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

    8 New Athol Rd Orange, MA 01364-9602

    • Auto shops
    • 304 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1346130
    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

    • Auto shops

    Property Details for 8 New Athol Rd

    Year built
    1955
    Construction
    FRAME
    Lot size
    1.50 lot acres
    Property size
    304 SF
    Zone code
    D
    Property type
    Auto shops
    APN
    ORAN M:0112 B:0000 L:00032
    APU
    ORANM0112B0000L00032

    Description

    This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in Orange, Massachusetts. Strategically located at 8 New Athol Rd, this property boasts over 1167 feet of street frontage across three separate roads: East Main Street, New Athol Road, and Old Athol Road. The high traffic count and excellent visibility make this an ideal site for a variety of commercial ventures. Its proximity to major box stores further enhances its appeal. The land itself is level and cleared, offering significant development potential. The zoning is AC, and further details are available upon request. Utilities are readily accessible, with water and electric at the street, and sewer utilities nearby. The property is served by public, paved roads with public maintenance. The area offers a wealth of amenities, including public transportation, shopping centers, parks, walking trails, recreational facilities (tennis courts, golf course, stables), medical facilities, a laundromat, and houses of worship. Easy highway access is also a key advantage. The possibilities are numerous, from single to multi-building developments, making this a truly versatile and attractive investment. This is a rare opportunity to acquire a highly visible and well-situated commercial property in a thriving area.

    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
    Orange
    County
    Franklin
    State
    Massachusetts
    Longitude
    -72.2808
    Latitude
    42.586
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA 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
    $1,746
    $83,400
    $16,700
    $100,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      504 Riv St

      AUTO REPAIR, GARAGE • 2,400 SF
      504 Riv St, Orange, MA 01364-1812
      View Details
    • Value Estimation by Request
      1,800 SF

      105 Fairman Rd

      AUTO REPAIR, GARAGE • 1,800 SF
      105 Fairman Rd, Orange, MA 01364
      View Details
    • Value Estimation by Request
      2,400 SF

      35 New Athol Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      35 New Athol Rd, Orange, MA 01364
      View Details
    • Value Estimation by Request
      2,603 SF

      5 Roche Ave

      AUTO REPAIR, GARAGE • 2,603 SF
      5 Roche Ave, Orange, MA 01364-1423
      View Details
    • Value Estimation
      $575,000
      7,260 SF

      561 Main St

      AUTO REPAIR, GARAGE • 7,260 SF
      561 Main St, Orange, MA 01364-9515
      View Details
    • Value Estimation by Request
      4,800 SF

      164 Main St

      AUTO REPAIR, GARAGE • 4,800 SF
      164 Main St, Orange, MA 01364-1219
      View Details

    Similar Nearby for Sale

    • $899,000
      25,888 SF

      Downtown Orange Redevelopment Opportunity

      Historic school building, mixed-use potential.
      34 Main St, Orange, MA 01364
      View Details
    • $575,000

      19 Acres Commercial Property

      Commercial property with living quarters and superb access to Route 2.
      300 Daniel Shays Hwy, Orange, MA 01364
      View Details
    • $1,950,000
      20,697 SF

      Renovated Manufacturing Facility on 13 Acres

      State-of-the-art manufacturing facility with expansion potential near Route 2.
      450 W River St, Orange, MA 01364
      View Details
    • $649,900

      Income-Producing Property with Mobile Home

      Income-generating property featuring homes and a mobile home park.
      76 Daniel Shays Hwy, Orange, MA 01364
      View Details
    • $319,900

      Orange Two-Family Home with Updates

      Move-in ready two-family home with updated first-floor apartment.
      84 Walnut Hill Rd, Orange, MA 01364
      View Details
    • $675,000
      25,888 SF

      Historic School Building in Orange

      Former school building with flexible layout in historic downtown.
      34 N Main St, Orange, MA 01364
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,240 SF

      Retail Space Anchored by Hannaford

      Retail spaces available in a shopping center with ample parking.
      1560-1598 S Main St, Orange, MA 01364
      View Details
    • $6 SF/Yr
      13,226 SF

      Industrial Space in Orange, MA

      13,226 SF industrial space with outdoor storage.
      136 New Athol Rd, Orange, MA 01364
      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.
    8 New Athol Rd
    Orange, MA 01364-9602
    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.