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    19 North Main St Sherborn, MA 01770

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    19 North Main St Sherborn, MA 01770

    View on Map
    • Retail space
    • 11,002 SF
    • 0.67 lot acres
    For Lease
    $1,680,000
    View Listing →
    Sherborn Office Space For Rent For Lease
    $1,680,000
    10,000 SF

    Sherborn Office Space For Rent

    Private office space available in Sherborn Crossing Plaza.

    19 North Main Street, Sherborn, MA 1770
    View Listing
    Property ID
    US38-0641413
    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

    • Milky's Northeast Creamery / Food Processing Plant
    • Sherborn Family Dental / Dental Office
    • Deborah Hayes Stone / Physician / Medical Clinic
    • Back To You Physical Therapy / Physician
    • Roger G. Scott, R / Pharmacy

    Property Details for 19 North Main St

    Year built
    2003
    Construction
    FRAME
    Lot size
    0.67 lot acres
    Property size
    11,002 SF
    Zone code
    BUS
    Property type
    Retail space
    APN
    SHER M:0011 B:0000 L:47
    APU
    SHERM0011B0000L47

    Description

    This exceptional retail property, located at 19 North Main Street in Sherborn, Massachusetts (zip code 01770), offers 10,000 square feet of Class B space in a thriving Middlesex County location. The property is configured for multiple tenancies, with individual units ranging from a minimum of 300 square feet to a maximum contiguous space of 2,500 square feet. Currently, 4,150 square feet of retail space is available for lease. The building boasts ample parking with 50 spaces available for tenants and customers. Situated at the intersection of Route 27 and Route 16 in Sherborn Center, this storefront property benefits from high visibility and convenient access. The property is part of the Sherborn Crossing Plaza, sharing the location with established businesses such as Walgreens, Sherborn Family Dental, and Back to You Physical Therapy & Sports Medicine, ensuring a strong and vibrant commercial environment. This presents a unique opportunity for businesses seeking high-traffic exposure and a well-established commercial setting in the desirable town of Sherborn. The property's convenient location and ample parking make it an attractive option for a variety of retail uses. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,535,000
      OFFICE BUILDING
      $2,410,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherborn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3694
    Latitude
    42.2457
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    $36,581
    $513,500
    $1,644,700
    $2,158,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $625,000
      3,072 SF

      41 Kendall Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,072 SF
      41 Kendall Ave, Sherborn, MA 01770-1321
      View Details
    • Value Estimation
      $795,000
      5,075 SF

      11 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,075 SF
      11 Main St, Sherborn, MA 01770-1421
      View Details
    • Value Estimation
      $1,680,000
      14,884 SF

      47 Frst St

      SHOW ROOM, WAREHOUSE • 14,884 SF
      47 Frst St, Sherborn, MA 01770
      View Details
    • Value Estimation by Request
      2,264 SF

      6 Powderhouse Ln

      SHOW ROOM, WAREHOUSE • 2,264 SF
      6 Powderhouse Ln, Sherborn, MA 01770-1315
      View Details
    • Value Estimation by Request

      43 Kendall Ave, Unit G12

      RESIDENTIAL PARKING GARAGE
      43 Kendall Ave, Sherborn, MA 01770-1331
      View Details
    • Value Estimation by Request

      43 Kendall Ave, Unit G10

      RESIDENTIAL PARKING GARAGE
      43 Kendall Ave, Sherborn, MA 01770-1331
      View Details

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      Sherborn Office Building For Sale

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      90 Acres with Development Potential

      90-acre farm with development potential and antique colonial.
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    Similar Nearby for Lease

    • $2,100 /Mo
      800 SF

      Downtown Sherborn Retail/Office Space

      Prime 800 sq ft retail or office space for rent.
      31 N Main St, Sherborn, MA 01770
      View Details
    • Contact for pricing
      10,000 SF

      Sherborn Office Space For Rent

      Private office space available in Sherborn Crossing Plaza.
      19 North Main St, Sherborn, MA 01770
      View Details
    View Listing
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    Sherborn, MA 01770
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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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