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

    572 Main St Sturbridge, MA 01566

    • Commercial real estate
    • 8,618 SF
    • 0.25 lot acres
    For Sale
    View listing
    $695,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1378522
    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

    • Commercial real estate

    Property Details for 572 Main St

    Year built
    1880
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    8,618 SF
    Property type
    Commercial real estate
    APN
    STUR M:415 B:000 L:2328-572
    APU
    STURM415B000L2328572

    Description

    This exceptional redevelopment opportunity presents the Blackington Building, a 8,618 square foot mixed-use property situated on a 2.7-acre lot at 572 & 595 Main St, Sturbridge, MA 01566. Currently boasting 100% occupancy with two tenants (CrossFit Sturbridge & Past to Present Antiques), this property offers significant upside. The building, constructed in 1880, features two stories and is zoned CTD, allowing for commercial use. The property includes a 50-space parking lot, and over an acre of flat, cleared land suitable for additional retail, office, or multifamily development. Town approval has already been granted for six loft-style apartments on the second floor, presenting a clear path for expansion. The asking price is $695,000, translating to $80.64 per square foot. This prime Sturbridge location offers high visibility and accessibility, promising strong rental income and significant investment returns. Don't miss this chance to acquire a historic building with immense potential in a thriving business district.

    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
    Sturbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.1142
    Latitude
    42.1164
    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
    $7,112
    $110,700
    $320,600
    $431,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $590,000
      6,046 SF

      538 Main St

      COMMERCIAL (GENERAL) • 6,046 SF
      538 Main St, Sturbridge, MA 01518-1210
      View Details
    • Value Estimation
      $630,000
      7,005 SF

      682 Main St

      COMMERCIAL (GENERAL) • 7,005 SF
      682 Main St, Sturbridge, MA 01518-1259
      View Details
    • Value Estimation by Request
      1,988 SF

      25 Brookfield Rd

      COMMERCIAL (GENERAL) • 1,988 SF
      25 Brookfield Rd, Sturbridge, MA 01518-1100
      View Details
    • Value Estimation by Request
      4,388 SF

      509 Main St

      COMMERCIAL (GENERAL) • 4,388 SF
      509 Main St, Sturbridge, MA 01518-1213
      View Details
    • Value Estimation by Request
      4,066 SF

      450 Main St

      COMMERCIAL (GENERAL) • 4,066 SF
      450 Main St, Sturbridge, MA 01518-1296
      View Details
    • Value Estimation by Request
      608 SF

      521 Main St

      COMMERCIAL (GENERAL) • 608 SF
      521 Main St, Sturbridge, MA 01518
      View Details

    Similar Nearby for Sale

    • $725,000

      Sturbridge Mixed-Use Investment Opportunity

      Semi-renovated 5-unit property with residential and commercial space.
      537 Main St, Sturbridge, MA 01518
      View Details
    • $318,000

      Undeveloped Land with Subdivision Potential

      Large Sturbridge land parcel with road frontage and tax benefits.
      266 Holland Rd, Sturbridge, MA 01518
      View Details
    • $1,650,000

      Sturbridge Mixed-Use Investment Opportunity

      Versatile 9-unit building with residential and commercial income potential.
      504 Main St, Sturbridge, MA 01518
      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.
    572 Main St
    Sturbridge, MA 01566
    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.