Property profile & analytics
50 Howe Ave Millbury, MA 01527-3264
- Industrial properties
- 9,200 SF
- 19.24 lot acres
OFF-MARKET
Value Estimations
$840,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US38-0580762
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
- Greenwood Industries Inc / Hardware & Home Improvement / General Contractor
- Insight Pest Solutions - Boston, MA / Garden Center
- A & A Office Installations Inc / Furniture & Home Goods
- Tripoint Technical Services / Laboratory
- Stellar Industries Corporation / Industrial Manufacturer / Production Facility
Property Details for 50 Howe Ave
- Year built
- 1940
- Lot size
- 19.24 lot acres
- Property size
- 9,200 SF
- Zone code
- I1
- Property type
- Industrial properties
- APN
- MILB M:045 B:0000194 L:
- APU
- MILBM045B0000194L
Description
This exceptional Millbury, MA industrial property, Howe Avenue Industrial Park, offers a variety of warehouse and distribution spaces totaling 258,100 square feet. Three buildings are available, with spaces ranging from a minimum of 4,500 square feet to a maximum contiguous space of 40,000 square feet. Building R, recently renovated (July 2024), boasts approximately 40,000 square feet (subdividable to approximately 20,000 square feet), featuring column-free space with approximately 20-30 foot ceiling heights, brand new LED lighting, electrical service, windows, and bathrooms. It includes three exterior and one interior tailboard height loading docks, plus two drive-in doors, and outdoor yard space. Building J offers approximately 27,500 square feet of column-free space with approximately 18-foot clear ceiling heights, two tailboard height loading docks, and access to one drive-in door. Potential for warehouse racking is available. Building D provides approximately 4,500 square feet with 30-foot clear ceiling heights and column-free space, sharing a loading dock. Additionally, approximately 1,200 square feet of office space and two 2,500 square foot Quonset huts are available. The property is zoned Industrial-1 and located in Worcester County, offering convenient access to Routes 20, 146, the Mass Pike, and I-290. The well-maintained property benefits from on-site landlord management, making it ideal for warehouse, distribution, manufacturing, or other industrial users seeking easy highway access and a secure environment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,152,000
Market price range: $329k - $1.15M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $735,000 Current use
- OFFICE BUILDING
- $1,250,000 Change: +70% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,160,000 Change: +58% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,105,000 Change: +50% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,015,000 Change: +38% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Millbury
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.756
- Latitude
- 42.1983
- 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
$64,455
$1,555,700
$3,316,200
$4,871,900
-
$0.00
$0.00
$0.00
