Property profile

9 Otis St Westborough, MA 01581

OFF-MARKET
Warehouses
Property ID
US38-0286435
36,400 SF 26.66 ac lot Built 1982
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Location

9 Otis St Westborough, MA 01581-3373
Westborough metro Census 742402 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.01M
CAP Approach CAP
$6.53M
Comparable Approach Comparable
$5.16M
Blend (final) Blend
$4.93M

Owner & transaction history

since 2021
Last sale
$5.0M
7 recorded transactions
2024
Price N/A
2021
Price N/A
2021
$5.0M
2019
Price N/A
2017
Price N/A
2012
Price N/A
2011
$2.0M

Zoning & alternative use

IB · Westborough, MA
Zoning description

IB District. Projects in the Industrial D (ID) Overlay District shall undergo site plan review in accordance with § 3.1 and shall be consistent with the intent of this Zoning Bylaw and this section. Proposed changes in t…

General category INDUSTRIAL
Top alternative use upside
Restaurant $6.9M +87.9%
Retail stores $5.7M +56.4%
Auto repair, garage $5.6M +52.9%

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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