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    Property profile & analytics

    924 Worcester St Natick, MA 01760-2033

    • Automotive properties
    • 10,926 SF
    • 1.30 lot acres
    OFF-MARKET
    Last Sale
    Jul 26, 2021
    $1,650,000
    Value Estimations
    $1,540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1546621
    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

    • Automotive properties

    Property Details for 924 Worcester St

    Year built
    2019
    Construction
    WOOD FRAME
    Lot size
    1.30 lot acres
    Property size
    10,926 SF
    Zone code
    CII
    Property type
    Automotive properties
    APN
    NATI M:00000026 P:00000160
    APU
    NATIM00000026P00000160

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,560,000
      ML approach
      $1,595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,024,000
      Market price range: $435k - $1.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3616
    Latitude
    42.2992
    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
    $31,246
    $1,013,800
    $1,534,800
    $2,548,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      19,100 SF

      948 Worcester St

      VEHICLE SALES, RENTALS • 19,100 SF
      948 Worcester St, Natick, MA 01760-2033
      View Details
    • Value Estimation
      $285,000
      2,438 SF

      133 Central St

      VEHICLE SALES, RENTALS • 2,438 SF
      133 Central St, Natick, MA 01760-4310
      View Details
    • Value Estimation by Request
      2,151 SF

      119 Worcester St

      VEHICLE SALES, RENTALS • 2,151 SF
      119 Worcester St, Natick, MA 01760-2244
      View Details
    • Value Estimation
      $360,000
      18,286 SF

      157 Central St

      VEHICLE SALES, RENTALS • 18,286 SF
      157 Central St, Natick, MA 01760-4121
      View Details
    • Value Estimation
      $520,000
      43,091 SF

      253 Main St

      VEHICLE SALES, RENTALS • 43,091 SF
      253 Main St, Natick, MA 01760-1144
      View Details
    • Value Estimation
      $700,000
      63,418 SF

      549 Worcester St

      VEHICLE SALES, RENTALS • 63,418 SF
      549 Worcester St, Natick, MA 01760-1823
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,422 SF

      Downtown Natick Retail Opportunity

      Retail space in a newly developed mixed-use building.
      21 Summer St, Natick, MA 01760
      View Details
    • $1,300,000

      Natick Center Redevelopment Opportunity

      Two-family house plus detached commercial/retail building in Natick Center.
      49 Summer St, Natick, MA 01760
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      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
    • $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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      3,614 SF

      Route 9 Retail Space Available

      Middlesex County Shopping Center - 3,614 SF
      821-861 Worcester Rd, Natick, MA 01760
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space with Full Basement

      Retail spaces available with full basements and ample parking.
      265 Worcester St, Natick, MA 01760
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Sunnyside Plaza

      Retail space for lease in Natick's Sunnyside Plaza.
      915-945 Worcester St, Natick, MA 01760
      View Details
    • Contact for pricing
      14,281 SF

      Office/Retail Space on Route 16

      1,200 SF office/retail space with street access and visibility.
      57 Eliot St, Natick, MA 01760
      View Details
    • $38 SF/Yr
      3,775 SF

      Retail Space with Salon & Spa

      3,775 SF retail space with salon and spa.
      319-321 Speen St, Natick, MA 01760
      View Details
    • Contact for pricing
      3,276 SF

      Natick Retail or Office Space

      Highly visible retail or office space in Natick, Massachusetts.
      780 Worcester St, Natick, MA 01760
      View Details
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    924 Worcester St
    Natick, MA 01760-2033
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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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