Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1080 Stafford St Leicester, MA 01542

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $325,000

    Dual-income potential, updated systems.

    Property Features for 1080 Stafford St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Elizabeth Brouillard

    Listing Agent: Elizabeth Brouillard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Leicester, MA property presents a rare investment opportunity. Currently housing Buddy's Spa, a well-established diner known for its nostalgic charm and loyal customer base, this 0.17-acre site offers significant dual-income potential. The diner's prime location on Stafford Street ensures high visibility and traffic. Recent upgrades significantly enhance the property's value and operational efficiency. These include a brand-new furnace, a new oil tank (installed approximately two years ago), a new hot water tank (installed approximately three years ago), and an updated electrical panel (installed approximately five years ago). An adjacent space, currently operating as a hair salon, provides an additional income stream. New owners can leverage this existing rental income or integrate the space into their business operations. This versatile property is ideally suited for investors seeking to expand existing ventures or establish new businesses within a thriving community. The property's strong history and recent improvements make it an attractive proposition for those seeking a stable and potentially lucrative investment. The combination of a well-established diner and a separate rental space offers a unique opportunity for growth and diversification. This is a chance to acquire a turn-key operation in a desirable location with significant upside potential. The asking price is $325,000.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.90586
    Latitude
    42.19496

    Nearby Similar for Sale

    • Contact for pricing

      Established Diner with Dual Income

      Leicester property with diner, salon, and income potential.
      1080 Stafford St, Rochdale, MA 01542
      View Details
    • Contact for pricing

      Leicester Duplex: Move-In Ready

      Updated duplex in central Massachusetts, ideal for owner-occupancy or investment.
      747/749 Pleasant St, Leicester, MA 01542
      View Details
    • Contact for pricing

      Three-Unit Building in Business Zone

      Well-maintained three-unit building suitable for owner-occupancy or business.
      500 Main St, Leicester, MA 01611
      View Details
    • $1,650,000
      5,250 SF

      Leicester Flex Space Investment

      Modern Flex Building, Excellent Location
      546 Stafford St, Leicester, MA 01611
      View Details
    • $1,750,000
      12,000 SF

      Leicester Industrial Warehouse

      12,000 SF Multi-Tenant Warehouse, MA
      30 Huntoon Memorial Hwy, Leicester, MA 01524
      View Details
    • Contact for pricing

      Leicester Mill Conversion Opportunity

      Spacious Mill Building - Ideal Redevelopment
      9 Water St, Leicester, MA 01524
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Dual-income potential, updated systems.
    Where is this commercial real estate located?
    The property is located at 1080 Stafford St Leicester, MA.
    What is the asking price?
    The asking price for this property is $325,000.
    (508) 425-7372
    Request Owner's contact information
    1080 Stafford St Leicester, MA 01542
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1080 Stafford St
    Leicester, MA 01542
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1080 Stafford St Leicester, MA 01542
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Elizabeth Brouillard
    (508) 425-7372 (508) 320-8005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!