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Property profile & analytics
OFF-MARKET Estimated value $865,000
Retail space

308 Main St Northborough, MA 01532-2083

5,226 SF 0.83 ac lot Built 1982
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US38-0854007
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1982
Total area 5,226 SF
Lot 0.83 ac (36,155 SF)
Zoning code BE
APN NBOR M:0470 L:0094
UPID US38-0854007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Vina's Pizza Restaurant
  • Honey Dip Donuts Cafe & Coffee Shop
  • Bacon's Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.19M
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$865k
Owner & transaction history
308 Main LLC · 9 yrs held
308 Main LLC
since 2017
7 recorded transactions
2022
Price N/A
2017
$865,000
2008
Price N/A
2005
Price N/A
2003
Price N/A
1995
$140,000
1995
Price N/A
Zoning & alternative use
BE · Northborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

An accessory use shall be incidental and subordinate to the principal use on the lot. (2) An accessory use shall be located on the same lot as the principal residential or nonresidential use to which it is accessory, and shall not alter the character of the premises on which it is located or impair the area proximate to its location. E. Business and industri…

Zone name Business East
General category COMMERCIAL
Zone area 214.06 ac
Top alternative use upside
Restaurant $985,000 +20.2%
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