Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    40 Southville Rd Southborough, MA 01772

    • Showrooms
    • 8,056 SF
    • 1.06 lot acres
    For Sale
    View listing
    Last Sale
    Aug 18, 2021
    $1,572,080
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1879660
    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

    • Rove Pest Control / Garden Center
    • Sharp Clean Inc / (Bike/Boat/Book/etc) Store
    • ADM Cleaning Maintenance Services Inc / Commercial Cleaning Service / Carpet Cleaning Service
    • gtt new england / General Contractor

    Property Details for 40 Southville Rd

    Year built
    2010
    Construction
    FRAME
    Lot size
    1.06 lot acres
    Property size
    8,056 SF
    Zone code
    I
    Property type
    Showrooms
    APN
    SBOR M:004.0 B:0000 L:0058.0
    APU
    SBORM0040B0000L00580

    Description

    This exceptional 2,000 square foot flex space, part of an 8,000 square foot Class A building at 40 Southville Road in Southborough, Massachusetts, offers a unique blend of office, warehouse, and cold storage capabilities. Built in 2010 and recently renovated in 2024, the property boasts high ceilings ranging from 15 to 18 feet, ideal for various uses. The space includes one loading dock, making logistics efficient. Located in Worcester County, this multi-tenant building provides easy access to major highways, offering superior commuter convenience equidistant between Boston and Worcester. The area is rich with amenities, including nearby restaurants and cafes, and benefits from a strong workforce supported by prominent companies and institutions such as Dell EMC, Harvard University, and more. This move-in ready space presents a fantastic opportunity for businesses seeking a versatile and strategically located property. The property features a combination of executive office space, refrigerated/cold storage, and flexible warehouse space, making it suitable for a wide range of businesses. The zip code is 01772.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,550,000
      ML approach
      $1,485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,210,000
      6.5%
      $1,120,000
      7%
      $1,040,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,520,000
      RETAIL STORES
      $1,265,000
      AUTO REPAIR, GARAGE
      $1,235,000
      OFFICE BUILDING
      $1,095,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,015,000
      APARTMENT HOUSE (5+ UNITS)
      $965,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Southborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5138
    Latitude
    42.268
    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
    $18,719
    $281,900
    $1,063,800
    $1,345,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,060,000
      24,286 SF

      156 Northboro Rd

      SHOW ROOM, WAREHOUSE • 24,286 SF
      156 Northboro Rd, Southborough, MA 01772-1048
      View Details
    • Value Estimation by Request
      9,480 SF

      251 Boston Rd

      SHOW ROOM, WAREHOUSE • 9,480 SF
      251 Boston Rd, Southborough, MA 01772-1304
      View Details
    • Value Estimation by Request
      5,280 SF

      66 Breakneck Hl Rd

      SHOW ROOM, WAREHOUSE • 5,280 SF
      66 Breakneck Hl Rd, Southborough, MA 01772-1809
      View Details
    • Value Estimation
      $5,220,000
      80,520 SF

      10 Tpke Rd

      SHOW ROOM, WAREHOUSE • 80,520 SF
      10 Tpke Rd, Southborough, MA 01772-2101
      View Details
    • Value Estimation by Request
      3,200 SF

      169 Boston Rd

      SHOW ROOM, WAREHOUSE • 3,200 SF
      169 Boston Rd, Southborough, MA 01772
      View Details
    • Value Estimation by Request
      7,524 SF

      175 Boston Rd

      SHOW ROOM, WAREHOUSE • 7,524 SF
      175 Boston Rd, Southborough, MA 01772-1621
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Route 9 Industrial Building

      15,500 SF light industrial building on 3.81 acres.
      251 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      8,000 SF

      Southborough Flex Warehouse/Storage Space

      2,000 SF flex space near major routes.
      40 Southville Rd, Southborough, MA 01772
      View Details
    • $1,000,000
      3,148 SF

      Prime Southborough Office Complex

      Two Buildings, 3,148 SF, High Visibility
      71 Turnpike Rd, Southborough, MA 01772
      View Details
    • $1,299,000

      Southborough Land Near Town Commons

      Land near schools and town amenities in Southborough, Massachusetts.
      1 Sears Rd, Southborough, MA 01772
      View Details
    • $199,000
      0.02 Acres

      Framingham Retail Liquor License

      Prime Framingham Location: Liquor License Transfer
      99 999, Framingham, MA 01772
      View Details
    • $1,495,000

      Industrial Land For Sale

      Three acres of industrial land available for purchase.
      20 Southville Rd, Southborough, MA 01772
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      Retail Space on Route 9

      Retail space available for lease on Route 9.
      255 Turnpike Rd, Southborough, MA 01772
      View Details
    • $15 SF/Yr
      1,195 SF

      Retail Space in Southborough

      Mixed-use retail and professional facility with high visibility.
      154 Turnpike Rd, Southborough, MA 01772
      View Details
    • $18 SF/Yr
      72,000 SF

      Executive Office Suites, Southborough MA

      Premium Office Space, Route 9 Access
      225 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      23,813 SF

      Southborough Office Space For Lease

      1,650 SF office space in central Southborough location.
      30 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      4,166 SF

      Class A Office Space Available

      72,000 SF Class A office space for lease.
      132 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      2,842 SF

      Class A Office Building

      50,000 SF office building with fitness facility.
      134 Turnpike Rd, Southborough, MA 01772
      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.
    40 Southville Rd
    Southborough, MA 01772
    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

    Google sign-in failed. Please try again or use another login method.