Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    62 Lakeview St Leominster, MA 01453

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    29,000 SF industrial property in Leominster, renovated in 2025.

    Type:Industrial
    Property size:
    29,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    168
    Last Refresh:
    Dec 3 at 5:00 am

    Property Features for 62 Lakeview St

    General Information

    Standard status
    Active
    Size
    29,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Kelly Pulignano
    Kelly Pulignano

    Listing agent Kelly Pulignano

    Listing office NAI | Parsons Commercial Group - Boston

    Listing date Nov 21, 2025

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI | Parsons Commercial Group - Boston

    HighLights

    • 29,000 SF Industrial Warehouse Building in Leominster
    • Newly Renovated in 2025 (partial new construction)
    • Zoned I for versatile industrial, warehouse, and distribution uses
    • Convenient access to Routes 2 and 190 for Boston and Worcester
    • Equipped with 2,000 amps of three‑phase power
    • Located on a 1.28‑acre lot

    Overview

    Leominster Industrial Warehouse Investment

    This 29,000 square foot industrial property, featuring two units, is located in Leominster. Constructed in 2000 with renovations completed in 2025, the property is zoned I, offering versatile potential for industrial, warehouse, and distribution uses. The property is situated on a 1.28-acre lot. It is equipped with 2,000 amps of three-phase power. The location provides convenient access to Routes 2 and 190, facilitating connections to Boston and Worcester. An existing portion of the building, measuring 17,290 square feet, was constructed in 2000, with an additional 11,710 square feet of new construction to be completed in May of 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    petwares plus (Bike/Boat/Book/etc) Store A. J. ARSENAULT CONTAINER ... Waste Management Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • CubeSmart Self Storage — 193 Litchfield St, Leominster, MA 01453
    • Leominster Storage Solutions — 345 Central St, Leominster, MA 01453
    • Middle St Storage — 31 Middle St #3860, Leominster, MA 01453
    • Tully Storage — 155 Tanzio Rd, Leominster, MA 01453

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.742466
    Latitude
    42.514595

    Nearby Similar for Sale

    • $879,000
      3,630 SF

      Leominster Four-Family Investment Opportunity

      Well-maintained four-family property in Leominster with updated features.
      33-35 Lancaster St, Leominster, MA 01453
      View Details
    • $539,000
      1,854 SF

      Leominster Multi-Family Investment Opportunity

      Well-maintained multi-family property near downtown Leominster with expansion potential.
      10 Green St, Leominster, MA 01453
      View Details
    • $550,000
      2,070 SF

      Leominster Two-Family Cape Opportunity

      Two-family cape on dead-end street, ideal for investors.
      16 Central Ct, Leominster, MA 01453
      View Details
    • $559,000
      1,859 SF

      Turnkey Two-Family in Leominster

      Updated two-family home with income potential in commuter-friendly location.
      212 Spruce St, Leominster, MA 01453
      View Details
    • $675,000
      6,700 SF

      Renovated Industrial Building Near Downtown

      6,700± SF industrial building with office and manufacturing space.
      22 Laurel St, Leominster, MA 01453
      View Details
    • $765,000

      Downtown Leominster 6-Unit Investment Property

      Fully occupied 6-unit building with commercial space and residential apartments.
      16 Depot Sq, Leominster, MA 01453
      View Details
    • Contact for pricing
      6,300 SF

      Class A Office Building

      Freestanding 6,300 SF office building in retail power center.
      83 Orchard Hill Park, Leominster, MA 01453
      View Details
    • $574,900

      Renovated Two-Family Home

      Two-family home under renovation with new systems and convenient location.
      15 Arlington St, Leominster, MA 01453
      View Details
    • $559,000

      Leominster Turnkey Two-Family Property

      Turnkey two-family home, ideal for owner-occupants or investors.
      212 Spruce St, Leominster, MA 01453
      View Details
    • Contact for pricing
      29,000 SF

      Leominster Industrial Warehouse Investment

      29,000 SF industrial warehouse with new construction delivered in 2025.
      50 June Street, Leominster, MA 01453
      View Details
    • $539,000
      1,854 SF

      Leominster Multifamily Property For Sale

      Well-maintained multifamily property with expansion possibilities in a growing market.
      10 Green St, Leominster, MA 01453
      View Details
    • $539,000
      1,854 SF

      Leominster Multifamily Property For Sale

      Well-maintained multifamily property with investment and owner-occupant potential.
      10 Green St, Leominster, MA 01453
      View Details

    FAQs

    What type of property is this?
    Warehouse - 29,000 SF industrial property in Leominster, renovated in 2025.
    Where is this warehouse located?
    The property is located at 62 Lakeview St Leominster, MA.
    What are key features of this property?
    This property features: 29,000 SF Industrial Warehouse Building in Leominster; Newly Renovated in 2025 (partial new construction); Zoned I for versatile industrial, warehouse, and distribution uses
    (904) 899-0446
    We can help!
    Listing Contact
    Kelly Pulignano
    Kelly Pulignano
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    62 Lakeview St, Leominster, MA 01453
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!