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    Property profile & analytics

    73 Main St Sturbridge, MA 01566-1203

    • Investment properties
    • 1,677 SF
    • 0.78 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2024
    $220,000
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    6.9%
    Investment properties
    Location Intelligence
    Property ID
    US38-1844168
    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

    • Investment properties

    Property Details for 73 Main St

    Year built
    1930
    Lot size
    0.78 lot acres
    Property size
    1,677 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    STUR M:415 B:000 L:3551-073
    APU
    STURM415B000L3551073

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $220,000
      ML approach
      $220,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $375,000
      6.5%
      $350,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $287,000
      Market price range: $106k - $287k
      AI Estimate
      $293,000
      Market price range: $73.9k - $294k

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0641
    Latitude
    42.0876
    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
    $7,882
    $79,300
    $398,700
    $478,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,355,000
      16,320 SF

      408 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 16,320 SF
      408 Main St, Sturbridge, MA 01566-1058
      View Details
    • Value Estimation
      $655,000
      25,783 SF

      277 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 25,783 SF
      277 Main St, Sturbridge, MA 01566-1254
      View Details
    • Value Estimation
      $265,000
      4,576 SF

      76 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,576 SF
      76 Main St, Sturbridge, MA 01566-1488
      View Details
    • Value Estimation
      $395,000
      2,430 SF

      62 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,430 SF
      62 Main St, Sturbridge, MA 01566-1244
      View Details
    • Value Estimation
      $255,000
      1,373 SF

      2 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,373 SF
      2 Main St, Sturbridge, MA 01566-1248
      View Details
    • Value Estimation
      $265,000
      1.99 Acres

      126 Riv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.99 Acres
      126 Riv Rd, Sturbridge, MA 01566-1413
      View Details

    Similar Nearby for Sale

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      Sturbridge Mixed-Use Redevelopment

      Historic building, high potential. Prime location.
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    • $599,000
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    • $2,212,750
      7,500 SF

      Sturbridge Office/Warehouse Complex

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    • $2,137,500

      Sturbridge Commercial Land & Building Opportunity

      Prime Central MA location, versatile zoning, development potential.
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    • $199,000

      Sturbridge Development Land Opportunity

      Development land with frontage on Fairview Park Road and Main Street.
      29 Fairview Park Rd, Sturbridge, MA 01566
      View Details
    • $1,990,000
      36.00 Acres

      1 Chase Rd

      Land • 36.00 Acres
      1 Chase Rd, Sturbridge, MA 01566
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Holiday Inn

      2,400 SF storefront in a high-performing Holiday Inn.
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      View Details
    • Contact for pricing
      4,180 SF

      Sturbridge Commercial Space

      Retail, Office, Warehouse Space Available
      559 Main St, Sturbridge, MA 01566
      View Details
    • $1,600 /Mo
      794 SF

      Renovated Mill Space Available

      Office or retail space in renovated mill with river views.
      559 Unit, Sturbridge, MA 01566
      View Details
    • Contact for pricing
      7,400 SF

      Prime Sturbridge Retail Space

      High-traffic location, flexible suites.
      350 Main St, Sturbridge, MA 01566
      View Details
    • $2,500 /Mo
      1,600 SF

      Renovated Mill Space Available

      Office or retail space in renovated mill with river views.
      559 Unit, Sturbridge, MA 01566
      View Details
    • $10 SF/Yr
      5,711 SF

      Sturbridge Office Space Available

      Flexible workspace solutions in MA.
      198 Charlton Rd, Sturbridge, MA 01566
      View Details
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    73 Main St
    Sturbridge, MA 01566-1203
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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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