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    Property profile & analytics

    37 Hook St Southbridge, MA 01550

    • Retail space
    • 6,863 SF
    • 0.34 lot acres
    For Sale
    View listing
    $349,000
    Value Estimation
    Location Intelligence
    Property ID
    US38-0872103
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 37 Hook St

    Year built
    1896
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    6,863 SF
    Zone code
    CC
    Property type
    Retail space
    APN
    SBRI M:0035 B:0161 L:00001
    APU
    SBRIM0035B0161L00001

    Description

    Exceptional commercial opportunity awaits at 37 Hook Street, Southbridge, Massachusetts. This 6,836 square foot building presents a versatile space ideal for a variety of businesses. Currently operating as an oil company facility, the property offers significant potential for repurposing to suit diverse operational needs, including energy, logistics, or distribution. Its strategic location within a thriving commercial district ensures high visibility and convenient access to major roadways. The well-designed layout incorporates both office space and extensive storage areas, complemented by two loading docks for efficient handling of goods. Built in 1896, the property benefits from ample parking and all essential utilities, ensuring immediate operational readiness. The building is currently 100% occupied under a gross lease with a single tenant. This presents a compelling investment opportunity in a growing community with a robust business presence. The property is located in Worcester County, MA, zip code 01550.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $425,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $460,000
      Mixed-Use
      $420,000
      Hospitality
      $485,000
      Educational
      $485,000
      Residential Income
      $455,000
      Energy
      $425,000
      Income-Based Land
      $485,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0333
    Latitude
    42.0777
    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
    $3,356
    $60,900
    $159,000
    $219,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $215,000
      4,000 SF

      150 Central St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      150 Central St, Southbridge, MA 01550-3730
      View Details
    • Value Estimation by Request
      9,569 SF

      455 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,569 SF
      455 Main St, Southbridge, MA 01550-3760
      View Details
    • Value Estimation
      $170,000
      2,492 SF

      54 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,492 SF
      54 Main St, Southbridge, MA 01550
      View Details
    • Value Estimation
      $365,000
      3,094 SF

      916 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,094 SF
      916 Main St, Southbridge, MA 01550-1143
      View Details
    • Value Estimation
      $200,000
      3,240 SF

      236 Mechanic St

      RETAIL STORES (PERSONAL SERVICES) • 3,240 SF
      236 Mechanic St, Southbridge, MA 01550-1951
      View Details
    • Value Estimation
      $230,000
      5,725 SF

      144 Worcester St

      RETAIL STORES (PERSONAL SERVICES) • 5,725 SF
      144 Worcester St, Southbridge, MA 01550-1326
      View Details

    Similar Nearby for Sale

    • $450,000
      Pending

      Southbridge Commercial Space For Sale

      Newly finished office or retail space in Southbridge, Massachusetts.
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    • Contact for pricing
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      Southbridge Commercial Property For Sale

      Office, retail, and warehouse property in a Federal Opportunity Zone.
      37 Hook St, Southbridge, MA 01550
      View Details
    • $395,000
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      1.14 acre paved lot in high-traffic retail area.
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      Downtown Southbridge Office Building

      Three-story office building with a private club/bar in Southbridge.
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    Similar Nearby for Lease

    • $1.00 SF/Yr

      Southbridge Retail Spaces For Rent

      Five retail spaces available in Southbridge's central business district.
      100 Central St, Southbridge, MA 01550
      View Details
    • $22 SF/Yr
      35,491 SF

      Southbridge Office Space Available

      First-class office space with amenities in downtown Southbridge.
      14 Mechanic St, Southbridge, MA 01550
      View Details
    • $2,000 /Mo
      Pending

      Southbridge Commercial Space For Lease

      Newly renovated office or retail space in a Federal Opportunity Zone.
      476 Worcester St, Southbridge, MA 01550
      View Details
    • $300 /Mo

      Refurbished Schoolhouse Office Space Available

      Office space in a refurbished schoolhouse with included utilities.
      114 Pleasant 120, Southbridge, MA 01550
      View Details
    • $1,350 /Mo

      Refurbished Schoolhouse Commercial/Lab Space

      Commercial or lab space in a refurbished schoolhouse for rent.
      114 Pleasant B17, Southbridge, MA 01550
      View Details
    • $600 /Mo

      Refurbished Schoolhouse Office/Lab Space

      Office or lab space in a refurbished schoolhouse, utilities included.
      114 Pleasant 117, Southbridge, MA 01550
      View Details
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    37 Hook St
    Southbridge, MA 01550
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    Realmo Value Estimation

    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.

    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.

    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
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