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Property profile & analytics
FOR LEASE
Super regional malls
318 Main St, Northborough, MA 01532
Entity Owned
37-yr Hold
~
Est. High Equity
Property ID
US38-1124727
For Lease
1 / 2
$4,165,000
318 Main St, Northborough, MA 01532
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,860 SF
Lot
6.94 ac (302,319 SF)
Zoning code
BE
APN
NBOR M:0470 L:0093
UPID
US38-1124727
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
-
Joanne Jean, Coldwell Banker Realty - Northborough Real Estate Agency
-
HOTWORX - Northborough, MA Gym & Fitness Center
-
The Neighborhood Tavern. Restaurant
-
Cindy Gordon Real Estate Real Estate Agency
-
Ehren Roder at Guaranteed Rate Affinity (NMLS #413794) Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$4.17M
Owner & transaction history
Fiskes Garden Ctr INC · 37 yrs held
Fiskes Garden Ctr INC
since 1989
7 recorded transactions
Zoning & alternative use
BE · Northborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+49.4%
Retail stores
$5.3M
+24.3%
Auto repair, garage
$5.2M
+21.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Northborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northborough submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,275,000
Current use
RESTAURANT
$6,385,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$5,315,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,195,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$4,605,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,065,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,725,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.17M
Range $3.75M – $4.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$69,041
Tax year 2024
Assessed value
$4,834,800
Assessed 2024
Previous assessed
$4,834,800
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$769,500
Assessed improvement
$4,065,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
11
Bathrooms
8
Total area
33,860 SF
Lot
6.94 ac (302,319 SF)
Zoning code
BE
APN
NBOR M:0470 L:0093
UPID
US38-1124727
Jurisdiction
NORTHBOROUGH
Zoning & alternative use
BE · Northborough, MA
Zoning BE · permitted uses
BE · Northborough, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.3M
RESTAURANT
Est. value
$6.4M
RETAIL STORES
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
11
Bathrooms
8
Lot
6.94 ac
Current owner
From public records · entity-resolved
Fiskes Garden Ctr INC
Entity
Mailing address
259 TPKE RD #100, SOUTHBOROUGH, MA 01772-1706
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2018
—
318 Post Road Corp
—
Deed
related
$2,800,000 · Digital FCU
Apr 30, 2012
—
318 Post Road Corp
—
Deed Of Trust
related
$3,500,000 · Digital FCU
May 16, 2008
—
318 Post Road Corp
—
Deed Of Trust
related
$2,800,000 · Digital FCU
Jul 21, 2005
—
318 Post Road Corp
—
Deed Of Trust
related
$3,500,000 · Hudson Savings Bank
Apr 20, 2005
—
Fiskes Gdn Ctr INC
—
Deed Of Trust
related
$900,000 · Ronald C Fiske
Jan 15, 1991
—
Fiskes Garden Ctr
—
Deed Of Trust
related
$1,250,000 · Hudson Savings Bank
Jun 8, 1990
—
Fiskes Garden Center
—
Deed Of Trust
related
$1,475,000 · Hudson Savings Bank
Jan 26, 1989
$450,000
Fiskes Garden Ctr INC
Sessler,eugene
Grant Deed
$875,000 · Westborough Savings
Jan 26, 1989
—
Fiskes Garden Ctr
—
Deed Of Trust
related
$875,000 · Westborough Savings
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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