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    477 Main St Athol, MA 01331-1827
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    Property profile & analytics

    477 Main St, Athol, MA 01331-1827

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    • Investment properties
    • 9,862 SF
    • 0.24 lot acres
    Off-Market
    Property ID
    US38-0150750
    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.
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 477 Main St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ATHO M:00030 B:00236 L:00000
    APU
    ATHOM00030B00236L00000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2022 — M Jemms Worcester 1 LLC — Deed · related $4.9M · Silicon Valley Bank
    Dec 29, 2017 — M Jemms Athol 4 LLC M Jemms LLC Quit Claim Deed · related —
    Jul 15, 2015 $375,000 M Jemms LLC Willard,jerome L Quit Claim Deed —
    Apr 23, 2015 $150,000 Jerome L Willard Michael Bahery Quit Claim Deed · related $240k · Hometown Bank NA
    Oct 21, 2014 — Jerome L Willard Woods,linda S Personal Representative Deed —
    Feb 4, 2011 — Linda Woods — Deed Of Trust · related $135k · Athol Savings Bank
    Sep 2, 2008 $185,000 Linda Woods Johnson,julie Grant Deed —
    Oct 29, 2007 $1 Julie Johnson Myto RT Grant Deed —
    May 11, 2001 — Myto Rlty Trust — Deed Of Trust · related $113k · Athol-clinton Coop Bank
    May 10, 2001 $96,769 Myto RT Millers River Ctr Reg Grant Deed $113k · Athol-clinton Coop Bank
    May 12, 1999 $125,000 Millers River Center Delta Bldg RT Grant Deed $25k · Zuckerman Family Nomi
    Jun 12, 1987 $160,000 Delta Bldg RT Waldman,ida Grant Deed $324k · Shawmutbk Franklncnty
    — — M Jemms LLC — Deed Of Trust · related $360k · Jeanne D'arc Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $727,000
      Market price range: $625k - $1.69M
      AI Estimate
      $583,000
      Market price range: $312k - $1.24M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,085,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,185,000
      Change: +9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $990,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Athol
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.2303
    Latitude
    42.5936
    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
    $6,230
    $93,000
    $392,600
    $485,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      806 SF

      270 Royalston Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      270 Royalston Rd, Phillipston, MA 01331-9362
      View Details
    • Value Estimation by Request
      5,676 SF

      34 Exchange St

      OFFICE/RESIDENTIAL (MIXED USE)
      34 Exchange St, Athol, MA 01331-1812
      View Details
    • Value Estimation by Request
      10,314 SF

      447 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      447 Main St, Athol, MA 01331-1842
      View Details
    • Value Estimation
      $1,155,000
      15,996 SF

      359 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      359 Main St, Athol, MA 01331-2241
      View Details
    • Value Estimation by Request
      2,688 SF

      20 Exchange St

      OFFICE/RESIDENTIAL (MIXED USE)
      20 Exchange St, Athol, MA 01331-1812
      View Details
    • Value Estimation by Request
      5,914 SF

      50 Exchange St

      OFFICE/RESIDENTIAL (MIXED USE)
      50 Exchange St, Athol, MA 01331-1878
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,800 SF

      Leased Mixed-Use Investment Opportunity

      Mixed-use property featuring residential, auto dealer, and auto repair tenants.
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    • $1,199,000

      Retail Strip on Main Street

      Retail property with four storefronts in Athol, Massachusetts.
      123 South Main St, Athol, MA 01331
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      Retail Strip on Main Street

      High-visibility retail strip with four storefronts in Athol, MA.
      123 S Main St, Athol, MA 01331
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    • $599,900

      9.64 Acres Vacant Land

      9.64-acre vacant lot zoned Industrial/Commercial on Route 202.
      706 Petersham Rd, Athol, MA 01331
      View Details
    • Contact for pricing

      Spacious Three-Unit Multifamily Property

      Three-unit property with income potential and versatile living options.
      52-56 Green St, Athol, MA 01331
      View Details
    • Contact for pricing

      Phillipston Land at Route 2 Interchange

      Land with high traffic, ideal for retail or industrial development.
      39 Baldwin Hill Rd, Phillipston, MA 01331
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    Similar Nearby for Lease

    • Contact for pricing

      Grocery-Anchored Shopping Center Space

      Retail, restaurant, and entertainment space available in Athol, MA.
      130 Market Dr, Athol, MA 01331
      View Details
    • Contact for pricing
      2,200 SF

      New Retail Development in Athol

      Retail space available in new shopping center development.
      130-184 Market Dr, Athol, MA 01331
      View Details

    Property Visit Statistics

    • Visits by month
      800
    • Visitors by month
      669
    • Avg Time on site
      23 min
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    Athol, MA 01331-1827
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    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
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