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    615 Southbridge St Auburn, MA 01501
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    Property profile & analytics

    615 Southbridge St Auburn, MA 01501

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    • Commercial real estate
    • 0.92 lot acres
    Off-Market
    Property ID
    US38-1489845
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 615 Southbridge St

    Year built
    1966
    Lot size
    0.92 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.92-acre commercial property in Auburn, MA, presents a prime lease or sale opportunity. Boasting 217 feet of high-visibility frontage along Route 12, this site ensures maximum exposure to significant daily traffic. Its strategic location at the intersection of major highways—I-90 (Mass Pike), I-395, Routes 20, 290, and 146—provides unparalleled accessibility for businesses and customers. The property is zoned Highway Business (HB), offering flexibility for a wide range of commercial uses. Situated just an hour from Boston, this location benefits from proximity to a large consumer base while maintaining a distinct identity within a rapidly developing area. The high traffic counts and excellent visibility make this an ideal location for businesses seeking to establish a strong presence in a thriving market. This property represents a rare opportunity for businesses seeking high visibility and convenient access to major transportation arteries, or for investors looking for a strong return on investment in a prime location. The substantial frontage and strategic location combine to create a compelling proposition for long-term growth and success. Serious inquiries are encouraged to explore the potential of this remarkable commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.84963
    Latitude
    42.18792

    Comparable in this City

    • $1,290,000
      0.46 Acres

      Auburn Commercial Property: High Visibility Location

      Prime Commercial Real Estate: High Traffic Area
      28 Appleton Rd, Auburn, MA 01501
      View Details
    • $3,000,000

      Prime Corner Lot Opportunity

      3.5-acre corner lot at signalized intersection for sale.
      879 Southbridge St, Auburn, MA 01501
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    • $950,000

      Retail Building on Southbridge Street

      Retail building for sale in a high-traffic location.
      718 Southbridge St, Auburn, MA 01501
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    • $1,750,000

      Auburn Commercial Lot on Route 12

      Cleared, paved 1-acre lot ideal for retail or commercial development.
      510 Southbridge Street Ct, Auburn, MA 01501
      View Details
    • Contact for pricing
      19,438 SF

      Auburn Office Building For Sale

      19,438 SF office building in Auburn, Massachusetts.
      421 Washington St, Auburn, MA 01501
      View Details

    Similar Nearby for Sale

    • $1,290,000
      0.46 Acres

      Auburn Commercial Property: High Visibility Location

      Prime Commercial Real Estate: High Traffic Area
      28 Appleton Rd, Auburn, MA 01501
      View Details
    • Contact for pricing

      Burger King NNN Investment Opportunity

      Net leased Burger King with 14 years remaining on lease.
      830 Southbridge St, Auburn, MA 01501
      View Details
    • $2,450,000

      Auburn Office Building Investment Opportunity

      19,438 SF Auburn property with leasing and owner-occupier potential.
      421 Washington St, Auburn, MA 01501
      View Details
    • $1,750,000

      Auburn Commercial Lot on Route 12

      Cleared, paved 1-acre lot ideal for retail or commercial development.
      510 Southbridge Street Ct, Auburn, MA 01501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Auburn Mall Ground Lease Opportunity

      Approximately 1 acre ground lease opportunity at the Auburn Mall.
      385 Southbridge St, Auburn, MA 01501
      View Details
    • Contact for pricing

      12 Acre Development Site

      12-acre development site available for sale or lease.
      809 Southbridge St, Auburn, MA 01501
      View Details
    • $12 SF/Yr

      Vintage Retail Space on Route 12

      6,860+/- SF retail space with visibility from I-290.
      6 Johnson St, Auburn, MA 01501
      View Details
    • $16 SF/Yr
      44,000 SF

      Auburn Retail Opportunity For Lease

      Junior box retail space available in Shaw's anchored shopping center.
      366-368 Southbridge St, Auburn, MA 01501
      View Details
    • New
      Contact for pricing
      11,280 SF

      Auburn Office Space For Rent

      Professional office space available in Auburn's Midstate Office Park.
      27 Midstate Dr, Auburn, MA 01501
      View Details
    • $4,000 /Mo
      2,558 SF

      Flexible Commercial Space on Route 20

      2,500 sq ft Auburn building, ideal for retail/office.
      8 Washington St, Auburn, MA 01501
      View Details
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    615 Southbridge St
    Auburn, MA 01501
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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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