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    Property profile & analytics

    296 Main St Natick, MA 01760-1124

    • Day care centers
    • 11,396 SF
    • 3.02 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0319168
    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

    • Primrose School of Natick / Daycare Center
    • McDonald's Natick Plaza / Restaurant / Take-out & Catering
    • Registry of Motor Vehicles Satelite Branch / Department Of Motor Vehicles / Department Of Public Safety

    Property Details for 296 Main St

    Year built
    2016
    Lot size
    3.02 lot acres
    Property size
    11,396 SF
    Zone code
    RSA
    Property type
    Day care centers
    APN
    NATI M:00000012 P:00000131
    APU
    NATIM00000012P00000131

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $782,000
      Market price range: $414k - $1.15M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $690,000
      Current use
      AUTO REPAIR, GARAGE
      $1,000,000
      Change: +45% Conversion: Difficult
      MEDICAL BUILDING
      $950,000
      Change: +38% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $925,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $880,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $710,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.363
    Latitude
    42.3103
    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
    $31,892
    $964,200
    $1,637,100
    $2,601,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $510,000
      10,481 SF

      15 Strathmore Rd

      DAY CARE, PRE-SCHOOL • 10,481 SF
      15 Strathmore Rd, Natick, MA 01760-2418
      View Details
    • Value Estimation
      $2,750,000
      9,921 SF

      71 Cottage St

      DAY CARE, PRE-SCHOOL • 9,921 SF
      71 Cottage St, Natick, MA 01760-5838
      View Details
    • Value Estimation
      $2,750,000
      5,986 SF

      73 Cottage St

      DAY CARE, PRE-SCHOOL • 5,986 SF
      73 Cottage St, Natick, MA 01760-5838
      View Details
    • Value Estimation
      $860,000
      20,301 SF

      6 Strathmore Rd

      DAY CARE, PRE-SCHOOL • 20,301 SF
      6 Strathmore Rd, Natick, MA 01760-2419
      View Details
    • Value Estimation by Request
      4,885 SF

      6 Mulligan St

      CHARITABLE ORGANIZATION • 4,885 SF
      6 Mulligan St, Natick, MA 01760-4606
      View Details
    • Value Estimation by Request
      7,558 SF

      4 Park St

      FUNERAL HOME • 7,558 SF
      4 Park St, Natick, MA 01760-4723
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,576 SF

      Natick Corner Lot Opportunity

      High-visibility corner lot ideal for owner-user or redevelopment.
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      7,676 SF office/flex building on 1.06 acres in Natick.
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      1,732 SF

      Natick Warehouse with Route 9 Visibility

      1,732 SF building with two drive-in doors and visibility.
      206 Worcester St, Natick, MA 01760
      View Details
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      28,422 SF

      Downtown Natick Retail Opportunity

      Retail space in a newly developed mixed-use building.
      21 Summer St, Natick, MA 01760
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    • 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

    Similar Nearby for Lease

    • $21 SF/Yr
      65,170 SF

      Natick Office Suites: Prime Location

      Modern office space, flexible layouts, ample parking.
      209 Central 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
    • Contact for pricing
      14,281 SF

      Office/Retail Space on Route 16

      1,200 SF office/retail space with street access and visibility.
      57 Eliot St, Natick, MA 01760
      View Details
    • Contact for pricing
      3,276 SF

      Natick Retail or Office Space

      Highly visible retail or office space in Natick, Massachusetts.
      780 Worcester St, Natick, MA 01760
      View Details
    • $23 SF/Yr
      30,000 SF

      Natick Executive Office Space

      Prime Natick Office, 1,552 SF Available
      190 Main St, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Industrial/Commercial Space For Lease

      1,500 Sq Ft light industrial/commercial space for lease.
      63 Washington Ave, Natick, MA 01760
      View Details
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    296 Main St
    Natick, MA 01760-1124
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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.

    More about this property
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