Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    408 Main St Sturbridge, MA 01566-1058

    • Investment properties
    • 16,320 SF
    • 2.64 lot acres
    OFF-MARKET
    Value Estimation
    $2,305,000
    Last Sale
    Nov 22, 2024
    $2,280,000
    Location Intelligence
    Property ID
    US38-0402503
    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

    • Investment properties

    Property Details for 408 Main St

    Year built
    1971
    Construction
    FRAME
    Lot size
    2.64 lot acres
    Property size
    16,320 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    STUR M:415 B:000 L:2446-408
    APU
    STURM415B000L2446408

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,085,000
      6.5%
      $2,425,000
      7%
      $2,325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,035,000
      Geo Method
      $2,660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,395,000
      Retail
      $2,395,000
      Mixed-Use
      $2,070,000
      Hospitality
      $2,285,000
      Educational
      $2,565,000
      Residential Income
      $2,220,000
      Energy
      $2,535,000
      Income-Based Land
      $2,805,000
      Food Service
      $2,240,000

    Location Insight

    • Map
    • Local Demand
    City
    Sturbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0961
    Latitude
    42.112
    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
    $18,193
    $341,600
    $761,700
    $1,103,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $225,000
      1,373 SF

      2 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,373 SF
      2 Main St, Sturbridge, MA 01566-1248
      View Details
    • Value Estimation
      $225,000
      1.99 Acres

      126 Riv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.99 Acres
      126 Riv Rd, Sturbridge, MA 01566-1413
      View Details
    • Value Estimation by Request
      4,992 SF

      365 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,992 SF
      365 Main St, Sturbridge, MA 01566-2329
      View Details
    • Value Estimation by Request
      6,776 SF

      283 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,776 SF
      283 Main St, Sturbridge, MA 01566
      View Details
    • Value Estimation by Request
      2,352 SF

      71 Mashapaug Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,352 SF
      71 Mashapaug Rd, Sturbridge, MA 01566-1407
      View Details
    • Value Estimation
      $480,000
      7,124 SF

      320 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,124 SF
      320 Main St, Sturbridge, MA 01566
      View Details

    Similar Nearby for Sale

    • $695,000
      8,618 SF

      Sturbridge Mixed-Use Redevelopment

      Historic building, high potential. Prime location.
      572 Main St, Sturbridge, MA 01566
      View Details
    • $599,000
      8,618 SF

      Mixed-Use Property and Land Parcel

      Mixed-use property with development potential in Sturbridge, Massachusetts.
      572 Main St, Sturbridge, MA 01566
      View Details
    • $2,212,750
      7,500 SF

      Sturbridge Office/Warehouse Complex

      7,500 SF Office & Warehouse, 3 Units
      1A Berry Farms Rd, Sturbridge, MA 01566
      View Details
    • $2,137,500

      Sturbridge Commercial Land & Building Opportunity

      Prime Central MA location, versatile zoning, development potential.
      Berry Farms Rd, Sturbridge, MA 01566
      View Details
    • $599,900
      19.69 Acres

      Sturbridge Land with Development Potential

      19.69 acre Sturbridge land parcel near major routes.
      74 River Rd, Sturbridge, MA 01566
      View Details
    • $199,000

      Sturbridge Development Land Opportunity

      Development land with frontage on Fairview Park Road and Main Street.
      29 Fairview Park Rd, Sturbridge, MA 01566
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,180 SF

      Sturbridge Commercial Space

      Retail, Office, Warehouse Space Available
      559 Main St, Sturbridge, MA 01566
      View Details
    • $1,600 /Mo
      794 SF

      Renovated Mill Space Available

      Office or retail space in renovated mill with river views.
      559 Main St, Sturbridge, MA 01566
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Holiday Inn

      2,400 SF storefront in a high-performing Holiday Inn.
      21 New Boston Rd, Sturbridge, MA 01566
      View Details
    • Contact for pricing
      7,400 SF

      Prime Sturbridge Retail Space

      High-traffic location, flexible suites.
      350 Main St, Sturbridge, MA 01566
      View Details
    • $2,500 /Mo
      1,600 SF

      Renovated Mill Space with River Views

      Office or retail space in renovated mill with river views.
      559 Main St, Sturbridge, MA 01566
      View Details
    • $400 /Mo
      105 SF

      Sturbridge Commercial Office Space Available

      Professional office space for lease in Sturbridge, Massachusetts.
      49 Main St, Sturbridge, MA 01566
      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.
    408 Main St
    Sturbridge, MA 01566-1058
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.