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

    9 Erie Dr Natick, MA 01760-1312

    • Office buildings
    • 13,452 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $3,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0563806
    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

    • Expert Pest Control / Pest Control Service

    Property Details for 9 Erie Dr

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    13,452 SF
    Zone code
    INI
    Property type
    Office buildings
    APN
    NATI M:00000008 P:0000001Q
    APU
    NATIM00000008P0000001Q

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,042,000
      Market price range: $1.57M - $3.25M
      AI Estimate
      $2,313,000
      Market price range: $582k - $2.94M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,585,000
      Current use
      RESTAURANT
      $3,905,000
      Change: +51% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,785,000
      Change: +46% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,725,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $3,625,000
      Change: +40% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,475,000
      Change: +34% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,100,000
      Change: +20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3388
    Latitude
    42.3134
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    $32,540
    $729,500
    $1,924,700
    $2,654,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,575,000
      22,432 SF

      23 Strathmore Rd

      OFFICE BUILDING • 22,432 SF
      23 Strathmore Rd, Natick, MA 01760-2444
      View Details
    • Value Estimation
      $8,070,000
      83,032 SF

      2 Vision Dr

      OFFICE BUILDING • 83,032 SF
      2 Vision Dr, Natick, MA 01760-2086
      View Details
    • Value Estimation
      $910,000
      3,457 SF

      971 Worcester St

      OFFICE BUILDING • 3,457 SF
      971 Worcester St, Natick, MA 01760-2032
      View Details
    • Value Estimation
      $645,000
      5,202 SF

      10 Central St

      OFFICE BUILDING • 5,202 SF
      10 Central St, Natick, MA 01760-4537
      View Details
    • Value Estimation
      $4,845,000
      65,170 SF

      209 Central St

      OFFICE BUILDING • 65,170 SF
      209 Central St, Natick, MA 01760-3765
      View Details
    • Value Estimation
      $2,300,000
      5,871 SF

      211 Oak St

      OFFICE BUILDING • 5,871 SF
      211 Oak St, Natick, MA 01760
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,576 SF

      Natick Corner Lot Opportunity

      High-visibility corner lot ideal for owner-user or redevelopment.
      92 Park Ave, Natick, MA 01760
      View Details
    • $2,550,000
      7,676 SF

      Natick Office/Flex Building For Sale

      7,676 SF office/flex building on 1.06 acres in Natick.
      14 Huron Dr, Natick, MA 01760
      View Details
    • $1,470,000
      1,732 SF

      Natick Warehouse with Route 9 Visibility

      1,732 SF building with two drive-in doors and visibility.
      206 Worcester St, Natick, MA 01760
      View Details
    • $899,000

      Well-Maintained Two-Family Corner Lot

      Two-family property near Natick Center, ideal for investors/owner-occupants.
      40 Morse St, Natick, MA 01760
      View Details
    • Contact for pricing
      89,500 SF

      Downtown Natick Mixed-Use Building

      Street-level retail/restaurant space in a newly developed mixed-use building.
      45 East Central St, Natick, MA 01760
      View Details
    • $7,200,000
      3.00 Acres

      South Natick Center Investment Opportunity

      Historic 3-Acre Commercial Property
      21 Eliot St, Natick, MA 01760
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo

      Renovated Office Building with Elevator

      Modern office space with excellent access and ample parking.
      4 Mechanic 204-206, Natick, MA 01760
      View Details
    • $1,050 /Mo

      Renovated Office Building with Elevator

      Modern office suites with reception area near downtown and rail.
      4 Mechanic St, Natick, MA 01760
      View Details
    • $18 SF/Yr
      2,600 SF

      Route 9 Office Space Available

      9,100 SF office building with Route 9 frontage.
      1085 Worcester St, Natick, MA 01760
      View Details
    • $6,000 /Mo

      Two Standalone Office Buildings For Rent

      Two office buildings on a corner lot available for lease.
      180 W Central St, Natick, MA 01760
      View Details
    • $1,300 /Mo

      Natick Office Space For Rent

      Flexible office space in Natick, minutes from amenities.
      75 Middlesex Ave, Natick, MA 01760
      View Details
    • $21 SF/Yr
      7,000 SF

      Natick Office Space For Rent

      Office space available immediately in Natick, Massachusetts.
      19 Willow St, Natick, MA 01760
      View Details
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    9 Erie Dr
    Natick, MA 01760-1312
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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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