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    21 Summer St Natick, MA 01760
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    21 Summer St Natick, MA 01760

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    • Commercial land
    • 3,684 SF
    • 0.23 lot acres
    For Sale
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    Downtown Natick Retail Opportunity For Sale
    Contact for pricing
    28,422 SF

    Downtown Natick Retail Opportunity

    Retail space in a newly developed mixed-use building.

    21 Summer Street, Natick, MA 1760
    View Listing
    Property ID
    US38-0442112
    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 land

    Property Details for 21 Summer St

    Year built
    1942
    Construction
    WOOD FRAME
    Lot size
    0.23 lot acres
    Property size
    3,684 SF
    Zone code
    DM
    Property type
    Commercial land
    APN
    NATI M:00000043 P:00000380
    APU
    NATIM00000043P00000380

    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
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3486
    Latitude
    42.2846
    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
    $5,256
    $428,700
    $0.00
    $428,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      7 Washington St, Unit 19

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      7 Washington St, Natick, MA 01760-4625
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    • Value Estimation
      $4,055,000
      0.20 Acres

      12 Clarendon St

      VACANT COMMERCIAL LAND • 0.20 Acres
      12 Clarendon St, Natick, MA 01760-4617
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    • Value Estimation
      $2,385,000
      0.78 Acres

      45 Central St

      VACANT COMMERCIAL LAND • 21,959 SF
      45 Central St, Natick, MA 01760-4638
      View Details
    • Value Estimation
      $1,100,000
      0.29 Acres

      1 Main St

      VACANT COMMERCIAL LAND • 10,012 SF
      1 Main St, Natick, MA 01760-4918
      View Details
    • Value Estimation by Request
      0.14 Acres

      5 12th Tech Cir

      INDUSTRIAL - VACANT LAND • 0.14 Acres
      5 12th Tech Cir, Natick, MA 01760-1023
      View Details
    • Value Estimation by Request
      0.28 Acres

      10 Michigan Dr

      INDUSTRIAL - VACANT LAND • 0.28 Acres
      10 Michigan Dr, Natick, MA 01760-1342
      View Details

    Similar Nearby for Sale

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      Natick Redevelopment Opportunity

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      Natick Land Development Opportunity

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      South Natick Center Investment Opportunity

      Historic 3-Acre Commercial Property
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      Downtown Natick Retail Opportunity

      Retail space in a newly developed mixed-use building.
      21 Summer St, Natick, MA 01760
      View Details
    • $1,600,000
      2,270 SF

      Downtown Automotive Repair Building

      Automotive repair building in Natick with redevelopment potential.
      18-20 N Main St, Natick, MA 01760
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces available for lease on Worcester Road.
      821-861 Worcester Rd, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Medical Office Space

      Medical office space available in downtown Natick.
      12 West Central St, Natick, MA 01760
      View Details
    • Contact for pricing
      7,000 SF

      Natick Office Space For Rent

      Office space available immediately in Natick, Massachusetts.
      19 Willow St, Natick, MA 01760
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Sunnyside Plaza

      Retail space for lease in Natick's Sunnyside Plaza.
      915-945 Worcester St, Natick, MA 01760
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space with Full Basement

      Retail spaces available with full basements and ample parking.
      265 Worcester St, Natick, MA 01760
      View Details
    • Contact for pricing

      Freestanding Building with Pylon Signage

      20,000 SF available in a freestanding building with parking.
      625 Worcester St, Natick, MA 01760
      View Details
    View Listing
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    21 Summer St
    Natick, MA 01760
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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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