Property profile

8 Colonial Dr Westborough, MA 01581

OFF-MARKET
Assisted living facilities
Property ID
US38-1080942
39,804 SF 5 ac lot Built 1975
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1975
Construction STEEL FRAME
Total area 39,804 SF
Lot 5 ac (217,800 SF)
Zoning code BB
APN WBOR M:0021 B:000212 L:0
UPID US38-1080942

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home
  • Physician

Location

8 Colonial Dr Westborough, MA 01581-1407
Westborough metro Census 742300 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$825k
CAP Approach CAP
by Request
Comparable Approach Comparable
$868k
Blend (final) Blend
$845k

Owner & transaction history

since 2017
6 recorded transactions
2020
Price N/A
2018
Price N/A
2017
$2.4M
2013
$9.4M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BB · Westborough, MA
Zoning description

Projects in the Downtown Business District (BB) shall require a positive recommendation of the Design Review Board in accordance with § 3.6 . Projects in the SLO, but outside of the Downtown Business District, shall comp…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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