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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    524 Main St Acton, MA 01720-3301

    • Office buildings
    • 8,994 SF
    • 7.51 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2023
    $1,350,000
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0959875
    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

    • The Brookeside Group, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • Deborah R. Bauch, OTR / Physician
    • Astra Foundation / Charitable Organization / Social Service Agency
    • salesEQUITY / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 524 Main St

    Year built
    1986
    Construction
    FRAME
    Lot size
    7.51 lot acres
    Property size
    8,994 SF
    Property type
    Office buildings
    APN
    ACTO M:00E4 B:0024 L:0000
    APU
    ACTOM00E4B0024L0000

    Description

    This exceptional 4.23-acre parcel at 524 Main Street in Acton, Massachusetts, presents a unique investment opportunity. Located in Middlesex County, zip code 01720, this property boasts prime visibility with direct frontage on Main Street. Currently zoned Light Industrial (LI-1), the land offers considerable flexibility for various uses, including warehouse, manufacturing, office, and healthcare facilities. The zoning designation also allows for the potential development of a 40B planned residential project, subject to obtaining the necessary special permits. This presents a compelling opportunity to capitalize on the growing demand for both commercial and residential spaces in the Acton area. The site's strategic location provides excellent access to major transportation arteries, including Route 2 and I-495, ensuring convenient connectivity for both employees and residents. With its substantial size, versatile zoning, and advantageous location, this property is ideally suited for developers, investors, or end-users seeking a high-impact development project in a thriving Massachusetts community. The coordinates are 42.4836453 latitude and -71.4418101 longitude. This is a rare chance to acquire a significant land parcel in a desirable location with multiple development possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,250,000
      ML approach
      $1,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,410,000
      Market price range: $705k - $1.41M
      AI Estimate
      $1,737,000
      Market price range: $611k - $1.93M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,110,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,070,000
      Change: +86% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,380,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Acton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4292
    Latitude
    42.4913
    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
    $32,128
    $1,417,000
    $510,300
    $1,927,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,570,000
      46,276 SF

      36 Knox Trl

      OFFICE BUILDING • 46,276 SF
      36 Knox Trl, Acton, MA 01720-5935
      View Details
    • Value Estimation
      $5,650,000
      78,722 SF

      289 Great Rd

      OFFICE BUILDING • 78,722 SF
      289 Great Rd, Acton, MA 01720-4766
      View Details
    • Value Estimation
      $650,000
      3,108 SF

      268 Main St

      OFFICE BUILDING • 3,108 SF
      268 Main St, Acton, MA 01720-3713
      View Details
    • Value Estimation by Request
      4,306 SF

      518 Great Rd

      OFFICE BUILDING • 4,306 SF
      518 Great Rd, Acton, MA 01720-3415
      View Details
    • Value Estimation
      $9,900,000
      396,023 SF

      100 Nagog Park

      OFFICE BUILDING • 396,023 SF
      100 Nagog Park, Acton, MA 01720-3428
      View Details
    • Value Estimation
      $9,070,000
      107,034 SF

      18-22 Main St

      OFFICE BUILDING • 107,034 SF
      18-22 Main St, Acton, MA 01720
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,496 SF

      West Acton Village Retail Condo

      Prime commercial condo in vibrant West Acton, ideal for retail.
      25 Spruce St, Acton, MA 01720
      View Details
    • $1,500,000
      5,637 SF

      Acton Mixed-Use Investment Opportunity

      Historic Landmark, 5,637 SF, High Visibility
      144 Great Rd, Acton, MA 01720
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    • $1,125,000
      5,000 SF

      Acton Commercial Property: 61 Great Road

      Versatile Acton Commercial Space
      61 Great Rd, Acton, MA 01720
      View Details
    • $1,500,000

      Historic Landmark with Prime Frontage

      Historic landmark with excellent visibility in a vibrant commercial area.
      144 Great Rd, Acton, MA 01720
      View Details
    • $1,100,000
      3,012 SF

      Acton Retail Building - $1.1M

      Prime Acton retail space, owner-user opportunity.
      6 Great Rd, Acton, MA 01720
      View Details
    • Contact for pricing
      3,304 SF

      Retail Property in Acton, MA

      Retail property featuring 3,304 square feet in Acton, MA.
      457 Great Rd, Acton, MA 01720
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Acton Office/R&D Space For Rent

      Two-story, 20,000 SF office/R&D building with loading dock.
      100 Discovery Way, Acton, MA 01720
      View Details
    • Contact for pricing
      1,000 SF

      Acton Office Spaces Available

      Office spaces for rent in Acton, Massachusetts.
      42-54 Nonset Path, Acton, MA 01720
      View Details
    • Contact for pricing

      Professional Office Space on Route 2A

      Well-maintained office space with ample parking and great visibility.
      77 Great Rd, Acton, MA 01720
      View Details
    • Contact for pricing
      4,000 SF

      Prime Retail Space on Great Road

      Highly visible retail space in a heavily trafficked corridor.
      425 Great Rd, Acton, MA 01720
      View Details
    • Contact for pricing

      Retail Space Near Stop & Shop

      Retail space available near Stop & Shop and affluent communities.
      Acton, MA 01720
      View Details
    • $19 SF/Yr
      3,000 SF

      Retail Space in Acton, MA

      3,000 SF retail space available for lease.
      77 Powdermill Rd, Acton, MA 01720
      View Details
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    524 Main St
    Acton, MA 01720-3301
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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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