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    Property profile & analytics
    OFF-MARKET Estimated value $4,985,000
    Warehouses

    9 Otis St, Westborough, MA 01581-3373

    36,400 SF 26.66 ac lot Built 1982
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US38-0286435
    Property summary
    AI-generated overview

    This exceptional 35,000-square-foot warehouse and distribution facility is located at 9 Otis Street, Building 2, in Westborough, Massachusetts, within Worcester County. The property boasts a brand-new construction date of 2024, offering modern amenities and efficient design. The entire building is currently vacant and available for immediate occupancy, providing a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease a minimum of 10,000 contiguous square feet. The maximum contiguous space available is 35,000 square feet. The building features a 24-foot ceiling height, providing ample vertical storage capacity. Two loading docks with two dock-high doors ensure efficient loading and unloading operations. The property sits on a three-acre lot, offering ample space for truck maneuvering and potential future expansion. The building is zoned IB and offers 800A, 480V, 3-phase power. Parking is provided at a 2.5 parking space ratio. This prime location in Westborough offers easy access to major transportation routes, making it an ideal location for distribution and logistics businesses. Delivery is expected in September 2024.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1982
    Construction STEEL FRAME
    Total area 36,400 SF
    Lot 26.66 ac (1,161,310 SF)
    Zoning code IB
    APN WBOR M:0026 B:000053 L:0
    UPID US38-0286435
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.01M
    CAP Approach CAP
    $6.53M
    Comparable Approach Comparable
    $5.16M
    Blend (final) Blend
    $4.99M
    Owner & transaction history
    9 Otis Street LLC · 4 yrs held
    9 Otis Street LLC
    since 2021
    Last sale
    $5.0M
    7 recorded transactions
    2024
    2021
    2021
    $5.0M
    2019
    2017
    2012
    2011
    $2.0M
    Zoning & alternative use
    IB · Westborough, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $6.9M +87.9%
    Retail stores $5.7M +56.4%
    Auto repair, garage $5.6M +52.9%
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