Technical
Financial
Distress signals
Property profile

243 Main St 265 Northborough, MA 01532

OFF-MARKET
Commercial real estate
Property ID
US38-0898313
44,726 SF 36.9 ac lot Built 2008
Individually Owned 31-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Total area 44,726 SF
Lot 36.9 ac (1,607,329 SF)
Zoning code BW
APN NBOR M:0820 L:0016
UPID US38-0898313

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
  • Home Appliance Store Hardware & Home Improvement
  • (Bike/Boat/Book/etc) Store
  • Barber Shop
  • (Bike/Boat/Book/etc) Store
  • Training Center

Location

243 Main St, Unit 265 Northborough, MA 01532-1847
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
$3.47M
Blend (final) Blend
$3.58M

Owner & transaction history

since 1994
1 recorded transaction
1994
Price N/A

Zoning & alternative use

BW · Northborough, MA
Zoning description

aw, no use variance for a marijuana establishment, medical marijuana treatment center, or sale of marijuana accessories shall be permitted. Table 1. Table of Uses. Part B. Commercial and Industrial Districts. USES DB BE…

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $5.6M +14.7%
Apartment house (5+ units) $5.4M +9.0%

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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