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

    553 Main St Tewksbury, MA 01876

    • Commercial real estate
    • 1.08 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1158622
    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

    • Ocean State Job Lot / Discount Store
    • Super Feet / Alternative Medicine Practice / Spa & Massage Center
    • Amy's Nails / Nail Salon
    • Merrimack Valley Car Club / Nightclub / Music Venue
    • NorthEast Electrical / Building Supply / Electrical Service

    Property Details for 553 Main St

    Year built
    1980
    Lot size
    1.08 lot acres
    Zone code
    COM
    Property type
    Commercial real estate
    APN
    TEWK M:0034 L:0080 U:U005
    APU
    TEWKM0034L0080UU005

    Description

    This exceptional retail property, located at 553 Main St in Tewksbury, Massachusetts (Middlesex County, zip code 01876), offers a prime opportunity for businesses seeking high visibility and ample space. The property is a multi-tenant strip center totaling 94,000 square feet, currently boasting approximately 5,500 square feet of immediately available space. This presents a unique chance to establish or expand your business in a thriving commercial area. The property features convenient access and significant parking, with approximately 200 parking spaces available for customers and employees. Its location in Tewksbury, MA, ensures high foot traffic and excellent visibility, making it an ideal location for a variety of retail businesses. The property's classification as a retail strip center provides a strong foundation for success, benefiting from the synergy of neighboring businesses. The available 5,500 square feet offers considerable flexibility for customization and tenant build-out, allowing for a space tailored to specific business needs. This is a rare opportunity to secure a prominent retail presence in a desirable Massachusetts location. Contact us today to learn more about this exceptional property and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tewksbury
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2546
    Latitude
    42.6184
    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
    $8,564
    $304,300
    $35,000
    $339,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      365 Main St

      COMMERCIAL (GENERAL) • 1.00 Acre
      365 Main St, Tewksbury, MA 01876-2535
      View Details
    • Value Estimation
      $995,000
      4,200 SF

      170 Riv Rd

      COMMERCIAL (GENERAL) • 4,200 SF
      170 Riv Rd, Tewksbury, MA 01876-1087
      View Details
    • Value Estimation
      $31,585,000
      484,857 SF

      875 Ee St

      SHOW ROOM, WAREHOUSE • 484,857 SF
      875 Ee St, Tewksbury, MA 01876-1469
      View Details
    • Value Estimation
      $21,360,000
      25.00 Acres

      100 Ames Pond Dr Ste, Unit 200

      COMMERCIAL (GENERAL) • 25.00 Acres
      100 Ames Pond Dr Ste, Tewksbury, MA 01876-1240
      View Details
    • Value Estimation
      $4,445,000
      34,100 SF

      1668 Shawsheen St

      SHOW ROOM, WAREHOUSE • 34,100 SF
      1668 Shawsheen St, Tewksbury, MA 01876-1531
      View Details
    • Value Estimation
      $1,170,000
      7,927 SF

      553 Main St Ste, Unit 3

      COMMERCIAL CONDOMINUIM • 7,927 SF
      553 Main St Ste, Tewksbury, MA 01876-1857
      View Details

    Similar Nearby for Sale

    • $999,999
      0.52 Acres

      Tewksbury Restaurant w/ Lease Income

      High-Visibility Restaurant, Great Lease!
      2254 Main St, Tewksbury, MA 01876
      View Details
    • $549,999
      2.56 Acres

      Tewksbury Main Street Commercial Space

      Prime Tewksbury location, versatile space available.
      2131 Main St, Tewksbury, MA 01876
      View Details
    • $175,000

      Tewksbury Office Condo - Great Location!

      713 sq ft office, ample parking, high traffic area.
      1565 Main St, Tewksbury, MA 01876
      View Details
    • Contact for pricing

      Land with Highway Access

      Land with flexible zoning and convenient highway access.
      832 North St, Tewksbury, MA 01876
      View Details
    • Contact for pricing
      3,260 SF

      Remodeled Freestanding Building For Sale

      Remodeled restaurant/bar with tenant, parking, and unfinished basement.
      2254 Main St, Tewksbury, MA 01876
      View Details
    • Contact for pricing

      Prime Restaurant Location on Route

      Restaurant with 200 seats, function room, full liquor license.
      885 Main St, Tewksbury, MA 01876
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,072 SF

      Three-Story Office Building For Rent

      Three-story red brick office building with skylit atrium lobby.
      1 Highwood Dr, Tewksbury, MA 01876
      View Details
    • Contact for pricing
      94,000 SF

      Tewksbury Retail Center Opportunity

      High-traffic retail space available in Tewksbury, MA
      553 Main St, Tewksbury, MA 01876
      View Details
    • Contact for pricing

      Tewksbury Office Building For Rent

      Two-story office building at I-495 and Route 133 junction.
      3 Highwood Dr, Tewksbury, MA 01876
      View Details
    • $18 SF/Yr
      60,060 SF

      Prime Middlesex County Office Space

      First-floor office, I-93 access, 5,890+ SF
      890 East St, Tewksbury, MA 01876
      View Details
    • $16 SF/Yr
      2,000 SF

      Retail Space on Main Street

      Retail suites available in Tewksbury, great visibility on Main
      616 Main St, Tewksbury, MA 01876
      View Details
    • Contact for pricing

      Retail Pad Site Available

      Retail pad site for lease in Tewksbury, Massachusetts.
      553 Main St, Tewksbury, MA 01876
      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.
    553 Main St
    Tewksbury, MA 01876
    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.