office buildings
- 31,363 SF
- 6.53 lot acres
Current Use by Public Records
- Amrit Sabha Adult Day Care Center of MA / Adult Day Care Center
- ReMax First Choice: Fran Fracassi: Corporate HQ / Real Estate Agency
- Shri Radha Krishna Mandir / Hindu Temple
- Bertucci's Corporation / Restaurant
- Eastern Insurance Group LLC / Insurance Agency
Property Details for 155 Otis St
- Year built
- 1997
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.53 lot acres
- Property size
- 31,363 SF
- Zone code
- BS
- Property type
- Office buildings
- APN
- NBOR M:1100 L:0020
- APU
- NBORM1100L0020
Description
This exceptional two-story, 32,000 square foot Class B office building at 155 Otis Street in Northborough, Massachusetts, presents a unique investment opportunity. Built in 1997, the property boasts 12-foot ceilings and offers multiple tenancy options, with a minimum divisible space of 1,759 square feet and a maximum contiguous space of 16,396 square feet. Currently, 18,155 square feet of space is available for lease. The building features convenient amenities including an elevator, a ramp for accessibility, and a roll-up door. Ample parking is provided with a 3.33 spaces per 1,000 square feet parking ratio. Strategically located near the Northborough/Westborough town line, this property enjoys exceptional access to Route 9, providing easy east and westbound travel. Located in Worcester County, this property offers a prime location for businesses seeking efficient and well-appointed office space in a convenient and accessible location. The property's two suites offer flexibility for various business needs, making it an ideal choice for companies seeking a modern and functional workspace. This is a rare opportunity to secure high-quality office space in a desirable location. The zip code is 01532.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,610,000
- 6.5%
- $3,405,000
- 7%
- $3,730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,810,000
- Geo Method
- $3,600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,725,000
- Retail
- $3,870,000
- Mixed-Use
- $3,830,000
- Hospitality
- $4,080,000
- Educational
- $3,490,000
- Residential Income
- $3,825,000
- Energy
- $4,025,000
- Income-Based Land
- $3,890,000
- Food Service
- $3,285,000
Location Insight
- Map
- Local Demand
- City
- Northborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.657
- Latitude
- 42.2914
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
