Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    351 Main St Southbridge, MA 01550-2928
    Back to Search
    Property profile & analytics

    351 Main St, Southbridge, MA 01550-2928

    View on Map
    • Showrooms
    • 3,000 SF
    • 3.79 lot acres
    Off-Market
    Property ID
    US38-1981876
    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

    • Showrooms

    Property Details for 351 Main St

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    3.79 lot acres
    Zone code
    M
    Property type
    Showrooms
    APN
    SBRI M:0033 B:0003A L:00001
    APU
    SBRIM0033B0003AL00001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 21, 2009 $5,000 Albert C West JR. Cools INC Grant Deed $256k · Savers Coop Bank
    Aug 31, 2004 — Cools INC — Deed Of Trust · related $1M · Ups Capital Busines Cr
    Apr 17, 1992 — Cools INC — Deed Of Trust · related $23k · Norman O Cloutier

    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
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0157
    Latitude
    42.0712
    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
    $3,408
    $102,000
    $121,300
    $223,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,468 SF

      102 Morris St

      SHOW ROOM, WAREHOUSE
      102 Morris St, Southbridge, MA 01550-2724
      View Details
    • Value Estimation by Request
      2,144 SF

      476 Worcester St

      SHOW ROOM, WAREHOUSE
      476 Worcester St, Southbridge, MA 01550-1381
      View Details
    • Value Estimation by Request
      6,208 SF

      505 Worcester St

      SHOW ROOM, WAREHOUSE
      505 Worcester St, Southbridge, MA 01550-1329
      View Details
    • Value Estimation
      $1,230,000
      27,804 SF

      24 Oakes Ave

      SHOW ROOM, WAREHOUSE
      24 Oakes Ave, Southbridge, MA 01550
      View Details
    • Value Estimation by Request
      1,710 SF

      32 Orch St

      SHOW ROOM, WAREHOUSE
      32 Orch St, Southbridge, MA 01550-4004
      View Details
    • Value Estimation by Request
      6,094 SF

      76 Morris St

      SHOW ROOM, WAREHOUSE
      76 Morris St, Southbridge, MA 01550-2722
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Downtown Southbridge Mixed-Use Building

      Investment opportunity: 15-unit building with storefronts in revitalizing downtown.
      318 Main St, Southbridge, MA 01550
      View Details
    • Contact for pricing
      1.17 Acres

      114 Pleasant St, Southbridge, MA 01550

      Commercial real estate
      114 Pleasant St, Southbridge, MA 01550
      View Details
    • Contact for pricing

      Updated Multifamily Complex For Sale

      Updated multifamily complex with commercial building and excellent rental history.
      9-11 Summer St, Southbridge, MA 01550
      View Details
    • Contact for pricing
      22,742 SF

      Updated Multifamily and Commercial Buildings

      Fully rented complex with updates and commercial potential.
      9-11 Summer St, Southbridge, MA 01550
      View Details
    • Contact for pricing

      Updated Multifamily Complex For Sale

      Multifamily complex with commercial building and strong rental history.
      9-11 Summer St, Southbridge, MA 01550
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,491 SF

      Southbridge Office Space Available

      First-class office space with amenities in downtown Southbridge.
      14 Mechanic St, Southbridge, MA 01550
      View Details
    • Contact for pricing

      Industrial Space with Garage Bays

      13,000 SF industrial space with flex and garage bays.
      80 Optical Dr, Southbridge, MA 01550
      View Details
    • Contact for pricing

      Southbridge Innovation Center Flex Space

      Flexible industrial and office space available in Southbridge Innovation Center.
      80 Optical Dr, Southbridge, MA 01550
      View Details
    • Contact for pricing
      989 SF

      Office Space Available For Rent

      989 SF office space available for rent.
      235 Main St, Southbridge, MA 01550
      View Details
    • Contact for pricing
      3,845 SF

      Southbridge Warehouse Space Available

      3,845 SF warehouse space for lease in Southbridge, MA.
      10 Cabot St, Southbridge, MA 01550
      View Details
    • $950 /Mo
      Pending

      Sturbridge Office Space Available

      Renovated office space with abundant natural light and handicap accessibility.
      630 Main St, Sturbridge, MA 01550
      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.
    351 Main St
    Southbridge, MA 01550-2928
    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
    351 Main St, Southbridge, MA, 01550
    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!