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Property profile & analytics
OFF-MARKET Estimated value $950,000
Commercial real estate

162 Cordaville Rd Southborough, MA 01772-1838

5,680 SF 10.52 ac lot Built 1998
Entity Owned 26-yr Hold ~ Est. High Equity
Property ID
US38-1298032
Property summary
AI-generated overview

Town Center, a Class A retail property in Worcester County's The Boroughs submarket, offers a prime 1,813 square foot retail or medical office space for lease. Located at the intersection of Route 85 and Route 9, this easily accessible location provides excellent visibility and convenience for commuters traveling between Hopkinton, Southborough, Boston, and Worcester. The property consists of two single-story buildings totaling 32,610 square feet, encompassing fifteen suites. Currently, 1,813 square feet are vacant and immediately available. This space represents the minimum divisible unit, and the maximum contiguous space available is also 1,813 square feet. Built in 1998, the property sits on 10 acres of land and features ample parking, enhancing the shopping experience for customers. The center boasts upgraded pylon signage, ensuring high visibility for tenants. The property is designed for walkability, creating a welcoming and convenient atmosphere. This is an exceptional opportunity for businesses seeking a well-maintained, highly visible location within a thriving community. The property offers a blend of retail and office space, making it suitable for a variety of uses. The absence of elevators is noted.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 5,680 SF
Lot 10.52 ac (458,251 SF)
Zoning code I
APN SBOR M:028.0 B:0000 L:0017.0
UPID US38-1298032
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Yama Fuji Asian Cuisine Restaurant
  • Hashtag Beauty Lounge Hair Salon
  • Eros Gourmet Pizza & Deli Restaurant
  • Karma Chiropractic Alternative Medicine Practice
  • Sandy's School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
$790k
Comparable Approach Comparable
$973k
Blend (final) Blend
$950k
Owner & transaction history
Cordaville Assoc LLC · 26 yrs held
Cordaville Assoc LLC
since 1999
2 recorded transactions
1999
$5.3M
1997
$725,000
Zoning & alternative use
I · Southborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.1M +71.3%
Retail stores $890,000 +42.6%
Auto repair, garage $870,000 +39.4%
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