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

    48 Main St Northborough, MA 01532-1851

    • Gas stations
    • 1,229 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Dec 27, 2023
    $750,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0682478
    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

    • SUNOCO / Gas Station / Atm
    • Montuam’s auto service / Auto Repair Shop

    Property Details for 48 Main St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    1,229 SF
    Zone code
    DB
    Property type
    Gas stations
    APN
    NBOR M:0630 L:0059
    APU
    NBORM0630L0059

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $821,000
      Market price range: $296k - $1.14M

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

    Location Insight

    • Map
    • Local Demand
    City
    Northborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6451
    Latitude
    42.32
    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
    $7,094
    $0.00
    $496,800
    $496,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $380,000
      450 SF

      23 Belmont St

      GAS STATION • 450 SF
      23 Belmont St, Northborough, MA 01532-2418
      View Details
    • Value Estimation
      $675,000
      1,460 SF

      35 Main St

      SERVICE STATION (FULL SERVICE) • 1,460 SF
      35 Main St, Northborough, MA 01532-1850
      View Details
    • Value Estimation
      $3,715,000
      3,976 SF

      15 Main St

      GAS STATION • 3,976 SF
      15 Main St, Northborough, MA 01532-1923
      View Details
    • Value Estimation
      $450,000
      2,121 SF

      36 Main St

      GAS STATION • 2,121 SF
      36 Main St, Northborough, MA 01532-1851
      View Details
    • Value Estimation
      $305,000
      0.95 Acres

      24 Belmont St

      PARKING LOT • 0.95 Acres
      24 Belmont St, Northborough, MA 01532
      View Details
    • Value Estimation
      $390,000
      2,017 SF

      25 Bartlett St

      AUTO REPAIR, GARAGE • 2,017 SF
      25 Bartlett St, Northborough, MA 01532-1636
      View Details

    Similar Nearby for Sale

    • $1,500,000
      7,632 SF

      Mixed-Use Property with Residential Units

      Versatile property with retail space and townhouse-style condominiums.
      90 W Main St, Northborough, MA 01532
      View Details
    • $1,395,000

      Mixed-Use Flex Space Available

      Fully leased mixed-use property with flex, retail, office, apartment.
      94 Main St, Northborough, MA 01532
      View Details
    • $525,000
      5.37 Acres

      Residential Land in Castle Subdivision

      Buildable lot in Northborough's sought-after Castle neighborhood.
      25 Castle Rd, Northborough, MA 01532
      View Details
    • $425,000
      2.47 Acres

      Northborough Buildable Lot Near Mt. Pisgah

      Buildable lot in desirable location with convenient access to amenities.
      429 Howard St, Northborough, MA 01532
      View Details
    • $333,336
      4.34 Acres

      Northborough Land For Sale

      Residential land available in Northborough, Massachusetts.
      343 Newton St, Northborough, MA 01532
      View Details
    • $1,385,000

      Land Approved for Warehouse

      4.17-acre land with permit for warehouse in Northborough, MA.
      29 Lyman St, Northborough, MA 01532
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      646,902 SF

      Northborough Crossing Retail Space

      Prime Worcester County retail space available.
      0 Shops Way & Rte 20, Northborough, MA 01532
      View Details
    • $4,000 /Mo
      4,116 SF

      Renovated Showroom and Storage Space

      Renovated commercial units with showroom and storage space available.
      168 Main St, Northborough, MA 01532
      View Details
    • Contact for pricing
      4,241 SF

      Mixed-Use Commercial Building For Rent

      Two-story commercial building with retail, dining, office, and medical spaces.
      318 Main St, Northborough, MA 01532
      View Details
    • Contact for pricing
      2,115 SF

      Retail Space in Northborough Center

      Retail spaces available in a power shopping center.
      9102-9114 Shops Way, Northborough, MA 01532
      View Details
    • $10,000 /Mo
      14,810 SF

      New Retail Space Available

      Brand new 4000 sq ft retail space for lease.
      89 Main St, Northborough, MA 01532
      View Details
    • Contact for pricing
      4,442 SF

      Northborough Crossing Retail Space

      Retail space available in a large, open-air shopping center.
      8104-8120 Shops Way, Northborough, MA 01532
      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.
    48 Main St
    Northborough, MA 01532-1851
    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.
    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.