Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    176 Main St Westborough, MA 01581
    Back to Search
    Property profile & analytics

    176 Main St Westborough, MA 01581

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US38-2269578
    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

    • Commercial real estate

    Property Details for 176 Main St

    Property type
    Commercial real estate

    Description

    This exceptional two-story office building, located at 176 E Main St in Westborough, Massachusetts, presents a fantastic opportunity for businesses seeking a convenient and well-situated space. The property boasts a total of 2,803 square feet of vacant office space, perfect for multiple tenants. Situated in Worcester County, this traditional office building offers a prime location, just two miles from Route 495 and conveniently close to Routes 9 and 30, making it highly accessible for commuters. The building's single structure comprises two stories, providing ample space for various business needs. Its strategic location offers easy access to a variety of restaurants and shopping amenities, enhancing the convenience and appeal for employees and clients alike. The rental rate is $20 per square foot, plus electricity and gas. This is an excellent opportunity to establish a presence in a thriving Westborough business community. The property's zip code is 01581. The building's address is 176 E Main St, Westborough, MA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Westborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5966462
    Latitude
    42.2873943

    Comparable in this City

    • Contact for pricing

      Versatile Office Space in Westborough

      Adaptable office space with abundant natural light and convenient access.
      8 Church St, Westborough, MA 01581
      View Details
    • Contact for pricing
      5,090 SF

      Westborough Office Building For Rent

      Two-story office building in Westborough, near I-495 and Mass Turnpike.
      2400 Computer Dr, Westborough, MA 01581
      View Details
    • Contact for pricing
      62,000 SF

      Westborough Office/Lab/Biotech Opportunity

      Large contiguous space suitable for office, lab, or biotech uses.
      4400 Computer Dr N, Westborough, MA 01581
      View Details
    • Contact for pricing
      13,805 SF

      Westborough Flex Space with Visibility

      Office/flex property with Route 495 visibility and easy access.
      40 Washington St, Westborough, MA 01581
      View Details
    • Contact for pricing
      30,000 SF

      Westborough Office Space For Rent

      Office space available in Westborough, Massachusetts with on-site management.
      2300 W Park Dr, Westborough, MA 01581
      View Details
    • Contact for pricing
      40,000 SF

      Westborough Technology Park Office Space

      Office space in a 54-acre master-planned technology park.
      5 Technology Dr, Westborough, MA 01581
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,960 SF

      Westborough Office Building For Sale

      3,960 SF office building with 8 parking spaces.
      32-36 Milk St, Westborough, MA 01581
      View Details
    • $3,500,000
      4,648 SF

      Former Equestrian Property on 24 Acres

      Unique equestrian property with farmhouse and outbuildings on 24 acres.
      64 Arch St, Westborough, MA 01581
      View Details
    • $3,500,000
      16,327 SF

      Westborough Mixed-Use Portfolio

      29 Units, 7.77% Cap Rate, High NOI
      44 South St, Westborough, MA 01581
      View Details
    • $2,400,000

      Route 9 Commercial Land Available

      2.14 acres of flat land with highway business zoning.
      196 Turnpike Rd, Westborough, MA 01581
      View Details
    • $2,400,000

      Prime Land on Route 9

      2.14 acres of flat land with highway business zoning.
      196 Turnpike Rd, Westborough, MA 01581
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Office Space in Westborough

      Adaptable office space with abundant natural light and convenient access.
      8 Church St, Westborough, MA 01581
      View Details
    • Contact for pricing
      5,090 SF

      Westborough Office Building For Rent

      Two-story office building in Westborough, near I-495 and Mass Turnpike.
      2400 Computer Dr, Westborough, MA 01581
      View Details
    • Contact for pricing
      62,000 SF

      Westborough Office/Lab/Biotech Opportunity

      Large contiguous space suitable for office, lab, or biotech uses.
      4400 Computer Dr N, Westborough, MA 01581
      View Details
    • $20 SF/Yr

      Office Space Available For Lease

      6,280 sq ft office space for lease.
      287 Turnpike Rd, Westborough, MA 01581
      View Details
    • Contact for pricing
      6,360 SF

      Westborough Center Two-Story Office Building

      6,360 SF office building in walkable town center location.
      11 W Main St, Westborough, MA 01581
      View Details

    Property Visit Statistics

    • Visits by month
      5.0k
    • Visitors by month
      730
    • Avg Time on site
      704 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    176 Main St
    Westborough, MA 01581
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    176 Main St, Westborough, MA, 01581
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!