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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    230 Main St Groton, MA 01450-1236

    • Retail space
    • 1,232 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Apr 16, 2021
    $425,000
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    3.7%
    Retail space
    Location Intelligence
    Property ID
    US38-1054811
    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

    • Groton Cleaners / Dry Cleaner / Clothing Alteration Service

    Property Details for 230 Main St

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.31 lot acres
    Property size
    1,232 SF
    Zone code
    B1
    Property type
    Retail space
    APN
    GROT M:112 B:91 L:
    APU
    GROTM112B91L

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $485,000
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $479,000
      Market price range: $173k - $513k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $330,000
      Current use
      AUTO REPAIR, GARAGE
      $345,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $340,000
      Change: +3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $320,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.5739
    Latitude
    42.6107
    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
    $5,626
    $234,800
    $138,000
    $372,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      6,402 SF

      871 Boston Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,402 SF
      871 Boston Rd, Groton, MA 01450-2053
      View Details
    • Value Estimation
      $1,305,000
      1,500 SF

      6 Boston Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      6 Boston Rd, Groton, MA 01450
      View Details
    • Value Estimation
      $380,000
      7,580 SF

      143 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,580 SF
      143 Main St, Groton, MA 01450-1272
      View Details
    • Value Estimation
      $280,000
      1,812 SF

      398 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,812 SF
      398 Main St, Groton, MA 01450
      View Details
    • Value Estimation
      $300,000
      4,568 SF

      235 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,568 SF
      235 Main St, Groton, MA 01450-1235
      View Details
    • Value Estimation
      $415,000
      2,990 SF

      318 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,990 SF
      318 Main St, Groton, MA 01450-4245
      View Details

    Similar Nearby for Sale

    • $500,000
      1.84 Acres

      Residential Land in East Groton

      1.84-acre lot for custom home in desirable Groton neighborhood.
      Monarch Path, Groton, MA 01450
      View Details
    • $550,000
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      Groton Land for Custom Home

      1.92-acre lot for dream home in inviting neighborhood.
      Noble Path, Groton, MA 01450
      View Details
    • $500,000
      1.84 Acres

      Residential Land in East Groton

      1.84-acre lot for custom home in desirable neighborhood.
      Monarch Path, Groton, MA 01450
      View Details
    • $825,000
      2.80 Acres

      Groton Commercial Development Opportunity

      Prime land parcel in Groton, MA, for diverse development.
      797 Boston Rd, Groton, MA 01450
      View Details
    • $550,000
      2.01 Acres

      Residential Land in East Groton

      2-acre lot for custom home in desirable Groton neighborhood.
      Noble Path, Groton, MA 01450
      View Details
    • $735,000

      Groton Three-Family Investment Opportunity

      Well-maintained three-unit property in Groton with updated features.
      55 West Main St, Groton, MA 01450
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      12,000 SF

      Groton, MA Commercial Space For Lease

      Versatile 12,000 sq ft space, multiple uses.
      134 Main St, Groton, MA 01450
      View Details
    • Contact for pricing
      7,252 SF

      Freestanding Retail Building in Groton

      Proposed 7,252 SF retail building in a prime location.
      788 Boston Rd, Groton, MA 01450
      View Details
    • Contact for pricing
      4,922 SF

      Retail Space in Groton Center

      Retail space available in Groton, Massachusetts shopping center.
      768 Boston Rd, Groton, MA 01450
      View Details
    • $16 SF/Yr

      Retail Space at Corner Location

      Highly visible retail space with potential for various business uses.
      3 Forge Village Rd, Groton, MA 01450
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space in Groton Center

      Retail opportunity alongside Shaw's and Dollar Tree in Groton.
      760 Boston Rd, Groton, MA 01450
      View Details
    • Contact for pricing
      16,000 SF

      Middlesex County Medical Office Space

      16,000 SF Office Building, 4,000 SF Available
      120 Boston Rd, Groton, MA 01450
      View Details
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    230 Main St
    Groton, MA 01450-1236
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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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