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

    159 Hartford Ave Mendon, MA 01756

    • Office buildings
    • 2,032 SF
    • 2.35 lot acres
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1074514
    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

    • The Wozniak Law Group, P.C. / Employment Attorney / Family Law Attorney

    Property Details for 159 Hartford Ave

    Year built
    1850
    Construction
    FRAME
    Lot size
    2.35 lot acres
    Property size
    2,032 SF
    Zone code
    RES
    Property type
    Office buildings
    APN
    MEND M:14 B:140 P:159
    APU
    MENDM14B140P159

    Description

    This exceptional freestanding professional building, situated on a 2.35-acre lot at 159 Hartford Ave E in Mendon, MA, presents a remarkable investment opportunity. Its prime location, just two miles from Route 495 and with easy access to the Mass Pike, ensures high visibility and convenient access for clients and employees. The building features two separate units, each with its own entrance, offering flexibility for a variety of uses. Whether you're a single business looking to expand or two businesses seeking a shared space, this property caters to diverse needs. Each unit provides ample space for private offices and conference rooms, accommodating various business configurations. The building is fully ADA compliant, ensuring accessibility for all. Recent significant upgrades include a brand-new heating system installed in 2023 and the replacement of older windows with new, energy-efficient windows in the same year. Ample on-site parking is available for tenants and clients. This property is ideally suited for a range of professional services, including but not limited to accounting firms, insurance agencies, legal practices, engineering firms, medical offices, or yoga studios. Don't miss this chance to acquire a well-maintained, highly visible, and versatile commercial property in a desirable location. The asking price is $750,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mendon
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5002
    Latitude
    42.1027
    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
    $5,751
    $212,300
    $207,800
    $420,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $745,000
      4,113 SF

      25 Hastings St

      OFFICE BUILDING • 4,113 SF
      25 Hastings St, Mendon, MA 01756-1072
      View Details
    • Value Estimation
      $1,125,000
      7,368 SF

      82 Cpe Rd

      OFFICE BUILDING • 7,368 SF
      82 Cpe Rd, Mendon, MA 01756-1102
      View Details
    • Value Estimation by Request
      4,680 SF

      65 Cpe Rd

      OFFICE BUILDING • 4,680 SF
      65 Cpe Rd, Mendon, MA 01756-1117
      View Details
    • Value Estimation
      $625,000
      9,000 SF

      1 Emerson St

      OFFICE BUILDING • 9,000 SF
      1 Emerson St, Mendon, MA 01756-1273
      View Details
    • Value Estimation by Request
      1,184 SF

      17 Maple St

      OFFICE BUILDING • 1,184 SF
      17 Maple St, Mendon, MA 01756-1248
      View Details
    • Value Estimation by Request
      2,184 SF

      105 Uxbridge Rd

      OFFICE BUILDING • 2,184 SF
      105 Uxbridge Rd, Mendon, MA 01756-1223
      View Details

    Similar Nearby for Sale

    • $750,000

      Free Standing Professional Office Building

      High visibility location, perfect for various professional businesses.
      159 Hartford Ave E, Mendon, MA 01756
      View Details
    • $870,000

      Iconic Log Home on Route 16

      High-visibility property on Route 16 with commercial potential.
      105 Uxbridge Rd, Mendon, MA 01756
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    • $750,000
      2.35 Acres

      Mendon Professional Building - High Visibility

      Prime location, two units, ample parking, new HVAC & windows.
      159 Hartford Ave, Mendon, MA 01756
      View Details
    • $1,500,000

      Route 16 Commercial Land Opportunity

      6.5-acre commercial land with high visibility and accessibility.
      23 Uxbridge Rd, Mendon, MA 01756
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    • $1,500,000
      6 SF

      Mendon's Golden Mile Land Parcel

      6.5-acre commercial land with high visibility and accessibility.
      3 Hartford Ave W, Mendon, MA 01756
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      24,480 SF

      Hood Plaza: 1,000 SF Office Suite

      Mendon, MA Creative Office Space. Great location!
      32 Hastings St, Mendon, MA 01756
      View Details
    • $25 SF/Yr

      Retail/Professional Office Building For Lease

      2,500 SF free-standing building suitable for retail or professional office.
      1 Uxbridge Rd, Mendon, MA 01756
      View Details
    • Contact for pricing
      55,340 SF

      High-Visibility Mendon Development Site

      Prime Commercial Land, 55,340 SF, Route 140
      143 Hartford Ave, Mendon, MA 01756
      View Details
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    159 Hartford Ave
    Mendon, MA 01756
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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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