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    Property profile & analytics

    997 Main St Holden, MA 01520-1513

    • Office buildings
    • 1,760 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Sep 24, 2021
    $365,000
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    9.5%
    Office buildings
    Location Intelligence
    Property ID
    US38-0455834
    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

    • ASAK-LLC / General Contractor
    • The LAW OFFICE OF WILLIAM S SMITH / Legal Services

    Property Details for 997 Main St

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.38 lot acres
    Property size
    1,760 SF
    Zone code
    RM
    Property type
    Office buildings
    APN
    HOLD M:160 B:84
    APU
    HOLDM160B84

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $360,000
      ML approach
      $380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $520,000
      6.5%
      $480,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $325,000
      Market price range: $130k - $371k
      AI Estimate
      $579,000
      Market price range: $235k - $580k

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

    Location Insight

    • Map
    • Local Demand
    City
    Holden
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.855
    Latitude
    42.3453
    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
    $4,602
    $79,000
    $246,200
    $325,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $275,000
      1,948 SF

      19 Salisbury St

      OFFICE BUILDING • 1,948 SF
      19 Salisbury St, Holden, MA 01520-1413
      View Details
    • Value Estimation
      $270,000
      3,728 SF

      795 Main St

      OFFICE BUILDING • 3,728 SF
      795 Main St, Holden, MA 01520-3800
      View Details
    • Value Estimation
      $265,000
      570 SF

      4 Boyden Rd

      OFFICE BUILDING • 570 SF
      4 Boyden Rd, Holden, MA 01520-2514
      View Details
    • Value Estimation
      $260,000
      2,674 SF

      1093 Main St

      OFFICE BUILDING • 2,674 SF
      1093 Main St, Holden, MA 01520-1219
      View Details
    • Value Estimation
      $270,000
      5,888 SF

      697 Main St

      OFFICE BUILDING • 5,888 SF
      697 Main St, Holden, MA 01520-1861
      View Details
    • Value Estimation
      $270,000
      2,480 SF

      1023 Main St

      OFFICE BUILDING • 2,480 SF
      1023 Main St, Holden, MA 01520-1233
      View Details

    Similar Nearby for Sale

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      5,015 SF

      Renovated Office Building For Sale

      Recently renovated multi-tenanted office building with expansion potential in Holden.
      1161 Main St, Holden, MA 01520
      View Details
    • $1,000,000
      5,700 SF

      Holden Redevelopment Opportunity

      Versatile property with redevelopment potential in a high-income area.
      945 Main St, Holden, MA 01520
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    • $480,000

      Holden Main Street Investment Property

      Prime Holden location, high visibility, two units.
      Main St, Holden, MA 01520
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    • Contact for pricing
      44,834 SF

      Sunnyside Ford Portfolio Opportunity

      Premier portfolio with redevelopment potential in Holden, Massachusetts.
      944 Salisbury St Main St, Holden, MA 01520
      View Details
    • $675,000
      1,820 SF

      Established Auto Shop on Main

      Longstanding auto shop for sale on a highly visible street.
      525 Main St, Holden, MA 01520
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    • $1,700,000
      11,284 SF

      Holden Commercial Redevelopment Opportunity

      Versatile property with redevelopment potential in a high-traffic location.
      30 Salisbury St, Holden, MA 01520
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      3,000 SF

      Holden Flex Space For Lease

      Flex space available for lease near I-190 and downtown.
      5 Shrewsbury St, Holden, MA 01520
      View Details
    • $900 /Mo
      900 SF

      Holden Office Suites For Lease

      Mixed-use property with office suites available for lease.
      697 Main St, Holden, MA 01520
      View Details
    • $1,400 /Mo
      975 SF

      Downtown Retail or Office Space

      Retail or office space in a convenient downtown location.
      1207 Main St, Holden, MA 01520
      View Details
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    997 Main St
    Holden, MA 01520-1513
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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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