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Property profile & analytics
FOR LEASE
Warehouses
360 Cedar Hill Rd, Northborough, MA 01532
Entity Owned
9-yr Hold
Free & Clear
Property ID
US38-1648811
For Lease
1 / 2
$11,075,000
360 Cedar Hill Rd, Northborough, MA 01532
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
118,864 SF
Lot
8.25 ac (359,414 SF)
Zoning code
I
APN
NBOR M:0670 L:0002
UPID
US38-1648811
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.54M
Blend (final)
Blend
$11.08M
Owner & transaction history
Scg 360 Cedar Hill St LLC · 9 yrs held
Scg 360 Cedar Hill St LLC
since 2016
2 recorded transactions
Zoning & alternative use
I · Northborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.2M
+52.9%
Office building
$16.2M
+35.5%
Neighborhood: shopping center
$15.0M
+25.8%
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
WAREHOUSE, STORAGE
$11,925,000
Current use
AUTO REPAIR, GARAGE
$18,235,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$16,165,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,000,000
Change: +26% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$14,260,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,080,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$11.08M
Range $9.97M – $12.18M · ±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
$93 / 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
$196,197
Tax year 2024
Assessed value
$13,739,300
Assessed 2024
Previous assessed
$13,739,300
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$1,914,900
Assessed improvement
$11,824,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Units
3
Bathrooms
4
Total area
118,864 SF
Lot
8.25 ac (359,414 SF)
Zoning code
I
APN
NBOR M:0670 L:0002
UPID
US38-1648811
Jurisdiction
NORTHBOROUGH
Zoning & alternative use
I · Northborough, MA
Zoning I · permitted uses
I · 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
WAREHOUSE, STORAGE Current
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$18.2M
OFFICE BUILDING
Est. value
$16.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.3M
COMMERCIAL (GENERAL)
Est. value
$13.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Units
3
Bathrooms
4
Lot
8.25 ac
Current owner
From public records · entity-resolved
Scg 360 Cedar Hill St LLC
Entity
Free & Clear · 9 yrs held
Mailing address
112 TPKE RD, WESTBOROUGH, MA 01581-2859
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2016
$11,800,000
Scg 360 Cedar Hill St LLC
360 Cedar Hill Holdings 3
Quit Claim Deed
—
Jun 20, 2013
$9,750,000
360 Cedar Hill Hldg 3 LLC
Ipers Cedar Hill INC
Quit Claim Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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