9 Otis St Westborough, MA 01581-3373
Property profile & analytics
9 Otis St Westborough, MA 01581-3373
- Warehouses
- 36,400 SF
- 26.66 lot acres
Property ID
US38-0286435
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 9 Otis St
- Year built
- 1982
- Construction
- STEEL FRAME
- Lot size
- 26.66 lot acres
- Property size
- 36,400 SF
- Zone code
- IB
- Property type
- Warehouses
- APN
- WBOR M:0026 B:000053 L:0
- APU
- WBORM0026B000053L0
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,925,000
- ML approach
- $5,010,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,070,000
- 6.5%
- $6,525,000
- 7%
- $6,060,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,157,000
Market price range: $1.66M - $5.89M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,650,000 Current use
- RESTAURANT
- $6,865,000 Change: +88% Conversion: Difficult
- RETAIL STORES
- $5,710,000 Change: +56% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $5,585,000 Change: +53% Conversion: Easy
- OFFICE BUILDING
- $4,950,000 Change: +36% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $4,595,000 Change: +26% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $4,365,000 Change: +20% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,005,000 Change: +10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Westborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.6388
- Latitude
- 42.2729
- 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
$73,090
$1,674,500
$2,779,500
$4,454,000
-
$0.00
$0.00
$0.00
