Property profile

238 Main St Northborough, MA 01532

OFF-MARKET
Assisted living facilities
Property ID
US38-0957701
74,526 SF 7.72 ac lot Built 1969
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 74,526 SF
Lot 7.72 ac (336,414 SF)
Zoning code RC
APN NBOR M:0750 L:0172
UPID US38-0957701

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Retirement Community
  • Nursing Home Retirement Community
  • Pharmacy
  • Physician
  • Pediatrician Physician

Location

238 Main St Northborough, MA 01532-1804
Northborough metro Census 740101 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.36M

Owner & transaction history

since 2012
3 recorded transactions
2023
Price N/A
2012
$17.6M
1998
$1.9M

Zoning & alternative use

RC · Northborough, MA
Zoning description

In the RC, GR, MSR, and DN districts, approval of a two-family dwelling shall be subject to design review by the Design Review Committee in accordance with two-family design guidelines adopted by the Planning Board and o…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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