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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Manufacturing properties
190 Tpke Rd, Westborough, MA 01581-2806
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-0318509
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
STEEL FRAME
Total area
17,000 SF
Lot
3 ac (130,680 SF)
Zoning code
BA
APN
WBOR M:0027 B:00063A L:0
UPID
US38-0318509
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.51M
Owner & transaction history
Carmax Auto Superstores · 12 yrs held
Carmax Auto Superstores
since 2014
7 recorded transactions
Zoning & alternative use
BA · Westborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+69.9%
Neighborhood: shopping center
$2.1M
+57.7%
Apartment house (5+ units)
$2.0M
+49.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westborough submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,360,000
Current use
OFFICE BUILDING
$2,310,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,145,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,040,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,870,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$43,078
Tax year 2024
Assessed value
$2,625,100
Assessed 2024
Previous assessed
$2,625,100
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$918,600
Assessed improvement
$1,706,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
5
Total area
17,000 SF
Lot
3 ac (130,680 SF)
Zoning code
BA
APN
WBOR M:0027 B:00063A L:0
UPID
US38-0318509
Jurisdiction
WESTBOROUGH
Zoning & alternative use
BA · Westborough, MA
Zoning BA · permitted uses
BA · Westborough, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
5
Lot
3 ac
Current owner
From public records · entity-resolved
Carmax Auto Superstores
Individual
Mailing address
190 TPKE RD, WESTBOROUGH, MA 01581-2806
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
144 East Main St Rlty LLC
—
Deed
related
$485,000 · M & T Bank
Apr 18, 2014
$6,400,000
Carmax Auto Superstores
World Realty INC
Quit Claim Deed
—
Apr 1, 2008
$2,424,000
144 East Main St Rlty LLC
Gardner,joseph P
Grant Deed
—
Jul 25, 2006
—
144 East Main St. Assoc
—
Deed Of Trust
related
$804,000 · Worcester Bus Dev
Apr 4, 2006
$1
144 E Main St. Assoc
Tjp Gardner Exchange T
Grant Deed
—
Oct 21, 2005
$1,900,000
Tjp Gardner Exchange T
John W Morse
Deed
$1,900,000 · Main Strett Assoc
Oct 21, 2005
—
Gardner Exchange T Tjp
—
Deed Of Trust
related
$1,620,000 · Flagship Bank & Trust
Jul 1, 2005
—
John W Morse
—
Deed Of Trust
related
$350,000 · Duco Assoc
Sep 29, 2004
—
John W Morse
—
Deed Of Trust
related
$75,000 · Duco Assoc
Feb 13, 2004
—
John W Morse
—
Deed Of Trust
related
$100,000 · Duco Assoc
Sep 5, 2003
—
John W Morse
—
Deed Of Trust
related
$250,000 · Duco Assoc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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