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    Property profile & analytics

    40 Optical Dr Southbridge, MA 01550-2573

    • Manufacturing properties
    • 24,755 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Location Intelligence
    Property ID
    US38-0916279
    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

    • Manufacturing properties

    Property Details for 40 Optical Dr

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    24,755 SF
    Property type
    Manufacturing properties
    APN
    SBRI M:0037 B:0005 L:00040
    APU
    SBRIM0037B0005L00040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $470,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $435,000
      Mixed-Use
      $510,000
      Hospitality
      $460,000
      Educational
      $445,000
      Residential Income
      $420,000
      Energy
      $525,000
      Income-Based Land
      $550,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0233
    Latitude
    42.0735
    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
    $3,403
    $152,400
    $70,600
    $223,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      159,088 SF

      50 Optical Dr

      MANUFACTURING (LIGHT) • 159,088 SF
      50 Optical Dr, Southbridge, MA 01550-2584
      View Details
    • Value Estimation by Request
      33,152 SF

      10 Cabot St

      MANUFACTURING (LIGHT) • 33,152 SF
      10 Cabot St, Southbridge, MA 01550-2683
      View Details
    • Value Estimation by Request
      9,730 SF

      114 Pleasant St

      MANUFACTURING (LIGHT) • 9,730 SF
      114 Pleasant St, Southbridge, MA 01550-1236
      View Details
    • Value Estimation
      $360,000
      17,680 SF

      126 Ashland Ave

      MANUFACTURING (LIGHT) • 17,680 SF
      126 Ashland Ave, Southbridge, MA 01550-2804
      View Details
    • Value Estimation
      $440,000
      22,790 SF

      73 Ashland Ave

      MANUFACTURING (LIGHT) • 22,790 SF
      73 Ashland Ave, Southbridge, MA 01550
      View Details
    • Value Estimation by Request
      168,028 SF

      62 Ml St

      MANUFACTURING (LIGHT) • 168,028 SF
      62 Ml St, Southbridge, MA 01550
      View Details

    Similar Nearby for Sale

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      198,300 SF industrial building suited for marijuana cultivation and manufacturing.
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    • $4,000,000
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      35 Optical Dr

      Manufacturing properties • 198,300 SF
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    • $475,000
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      Historic Office Building For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      34,150 SF

      Southbridge Industrial Space for Lease

      13,000 SF industrial space suitable for flex, warehousing, storage.
      80 Optical Dr, 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
    • $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
      2,144 SF

      Southbridge Commercial Space For Rent

      Office or retail space available in Southbridge, Massachusetts.
      476 Worcester St, Southbridge, MA 01550
      View Details
    • $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
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    40 Optical Dr
    Southbridge, MA 01550-2573
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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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