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    Property profile & analytics

    494 Main St Woburn, MA 01801-4236

    • Retail space
    • 2,136 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    9.4%
    Retail space
    Location Intelligence
    Property ID
    US38-0575468
    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

    • Woburn Butcher Shop & Market / Market / Grocery Store
    • Casa Nova Market(Açougue e Padaria Brasileira) / Grocery Store / Market

    Property Details for 494 Main St

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Property size
    2,136 SF
    Zone code
    B-D
    Property type
    Retail space
    APN
    WOBU M:43 B:17 L:07 U:00
    APU
    WOBUM43B17L07U00

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $272,000
      Market price range: $126k - $327k

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

    Location Insight

    • Map
    • Local Demand
    City
    Woburn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.151
    Latitude
    42.4822
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    $8,040
    $135,400
    $272,300
    $407,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $490,000
      12,937 SF

      891 Main St

      RETAIL STORES (PERSONAL SERVICES) • 12,937 SF
      891 Main St, Woburn, MA 01801-1803
      View Details
    • Value Estimation
      $365,000
      7,245 SF

      888 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,245 SF
      888 Main St, Woburn, MA 01801-1811
      View Details
    • Value Estimation
      $320,000
      5,260 SF

      442 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,260 SF
      442 Main St, Woburn, MA 01801-4235
      View Details
    • Value Estimation
      $375,000
      1,860 SF

      173rd Cambridge Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
      173rd Cambridge Rd, Woburn, MA 01801-4703
      View Details
    • Value Estimation
      $1,875,000
      8,984 SF

      911 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,984 SF
      911 Main St, Woburn, MA 01801-1285
      View Details
    • Value Estimation
      $325,000
      2,225 SF

      394 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,225 SF
      394 Main St, Woburn, MA 01801-4235
      View Details

    Similar Nearby for Sale

    • $1,549,000
      3,782 SF

      Former Bank Branch Office Building

      Two-story commercial building suitable for owner-user or investment.
      573 Main St, Woburn, MA 01801
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    • $175,000

      Turnkey Restaurant in Central Square

      Established restaurant for sale in Woburn's Central Square.
      442 Main St, Woburn, MA 01801
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    • $975,000
      4.50 Acres

      Woburn Commercial Land - 4.5 Acres

      Prime Woburn location, R-2 zoned, development opportunity.
      1071 Main St, Woburn, MA 01801
      View Details
    • Contact for pricing
      20,130 SF

      Woburn Warehouse Space Available

      20,130 square foot warehouse in Woburn, Massachusetts.
      240 Salem St, Woburn, MA 01801
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    • $1,498,000

      Woburn Town Center Condo Building

      Four-unit condo building in Woburn's thriving town center.
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    • Contact for pricing
      20,000 SF

      Woburn Warehouse For Sale

      20,000 SF warehouse available for sale in Woburn, MA.
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    Similar Nearby for Lease

    • $4,200 /Mo

      Woburn Retail Space For Rent

      Prime retail space in downtown Woburn with high foot traffic.
      405 Main St, Woburn, MA 01801
      View Details
    • Contact for pricing
      2,534 SF

      Retail Space Near Target

      Retail space available in a dominant retail location.
      99 Commerce Way, Woburn, MA 01801
      View Details
    • Contact for pricing
      5,281 SF

      Retail Space on Washington Street

      Retail space for lease with high traffic and redevelopment.
      335 Washington St, Woburn, MA 01801
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space in Woburn Village

      Retail and restaurant spaces available in Woburn Village.
      290 Mishawum Rd, Woburn, MA 01801
      View Details
    • Contact for pricing
      3,027 SF

      Woburn Office/Retail Space Available

      3,027 SF office, retail, or medical space for lease.
      215 Lexington St, Woburn, MA 01801
      View Details
    • Contact for pricing
      5,000 SF

      Woburn Retail Space - 5,000 SF

      Prime Woburn retail space, 1.54 acres, immediate occupancy.
      325 Montvale Ave, Woburn, MA 01801
      View Details
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    494 Main St
    Woburn, MA 01801-4236
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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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