Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20 Central St Brookfield, MA 01506
    Back to Search
    Property profile & analytics

    20 Central St, Brookfield, MA 01506

    View on Map
    • Industrial properties
    • 47,668 SF
    • 1.95 lot acres
    Off-Market
    Property ID
    US38-0083595
    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
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apple Country Radio, WACF-LP, 98.1 / Radio Station / Telecommunications Service

    Property Details for 20 Central St

    Lot size
    1.95 lot acres
    Zone code
    BB
    Property type
    Industrial properties
    APN
    BROO M:006C B:0001 L:00490
    APU
    BROOM006CB0001L00490

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2025 — Hrc Central Street LLC Gavitt Wire & Cable Co In Quitclaim Deed · related —

    Description

    This exceptional 1.95-acre commercial land parcel presents a unique redevelopment opportunity in the heart of Brookfield, Massachusetts. Strategically located along Route 9, approximately 15 miles west of Worcester, this versatile property boasts significant frontage on three major roads: Central Street (157 feet with one curb cut), Route 9 (381 feet with two curb cuts), and Prouty Street (415 feet with one curb cut). The property's BB zoning allows for a wide range of commercial uses, making it ideal for retail, convenience stores, or medical facilities. Its prime location offers convenient access and high visibility, attracting a substantial customer base. The surrounding area boasts a strong demographic profile, with an estimated population of 80,000 within a 10-mile radius and an average household income of $111,000. This translates to a robust market for various commercial ventures. The property's size and accessibility make it an attractive investment for developers seeking a high-impact location with significant development potential. This is a rare opportunity to acquire a well-positioned commercial land parcel in a thriving community. Don't miss out on this chance to capitalize on the significant potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $857,000
      Market price range: $858k - $2.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0996
    Latitude
    42.2154
    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
    $10,974
    $171,500
    $550,500
    $722,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      59.50 Acres

      37 Quaboag St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      37 Quaboag St, Brookfield, MA 01506-1834
      View Details
    • Value Estimation by Request
      10,000 SF

      16 Quaboag St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      16 Quaboag St, Brookfield, MA 01506-1831
      View Details
    • Value Estimation by Request
      2,340 SF

      8 Mitchell Hl Rd

      INDUSTRIAL (GENERAL)
      8 Mitchell Hl Rd, Brookfield, MA 01506-1722
      View Details
    • Value Estimation by Request
      5,000 SF

      11 Ml St

      LUMBERYARD, BUILDING MATERIALS
      11 Ml St, Brookfield, MA 01506
      View Details
    • Value Estimation by Request
      68.18 Acres

      54 Maple St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      54 Maple St, Brookfield, MA 01506
      View Details
    • Value Estimation by Request
      47.95 Acres

      118 Fiskdale Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      118 Fiskdale Rd, Brookfield, MA 01506-1727
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Brookfield Mixed-Use Redevelopment Opportunity

      Value-add mixed-use property on 0.9 acres in downtown Brookfield.
      18 Central St, Brookfield, MA 01506
      View Details
    • $335,000
      0.19 Acres

      Downtown Brookfield Mixed-Use Gem

      Prime location, customizable, two-story potential.
      18 Central St, Brookfield, MA 01506
      View Details
    • Contact for pricing

      Downtown Brookfield Mixed-Use Opportunity

      Value-add mixed-use property in downtown Brookfield, ready for renovation.
      18 Central St, Brookfield, MA 01506
      View Details
    • Contact for pricing

      Downtown Brookfield Mixed-Use Opportunity

      Value-add mixed-use property in downtown Brookfield, ready for renovation.
      18 Central St, Brookfield, MA 01506
      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.
    20 Central St
    Brookfield, MA 01506
    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
    20 Central St, Brookfield, MA, 01506
    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!