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    Property profile & analytics

    5 Ml St Northborough, MA 01532-1905

    • Investment properties
    • 4,590 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $855,000
    Last Sale
    Apr 03, 2024
    $860,000
    Location Intelligence
    Property ID
    US38-1935835
    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

    • Scanlon Finance Services Inc / Financial Planner

    Property Details for 5 Ml St

    Year built
    1900
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Property size
    4,590 SF
    Zone code
    DB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NBOR M:0540 L:0048
    APU
    NBORM0540L0048

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $860,000

    • CAP approach

      CAP return
      Estimation
      6%
      $885,000
      6.5%
      $890,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $980,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $700,000
      Retail
      $635,000
      Mixed-Use
      $725,000
      Hospitality
      $635,000
      Educational
      $815,000
      Residential Income
      $620,000
      Energy
      $825,000
      Income-Based Land
      $715,000
      Food Service
      $850,000

    Location Insight

    • Map
    • Local Demand
    City
    Northborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6432
    Latitude
    42.3215
    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
    $8,868
    $188,300
    $432,700
    $621,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,530 SF

      33 Ss St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,530 SF
      33 Ss St, Northborough, MA 01532-2663
      View Details
    • Value Estimation by Request
      980 SF

      17-21 Bartlett St

      OFFICE/RESIDENTIAL (MIXED USE) • 980 SF
      17-21 Bartlett St, Northborough, MA 01532
      View Details
    • Value Estimation by Request
      4,116 SF

      168 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,116 SF
      168 Main St, Northborough, MA 01532-1624
      View Details
    • Value Estimation by Request
      1,623 SF

      12 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,623 SF
      12 Main St, Northborough, MA 01532-1924
      View Details
    • Value Estimation by Request
      805 SF

      12-14 King St

      OFFICE/RESIDENTIAL (MIXED USE) • 805 SF
      12-14 King St, Northborough, MA 01532
      View Details
    • Value Estimation
      $285,000
      2,384 SF

      67 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,384 SF
      67 Main St, Northborough, MA 01532-1943
      View Details

    Similar Nearby for Sale

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    • New
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      Pending

      Northborough Buildable Residential Lot

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      15.72 Acres

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    Similar Nearby for Lease

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    • $11 SF/Yr
      6,249 SF

      Northborough Office Space for Lease

      Flexible workspace solutions in MA.
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    • Contact for pricing
      6,745 SF

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      Prime Office Space, Build-to-Suit Option
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      View Details
    • Contact for pricing
      27,533 SF

      Northborough Warehouse Space Available

      27,533 SF warehouse with loading docks and ample parking.
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      View Details
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    5 Ml St
    Northborough, MA 01532-1905
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    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
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