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    For Sale (31)

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    Ashby Land: Build Your Dream
    $74,999
    4.31 Acres

    Ashby Land: Build Your Dream

    4.31 acres in Ashby, septic design complete and approved.

    W State Rd, Ashby, MA 01431
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    Renovated Two-Unit Property
    $284,900
    2,840 SF

    Renovated Two-Unit Property

    Spacious, renovated two-unit property with updated kitchens and bathrooms.

    10-12 Richmond St, Adams, MA 01220
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    Approved Development Land in Orange
    $449,900
    27.27 Acres

    Approved Development Land in Orange

    27+ acres with approved plans for 10 duplexes.

    52 East Rd, Orange, MA 01364
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    Gardner Multi-Family Home
    $359,900
    1,710 SF

    Gardner Multi-Family Home

    Two-family home in Gardner, ideal for investors or owner-occupants.

    213 Regan St, Gardner, MA 01440
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    Well-Maintained Two-Family Investment Opportunity
    $399,900
    1,359 SF

    Well-Maintained Two-Family Investment Opportunity

    Updated two-family property with long-term tenants, ideal for investors.

    84 Jean St, Gardner, MA 01440
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    North Adams Multifamily Renovation Project
    $79,900
    2,518 SF

    North Adams Multifamily Renovation Project

    Two-unit property in North Adams ready for renovation.

    27 Hall St, North Adams, MA 01247
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    Residential Land in Athol, MA
    $275,000
    16.30 Acres

    Residential Land in Athol, MA

    16+ acres of residential developable land in Athol, MA.

    Riceville Rd, Athol, MA 01331
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    North Adams Multifamily Redevelopment Opportunity
    $79,900
    3,532 SF

    North Adams Multifamily Redevelopment Opportunity

    Large duplex ready for renovation in North Adams, Massachusetts.

    67-69 E Quincy St, North Adams, MA 01247
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    Refreshed Two-Unit Multifamily Property
    $339,900
    2,406 SF

    Refreshed Two-Unit Multifamily Property

    Recently refreshed two-unit property with separate utilities and outdoor space.

    77 Wheeler St, Athol, MA 01331
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    Multi-Family Investment Opportunity in Gardner
    $269,900
    2,825 SF

    Multi-Family Investment Opportunity in Gardner

    Multi-family property with income potential in a hot rental market.

    174 West Broadway, Gardner, MA 01440
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    North Adams Multifamily Opportunity
    $109,000
    2,623 SF

    North Adams Multifamily Opportunity

    Two-unit property ready to be renovated in North Adams, MA.

    56 Liberty St, North Adams, MA 01247
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    Ashburnham Land with Road Frontage
    $197,500
    8.89 Acres

    Ashburnham Land with Road Frontage

    8.89 acres of residential land with road frontage.

    Winchendon Rd, Ashburnham, MA 01430
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    Royalston Land Opportunity
    $64,000
    9.80 Acres

    Royalston Land Opportunity

    9.8 acres of raw land in Royalston, Massachusetts.

    N Fitzwilliam Rd, Royalston, MA 01368
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    Development Land Near Lake Whalom
    $1,350,000
    34.00 Acres

    Development Land Near Lake Whalom

    34 acres of wooded parcels for single-family residences development.

    365 Hollis Hl Rd, Lunenburg, MA 01462
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    Land in Desirable Leominster Location
    $180,000
    3.01 Acres

    Land in Desirable Leominster Location

    Expansive 3+ acre lot perfect for building your dream home.

    Elm St, Leominster, MA 01453
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    Renovated Duplex in North Adams
    $179,900
    2,540 SF

    Renovated Duplex in North Adams

    Spacious, renovated duplex with two units and six bedrooms.

    17-19 Bracewell Ave, North Adams, MA 01247
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    Two-Unit Multi-Family with Garage
    $369,000
    2,868 SF

    Two-Unit Multi-Family with Garage

    Side-by-side duplex with modern upgrades and a two-bay garage.

