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    24 Superior Dr Natick, MA 01760

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    24 Superior Dr Natick, MA 01760

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    • Office buildings
    • 115,496 SF
    • 4.53 lot acres
    For Lease
    $17,590,000
    View Listing →
    Class A Office Building For Lease
    $17,590,000
    107,349 SF

    Class A Office Building

    Five-story office building with amenities near major routes.

    24 Superior Drive, Natick, MA 1760
    View Listing
    Property ID
    US38-1623453
    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
    $17,590,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Magna5 / Tech Support Center / IT Consulting Firm
    • Regent Associates, Inc., Architects / Architect
    • Computer Guys Inc / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • AIV Solutions / Engineering Consultant / Automation Company
    • Asset Strategy Financial Group / Financial Advisor

    Property Details for 24 Superior Dr

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.53 lot acres
    Property size
    115,496 SF
    Zone code
    CII
    Property type
    Office buildings
    APN
    NATI M:00000017 P:0000005C
    APU
    NATIM00000017P0000005C

    Description

    This exceptional Class A office building, located at 24 Superior Drive in Natick, Massachusetts, presents a unique opportunity for businesses seeking prestigious executive office space. The five-story, 107,349 square foot red brick building boasts a prime location off Speen Street, providing convenient access to the Mass Turnpike and Route 9. Three suites are currently available, ranging from a minimum of 13,828 square feet to a maximum contiguous space of 20,620 square feet, offering flexibility for various business needs. A significant 51,460 square feet of vacant space is immediately available for occupancy. The building features a strong parking ratio of 3.12 spaces per 1,000 square feet, ensuring ample parking for tenants and their guests. On-site amenities enhance the tenant experience, including a full-service cafeteria and a fitness center, promoting employee well-being and convenience. Situated in Middlesex County, with a Natick, MA zip code of 01760, this property offers a blend of modern functionality and a desirable location. The building's multiple tenancy structure allows for a diverse range of businesses to thrive within the same complex. This is an exceptional opportunity to secure high-quality office space in a thriving business community. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $16,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,884,000
      Market price range: $13.4M - $27.9M
      AI Estimate
      $14,356,000
      Market price range: $5.00M - $25.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $22,200,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $26,610,000
      Change: +20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3768
    Latitude
    42.3032
    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
    $201,959
    $4,338,800
    $12,134,200
    $16,473,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $2,575,000
      22,432 SF

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    • Value Estimation
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      83,032 SF

      2 Vision Dr

      OFFICE BUILDING • 83,032 SF
      2 Vision Dr, Natick, MA 01760-2086
      View Details
    • Value Estimation
      $910,000
      3,457 SF

      971 Worcester St

      OFFICE BUILDING • 3,457 SF
      971 Worcester St, Natick, MA 01760-2032
      View Details
    • Value Estimation
      $645,000
      5,202 SF

      10 Central St

      OFFICE BUILDING • 5,202 SF
      10 Central St, Natick, MA 01760-4537
      View Details
    • Value Estimation
      $4,845,000
      65,170 SF

      209 Central St

      OFFICE BUILDING • 65,170 SF
      209 Central St, Natick, MA 01760-3765
      View Details
    • Value Estimation
      $2,300,000
      5,871 SF

      211 Oak St

      OFFICE BUILDING • 5,871 SF
      211 Oak St, Natick, MA 01760
      View Details

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      Natick Corner Lot Opportunity

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      Natick Office/Medical Condos For Sale

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      South Natick Center Investment Opportunity

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      Downtown Natick Retail Opportunity

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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building with Elevator

      Modern office suites available for lease near downtown and transit.
      4 Mechanic St, Natick, MA 01760
      View Details
    • Contact for pricing

      Class A Office Building

      Five-story office building with amenities near major routes.
      24 Superior Dr, Natick, MA 01760
      View Details
    • Contact for pricing

      Renovated Office Building with Elevator

      Modern office suites with reception area, walkable to transportation.
      4 Mechanic St, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Office Space For Rent

      30,000 sq ft office space with ample parking.
      190 N Main St, Natick, MA 01760
      View Details
    • $6,000 /Mo

      Two Standalone Office Buildings For Rent

      Two office buildings on a corner lot available for lease.
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      View Details
    • Contact for pricing

      Renovated Office Building with Elevator

      Modern office space available for immediate occupancy near downtown.
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      View Details
    View Listing
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    24 Superior Dr
    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.

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