Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    254 Main St Natick, MA 01760-1152
    Back to Search
    Property profile & analytics

    254 Main St, Natick, MA 01760-1152

    View on Map
    • Investment properties
    • 2,464 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Mar 3, 2022
    $500,000
    Property ID
    US38-1474332
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mindful HealthCare Agency / Home Health Care Service
    • Rama sanitizing and cleaning services inc / Commercial Cleaning Service
    • Beauty Goodz and Meant 2 Be Salon / Hair Salon

    Property Details for 254 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Zone code
    LC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NATI M:00000012 P:00000012
    APU
    NATIM00000012P00000012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 9, 2023 — Concept Natick 254 LLC — Deed · related $490k · Stoneham Cooperative Bank
    Apr 3, 2023 — Concept Natick 254 LLC — Deed · related $1.2M · Boston Trust Loans LLC
    Sep 15, 2022 — Concept Natick 254 LLC — Deed · related $250k · Crowd Lending Fund
    Mar 3, 2022 $500,000 Concept Natick 254 LLC Ruth F Holston RT Quit Claim Arm's Length For Ne States —

    Description

    254 N Main Street, Natick, MA presents a unique investment opportunity. This 0.11-acre property offers flexible zoning allowing for both commercial and residential uses. Its prime location in Natick provides convenient access to major transportation arteries, including the MA Pike and commuter rail lines serving Framingham and Worcester. This proximity to Boston and Worcester makes it an attractive location for a wide range of businesses. The property is ideally suited for professional services, such as law offices, architectural firms, mortgage companies, CPA firms, financial institutions, insurance agencies, or advertising firms. The building itself boasts several recent upgrades, enhancing its appeal and functionality. These improvements include a new roof and siding, installed within the last two years. Three new electrical panels, new kitchen cabinets, recessed lighting, and a mini-split heating and cooling system were also added within the past two years, significantly improving the property's efficiency and modern appeal. The property's location also benefits from its proximity to local amenities, including the TCAN (The Center for Arts in Natick) and the Natick Farmers Market, as well as numerous shops and restaurants in the downtown area. This combination of location, versatility, and recent renovations makes 254 N Main Street a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3621
    Latitude
    42.3065
    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
    $6,093
    $374,800
    $122,200
    $497,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,959 SF

      160 Central St

      OFFICE/RESIDENTIAL (MIXED USE)
      160 Central St, Natick, MA 01760-4122
      View Details
    • Value Estimation
      $680,000
      3,960 SF

      45 Central St

      OFFICE/RESIDENTIAL (MIXED USE)
      45 Central St, Natick, MA 01760-4503
      View Details
    • Value Estimation
      $765,000
      4,004 SF

      65 Eliot St

      OFFICE/RESIDENTIAL (MIXED USE)
      65 Eliot St, Natick, MA 01760-5579
      View Details
    • Value Estimation
      $545,000
      3,012 SF

      6 Dewey St

      OFFICE/RESIDENTIAL (MIXED USE)
      6 Dewey St, Natick, MA 01760-4602
      View Details
    • Value Estimation
      $560,000
      3,345 SF

      15 Central St

      OFFICE/RESIDENTIAL (MIXED USE)
      15 Central St, Natick, MA 01760-4528
      View Details
    • Value Estimation
      $3,950,000
      26,780 SF

      13 Central St

      OFFICE/RESIDENTIAL (MIXED USE)
      13 Central St, Natick, MA 01760-4560
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Natick Retail Opportunity

      Retail space in a newly developed mixed-use building.
      21 Summer St, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Center Redevelopment Opportunity

      Two-family house plus detached commercial/retail building in Natick Center.
      49 Summer St, Natick, MA 01760
      View Details
    • Contact for pricing

      Downtown Natick Mixed-Use Building

      Street-level retail/restaurant space in a newly developed mixed-use building.
      45 East Central St, Natick, MA 01760
      View Details
    • $7,200,000
      3.00 Acres

      South Natick Center Investment Opportunity

      Historic 3-Acre Commercial Property
      21 Eliot St, Natick, MA 01760
      View Details
    • Contact for pricing
      2,270 SF

      Downtown Automotive Repair Building

      Automotive repair building in Natick with redevelopment potential.
      18-20 N Main St, Natick, MA 01760
      View Details
    • Contact for pricing
      8,607 SF

      8,607 SF Flex Building

      Flex building for sale with 8,607 square feet.
      15 Erie Dr, Natick, MA 01760
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Landmark Building in Downtown Natick

      Prime retail and office spaces in a signature building.
      2 Summer St, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Medical Office Space

      Medical office space available in downtown Natick.
      12 West Central St, Natick, MA 01760
      View Details
    • 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

      Move-in Ready Co-working Office Space

      90 sq. ft. co-working office with utilities included.
      209 W Central St, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Office/Fitness Space Available

      7000 SF space suitable for office or fitness use.
      19 Willow St, Natick, MA 01760
      View Details
    • Contact for pricing

      Freestanding Building with Pylon Signage

      20,000 SF available in a freestanding building with parking.
      625 Worcester St, Natick, MA 01760
      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.
    254 Main St
    Natick, MA 01760-1152
    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

    Thank You for Inquiry
    254 Main St, Natick, MA, 01760
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!