    22 Allen St, Athol, MA 01331
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    Montague Multifamily Property with Acreage
    $674,900
    3,159 SF

    Montague Multifamily Property with Acreage

    Four-unit property on 28 acres with barn and horse stalls.

    27 West St, Montague, MA 01351
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    Renovated Multi-Family in Leominster
    $574,900
    2,574 SF

    Renovated Multi-Family in Leominster

    Worry-free, renovated two-family property near downtown Leominster.

    15 Arlington St, Leominster, MA 01453
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    Renovated Two-Unit Multifamily Property
    $309,900
    1,858 SF

    Renovated Two-Unit Multifamily Property

    Recently renovated two-unit property, ideal for investors or owner-occupiers.

    30 Cottage St, Orange, MA 01364
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    Solid Brick Home in Fitchburg
    $574,888
    4,938 SF

    Solid Brick Home in Fitchburg

    Updated brick home near university, downtown, and commuter rail.

    58 A B Oliver St, Fitchburg, MA 01420
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    Fitchburg Multifamily Development Opportunity
    $495,000
    0.93 Acres

    Fitchburg Multifamily Development Opportunity

    Development opportunity with income-generating parking lot in Fitchburg, MA.

    179 Pratt St, Fitchburg, MA 01420
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    Spacious Upgraded Two-Family Property
    $584,900
    2,887 SF

    Spacious Upgraded Two-Family Property

    Upgraded two-family home, ideal for owner-occupancy or investment.

    154 Oak St, Gardner, MA 01440
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    Westminster Land Ready to Build
    $325,000
    4.70 Acres

    Westminster Land Ready to Build

    Wooded 4.7 acre lot, ready to build your dream home.

    Minott Rd, Westminster, MA 01473
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    Fitchburg Mixed-Use Building For Sale
    $699,900
    2,018 SF

    Fitchburg Mixed-Use Building For Sale

    Newer mixed-use building with parking and oversized garage.

    381 Summer St, Fitchburg, MA 01420
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    Fitchburg Two-Family Investment Opportunity
    $499,000
    2,484 SF

    Fitchburg Two-Family Investment Opportunity

    Turnkey two-family near Route 2, ideal for investors or owners.

    76 Abbott Ave, Fitchburg, MA 01420
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    Approved Building Lot in Westminster
    $170,000
    1.00 Acre

    Approved Building Lot in Westminster

    Approved lot ready for immediate construction with town utilities.

    100A W Main St, Westminster, MA 01473
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    North Adams Multifamily Property
    $149,900
    2,132 SF

    North Adams Multifamily Property

    Six-bedroom, two-bath multifamily property in North Adams, Massachusetts.

    516-518 Union St, North Adams, MA 01247
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    Royalston Land Parcel For Sale
    $114,500
    19.50 Acres

    Royalston Land Parcel For Sale

    19.5 acre land parcel in Royalston, Massachusetts.

    S Royalston Rd, Royalston, MA 01368
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    Renovated Two-Unit Property
    $284,900
    2,840 SF

    Renovated Two-Unit Property

    Spacious, renovated two-unit property with updated kitchens and bathrooms.

    10-12 Richmond St, Adams, MA 01220
    View details
    Two-Unit Property Ready for Renovation
    $99,900
    2,518 SF

    Two-Unit Property Ready for Renovation

    Two-unit property with renovation potential, each unit featuring three bedrooms.

    27 Hall St, North Adams, MA 01247
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    For Lease (2)

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    Spacious Office/Clinic Space For Rent
    $1,200 / Mo
    9,148 SF

    Spacious Office/Clinic Space For Rent

    Well-maintained office/clinic space with utilities included and ample parking.

    30 E Housatonic St, Pittsfield, MA 01201
    View details
    Prime Cafe/Office Space Available
    $25 SF/Yr
    3,600 SF

    Prime Cafe/Office Space Available

    Highly visible cafe or office space in Shrewsbury, MA.

    307 Grafton St, Shrewsbury, MA 01545
    View details

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    Keller Williams Realty North Central
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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
    Keller Williams Realty North Central
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