Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Glenmere Rd Charlton, MA 01507-1520

    • Warehouses
    • 5,000 SF
    • 1.93 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1582756
    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.

    Current Use by Public Records

    • Concrete Cut & Core / Construction Company / General Contractor
    • Curtis K Abbott Company, Inc. / Construction Company / General Contractor
    • Curtis K. Abbott Company & Concrete Cut and Core / Construction Company / General Contractor

    Property Details for 2 Glenmere Rd

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    1.93 lot acres
    Property size
    5,000 SF
    Zone code
    CB
    Property type
    Warehouses
    APN
    CHAR M:0038 B:000B L:0000007
    APU
    CHARM0038B000BL0000007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $500,000
      Current use
      RETAIL STORES
      $785,000
      Change: +56% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $765,000
      Change: +53% Conversion: Easy
      OFFICE BUILDING
      $680,000
      Change: +36% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $630,000
      Change: +26% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $600,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $550,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlton
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9133
    Latitude
    42.1547
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT 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
    $6,391
    $256,500
    $307,100
    $563,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,220 SF

      128 Freeman Rd

      WAREHOUSE, STORAGE • 6,220 SF
      128 Freeman Rd, Charlton, MA 01507-1383
      View Details
    • Value Estimation
      $1,055,000
      11,900 SF

      79 Bay Path Rd

      WAREHOUSE, STORAGE • 11,900 SF
      79 Bay Path Rd, Charlton, MA 01507-1403
      View Details
    • Value Estimation
      $1,180,000
      12,200 SF

      379 Worcester Rd

      WAREHOUSE, STORAGE • 12,200 SF
      379 Worcester Rd, Charlton, MA 01507-1503
      View Details
    • Value Estimation
      $10,005,000
      2,654 SF

      53 Sturbridge Rd

      WAREHOUSE, STORAGE • 2,654 SF
      53 Sturbridge Rd, Charlton, MA 01507-5329
      View Details
    • Value Estimation
      $18,720,000
      189,270 SF

      129 Sturbridge Rd

      WAREHOUSE, STORAGE • 189,270 SF
      129 Sturbridge Rd, Charlton, MA 01507-5330
      View Details
    • Value Estimation
      $720,000
      8,080 SF

      25 Gillespie Rd

      WAREHOUSE, STORAGE • 8,080 SF
      25 Gillespie Rd, Charlton, MA 01507
      View Details

    Similar Nearby for Sale

    • $695,000

      Versatile Medical Building with Parking

      Commercial property in the center of town with exceptional visibility.
      61 North Main St, Charlton, MA 01507
      View Details
    • Contact for pricing

      Route 20 Commercial Property

      Highly visible commercial property on Route 20 in Charlton, MA.
      71 Worcester Rd, Charlton, MA 01507
      View Details
    • $450,000

      Historic Charlton Church Conversion Opportunity

      Unique 2,257 SF commercial property with historic character and high visibility.
      16 Stafford St, Charlton, MA 01507
      View Details
    • Contact for pricing
      17.60 Acres

      Charlton, MA Commercial Land

      17.6 acres, prime development opportunity.
      8 Main St, Charlton, MA 01507
      View Details
    • $2,225,000

      Charlton Multifamily Investment Opportunity

      15-unit multifamily property in Charlton, MA with recent upgrades.
      29 Ramshorn Rd, Charlton, MA 01507
      View Details
    • New
      $100,000
      5.20 Acres

      Charlton Land with Easy Access

      5.2 acre land with convenient highway access in Charlton.
      91 Burlingame Rd, Charlton, MA 01507
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,197,000 SF

      Charlton Commerce Center Development

      1,197,000 square-foot cross-dock development in Charlton, MA.
      241 Sturbridge Rd, Charlton, MA 01507
      View Details
    • Contact for pricing
      20,000 SF

      Charlton Industrial Space on Rt-20

      18,000 sq ft industrial space for lease on Rt-20.
      144 Sturbridge Rd, Charlton, MA 01507
      View Details
    • Contact for pricing
      30,000 SF

      Route 20 Charlton Industrial Space

      3,000 SF Flexible Space Available
      45 Sturbridge Rd, Charlton, MA 01507
      View Details
    • Contact for pricing

      Charlton Commerce Center Development

      1,197,000 SF Class A industrial space in Charlton, MA.
      Charlton, MA 01507
      View Details
    • Contact for pricing
      17 SF

      Commercial Land on Worcester Road

      14+ acre commercial land parcel with frontage on Route 20.
      Road/N Main St, Charlton, MA 01507
      View Details
    • Contact for pricing
      12,000 SF

      Retail/Medical Buildings Near CVS

      New retail/medical buildings with high visibility and traffic.
      Road/N Main St, Charlton, MA 01507
      View Details
    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.
    2 Glenmere Rd
    Charlton, MA 01507-1520
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!