Sign Up Successful!
You now have access to more from Realmo!
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

    24 Lumber St Hopkinton, MA 01748

    • Auto shops
    • 5,600 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1840560
    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

    • Auto shops

    Property Details for 24 Lumber St

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    1.71 lot acres
    Property size
    5,600 SF
    Zone code
    IB
    Property type
    Auto shops
    APN
    HOPK M:0R23 B:0068 L:0
    APU
    HOPKM0R23B0068L0

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.5423
    Latitude
    42.2135
    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
    $14,026
    $275,600
    $685,100
    $960,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,088 SF

      102 Main St

      AUTO REPAIR, GARAGE • 3,088 SF
      102 Main St, Hopkinton, MA 01748-1241
      View Details
    • Value Estimation by Request
      3,368 SF

      96 Main St

      AUTO REPAIR, GARAGE • 3,368 SF
      96 Main St, Hopkinton, MA 01748-1130
      View Details
    • Value Estimation by Request
      4,293 SF

      84 Wood St

      AUTO REPAIR, GARAGE • 4,293 SF
      84 Wood St, Hopkinton, MA 01748-1108
      View Details
    • Value Estimation by Request
      2,270 SF

      85 Hayden Rowe St

      AUTO REPAIR, GARAGE • 2,270 SF
      85 Hayden Rowe St, Hopkinton, MA 01748-2532
      View Details
    • Value Estimation by Request
      4,552 SF

      85 Hayden Rowe Str

      AUTO REPAIR, GARAGE • 4,552 SF
      85 Hayden Rowe Str, Hopkinton, MA 01748-2532
      View Details
    • Value Estimation
      $1,920,000
      23,086 SF

      17 Winter St

      AUTO REPAIR, GARAGE • 23,086 SF
      17 Winter St, Hopkinton, MA 01748-1518
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      75,300 SF

      Downtown Hopkinton Mixed-Use Development

      New mixed-use development with retail and residential units.
      52 Main St, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      7 SF

      Hopkinton Land Site on Route 135

      Prime 7.29 acre commercial land in affluent Hopkinton, MA.
      130 East Main St, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      46,857 SF

      Modern Office Building Near Downtown

      Modern office spaces with first-class finishes and convenient location.
      34 Hayden Rowe St, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      2 SF

      Hopkinton Corner Lot Opportunity

      2.32 acre corner lot near Route 495.
      290 West Main St, Hopkinton, MA 01748
      View Details
    • Contact for pricing

      High-Visibility Corner Lot

      Agricultural zoned land with high traffic and easy access.
      52 School St, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      66,024 SF

      Hopkinton Flex Space Opportunity

      Flex space available near I-495 and Mass Pike.
      45 South St, Hopkinton, MA 01748
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      6,720 SF

      Hopkinton Office Space for Lease

      Versatile Office Suites, Prime Location
      22 South St, Hopkinton, MA 01748
      View Details
    • $16 SF/Yr

      Hopkinton Specialty Property For Rent

      Specialty property available for rent in Hopkinton, Massachusetts.
      100-106 South St, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      33,040 SF

      Hopkinton Warehouse with IOS Potential

      Modern warehouse in Hopkinton, MA with highway access and IOS.
      75 South St, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      66,024 SF

      Hopkinton Flex Space Available

      First floor flex space with 16-foot clear height.
      25 South St, Hopkinton, MA 01748
      View Details
    • Contact for pricing
      11,031 SF

      Hopkinton Flex/Manufacturing Space For Rent

      Flex/manufacturing space in Hopkinton Innovation Park, easy highway access.
      107-109 South St, Hopkinton, MA 01748
      View Details
    • $9 SF/Yr
      6,248 SF

      Hopkinton, MA Office Space

      Flexible Offices, Coworking & More
      35 Parkwood Dr, Hopkinton, MA 01748
      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.
    24 Lumber St
    Hopkinton, MA 01748
    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.