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Financial
Distress signals
Property profile

69 Milk St Westborough, MA 01581

FOR LEASE
Office buildings
Property ID
US38-1922022
41,299 SF 1.98 ac lot Built 1902
Last sale Nov 2016 · $5,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
69 Milk St, Westborough, MA 01581 For Lease 1 / 4
$18 SF/Yr 1,080 SF available
69 Milk St, Westborough, MA 01581
View Listing

Property summary

AI-generated overview

The property is a first-floor office suite measuring 2,974 square feet within a 40,000-square-foot building constructed in 1902, featuring historic mill details. The suite layout includes two private offices, a reception area, a breakroom, and three conference rooms, with additional access to shared conference room space, café areas, and outdoor seating. The building is located on Route 135 between the Westborough rotary and Route 9, providing access to nearby highways, and it is zoned IND.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$70k
Tax billed · 2024
Assessed value$4.24M
Assessed land$696k
Assessed improvement$3.55M
Effective rate1.64%

Value estimate

· Oct 2026
$5.45M
$4.91M – $6.00M
Submarket $/SF estimate$5.44M
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$6k
Operating expenses−$7k
NOI · 109,350.00% cap applied$20k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$136/SF
County average, outlier-cleaned · 301 recorded sales of this use type
Observed band · Q1–Q3$74 – $211

Cap rate analysis

How does the asset earn?
109,350.00%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BB
Projects in the Downtown Business District (BB) shall require a positive recommendation of the Design Review Board in accordance with § 3...
General categoryCOMMERCIAL
JurisdictionWESTBOROUGH

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.1
Locksmith8.8
Carpet & Flooring Store8.7

Location

69 Milk St Westborough, MA 01581
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
116 Flanders, Westborough, MA 01581-1072 $365,000 May 2025 36,984 SF
287 Tpke, Westborough, MA 01581-2856 $6,400,000 Nov 2024 47,080 SF
80 Tpke, Westborough, MA 01581-1730 $3,500,000 Aug 2024 27,500 SF
112 Tpke, Westborough, MA 01581-2859 $19,914,382 Dec 2022 71,546 SF
114 Tpke, Westborough, MA 01581-2861 $19,914,382 Dec 2022 71,698 SF
106 Main, Westborough, MA 01581-1417 $91,948,929 Jun 2019 41,688 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $6,400,000
    47,080 SF
    287 Tpke Rd
    OFFICE BUILDING
    287 Tpke Rd, Westborough, MA 01581-2856
    View Details
  • Value Estimation
    $7,735,000
    57,922 SF
    1 Technology Dr
    OFFICE BUILDING
    1 Technology Dr, Westborough, MA 01581-1786
    View Details
  • Value Estimation
    $3,735,000
    68,415 SF
    2000 Park Dr
    OFFICE BUILDING
    2000 Park Dr, Westborough, MA 01581-3923
    View Details
  • Value Estimation
    $20,125,000
    71,698 SF
    114 Tpke Rd
    OFFICE BUILDING
    114 Tpke Rd, Westborough, MA 01581-2861
    View Details
  • Value Estimation
    $20,160,000
    72,148 SF
    110 Tpke Rd
    OFFICE BUILDING
    110 Tpke Rd, Westborough, MA 01581-2864
    View Details
  • Value Estimation
    $4,245,000
    20,969 SF
    182 Tpke Rd
    OFFICE BUILDING
    182 Tpke Rd, Westborough, MA 01581-2830
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    192,230 SF
    Large Office Building
    Substantial office property positioned within an established office park in the Greater Boston Metrowest region.
    900 West Park Drive, Westborough, MA 01581
    View Details
  • New
    Contact for pricing
    6,060 SF
    Second-Floor Office Suite
    Second-floor office suite with five rooms, including two private offices, a server room, and a half bathroom.
    116 E Main Street, Westborough, MA 01581
    View Details
  • New
    $1,595,000
    Professional Office Building
    Well-maintained office building on Route 9 offering flexible space for professional and medical-related uses.
    3 Oak St, Westborough, MA 01581
    View Details

Similar Nearby for Lease

  • Contact for pricing
    4,500 sqft
    Three-Story Office Building with Fitness Room
    Three-story office building with a common fitness room featuring showers and lockers and a shared kitchen/break room.
    287 Turnpike Rd, Westborough, MA 01581
    View Details
  • Contact for pricing
    62,000 sqft
    Campus Office and Lab Space
    Renovating office building with floor plates over 150,000 SF and amenities including cafeteria, fitness, and conference space.
    4400 Computer Dr, Westborough, MA 01581
    View Details
  • Contact for pricing
    26,000 sqft
    Office Building with Fitness Center
    Office building on wooded conservation land with renovated cafeteria, fitness center, and indoor garage parking.
    118 Flanders Rd, Westborough, MA 01581
    View Details
  • New
    Contact for pricing
    Premier Westborough Office Park Portfolio
    Eight-building office portfolio in a 153-acre master-planned park.
    1700 West Park Drive, Westborough, MA 01581
    View Details
  • New
    Contact for pricing
    8,032 sqft
    Office Campus with Flexible Suites
    Flexible office suite options are available within an office campus with updated common areas and amenities.
    1500 W Park Dr, Westborough, MA 01581
    View Details
  • New
    Contact for pricing
    7,788 sqft
    Office Suite with Conference Facilities
    Office space offering lockers, showers, a cafeteria, and an on-site conference facility.
    1400 Computer Dr, Westborough, MA 01581
    View Details
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