Technical
Financial
Distress signals
Property profile

160 Otis St C2 Northborough, MA 01532

OFF-MARKET
Commercial real estate
Property ID
US38-1699588
26,320 SF 3.49 ac lot Built 2005
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 26,320 SF
Lot 3.49 ac (152,024 SF)
Zoning code BS
APN NBOR M:1050 L:0027-1000
UPID US38-1699588

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • General Contractor Renovation Specialist
  • Storage Facility
  • Construction Company
  • Construction Company

Location

160 Otis St, Unit C2 Northborough, MA 01532-2458
Northborough metro Census 740101 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.67M
Blend (final) Blend
$3.24M

Owner & transaction history

since 2020
Last sale
$2.2M
6 recorded transactions
2020
$2.2M
2017
$2.7M
2005
$1.5M
2005
Price N/A
1999
Price N/A
1999
$285,000

Zoning & alternative use

BS · Northborough, MA
Zoning description

no use variance for a marijuana establishment, medical marijuana treatment center, or sale of marijuana accessories shall be permitted. Table 1. Table of Uses. Part B. Commercial and Industrial Districts. USES DB BE BW B…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $4.0M +39.4%
Office building $3.6M +23.6%
Neighborhood: shopping center $3.3M +14.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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