Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    329 W Main St Northborough, MA 01532
    Property profile & analytics

    329 W Main St Northborough, MA 01532

    View on Map
    • Commercial real estate
    • 23,890 SF
    • 2.13 lot acres
    For Lease
    $2,700/Mo
    View Listing →
    Northborough Warehouse with Office Space For Lease
    $2,700/Mo
    3,500 SF

    Northborough Warehouse with Office Space

    3,500 SF warehouse with office space available for lease.

    329 W Main St, Northborough, MA
    View Listing
    Property ID
    US38-0476926
    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
    $1,110,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr. Gomes Remodeling / Hardware & Home Improvement / Kitchen & Bath Showroom
    • Heritage Welding & Fabrication / General Contractor
    • Eagle Environmental / Building Inspector / Home Inspector
    • Angel AV Pro / IT Consulting Firm / Tech Support Center
    • New Bridge Granite / Building Supply / Hardware & Home Improvement

    Property Details for 329 W Main St

    Year built
    1988
    Lot size
    2.13 lot acres
    Property size
    23,890 SF
    Zone code
    BW
    Property type
    Commercial real estate
    APN
    NBOR M:0810 L:0013
    APU
    NBORM0810L0013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,220,000
      ML approach
      $1,265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,514,000
      Market price range: $1.51M - $4.09M
      AI Estimate
      $1,004,000
      Market price range: $952k - $4.68M

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

    Location Insight

    • Map
    • Local Demand
    City
    Northborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6604
    Latitude
    42.3059
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT 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
    $25,538
    $387,300
    $1,401,100
    $1,788,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,250,000
      61,984 SF

      40 Bearfoot Rd

      COMMERCIAL (GENERAL) • 61,984 SF
      40 Bearfoot Rd, Northborough, MA 01532-1514
      View Details
    • Value Estimation
      $5,535,000
      80,360 SF

      241 Cutoff

      COMMERCIAL (GENERAL) • 80,360 SF
      241 Cutoff, Northborough, MA 01532-2115
      View Details
    • Value Estimation
      $9,270,000
      125,914 SF

      6102 Shops Way

      COMMERCIAL CONDOMINUIM • 125,914 SF
      6102 Shops Way, Northborough, MA 01532-3301
      View Details
    • Value Estimation by Request
      3,200 SF

      20 Allen Ct

      SHOW ROOM, WAREHOUSE • 3,200 SF
      20 Allen Ct, Northborough, MA 01532-1616
      View Details
    • Value Estimation
      $2,795,000
      39,208 SF

      380 Cutoff

      COMMERCIAL (GENERAL) • 39,208 SF
      380 Cutoff, Northborough, MA 01532-2126
      View Details
    • Value Estimation by Request
      1,316 SF

      160 Otis St Ste C1-3

      COMMERCIAL CONDOMINUIM • 1,316 SF
      160 Otis St Ste C1-3, Northborough, MA 01532-2455
      View Details

    Similar Nearby for Sale

    • $425,000
      2.47 Acres

      Northborough Buildable Lot Near Mt. Pisgah

      Buildable lot in desirable location with convenient access to amenities.
      429 Howard St, Northborough, MA 01532
      View Details
    • Contact for pricing

      Northborough Hospitality Asset For Sale

      77-key motel and 7,000 SF restaurant in Northborough.
      380 SW Cutoff, Northborough, MA 01532
      View Details
    • Contact for pricing

      Well-Maintained Two-Family with Garage

      Rare two-family near Routes 20, 9, and 290.
      86 Crestwood Dr, Northborough, MA 01532
      View Details
    • $333,336
      Pending

      Northborough Land For Sale

      Residential land available in Northborough, Massachusetts.
      343 Newton St, Northborough, MA 01532
      View Details
    • Contact for pricing
      1,959 SF

      Northborough Flex Space Available

      Premier flex space in an amenity-rich location near major routes.
      333 SW Cutoff, Northborough, MA 01532
      View Details
    • $325,000
      0.60 Acres

      Residential Land in Northborough, MA

      Land parcel near Bartlett Pond with utilities and convenient location.
      129 Bartlett St, Northborough, MA 01532
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      MA, Northborough - Bearfoot Road

      Discover many ways to work your way in MA, Northborough - Bearfoot Road
      44 Bearfoot Rd, Northborough, MA 01532
      View Details
    • $4,000 /Mo

      Renovated Commercial Units on Route 20

      Recently renovated commercial units with showroom and storage space available.
      168 Main St, Northborough, MA 01532
      View Details
    • Contact for pricing
      300,253 SF

      Northborough Warehouse Space Available

      300,253 sqft warehouse/distribution space in Northborough, Massachusetts.
      1 Beeman Rd, Northborough, MA 01532
      View Details
    • Contact for pricing

      Garage Bay For Lease

      Garage bay with drive-in door and highway access.
      41 Lawrence St, Northborough, MA 01532
      View Details
    • Contact for pricing
      5,115 SF

      Northborough Crossing Retail Space Available

      Retail spaces available in a large power center.
      9012 Shops Way, Northborough, MA 01532
      View Details
    • Contact for pricing

      Northborough Pad Site For Lease

      Up to 11,000 SF pad site available for lease.
      300 W Main St, Northborough, MA 01532
      View Details
    View Listing
    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.
    329 W Main St
    Northborough, MA 01532
    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
    329 W Main St, Northborough, MA, 01532
    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!