Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Leominster Retail Development Opportunity Title is generated by Realmo AI

    609 Main St, Leominster, MA 01453

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

    1.79-acre parcel suitable for retail or mixed-use development.

    Type:Land Development
    Property size:
    15,353 SF
    Added:
    Nov 21, 2025
    Days on Market:
    171
    Last Refresh:
    Dec 3 at 5:41 am

    Property Features for 609 Main St

    General Information

    Standard status
    Active
    Size
    15,353 SF
    Property subtype
    Land Development

    Building Details

    Year Built
    1920

    Spaces For Lease

    at 609 Main St Contact us

    We can help!

    Listing Contact
    Alexis Brissette

    Listing agent Alexis Brissette

    Listing office

    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 Alexis Brissette

    HighLights

    • 1.79 Acres suitable for retail or mixed‑use development.
    • High visibility location with 183 feet of frontage on Main Street.
    • High traffic count of over 24,000 vehicles daily.
    • Excellent accessibility: 0.4 miles from Route 2.
    • Proximity to public transportation: 0.3 miles from Commuter Rail.
    • Strategic location in a growing area with diverse demographics.

    Overview

    This 1.79-acre parcel, located at 609 Main Street in Leominster, Massachusetts, presents a retail development opportunity. The site is suitable for a variety of retail or mixed-uses. The location benefits from high visibility and accessibility, with a daily traffic count exceeding 24,000 vehicles. It features 183 feet of frontage on Main Street. The property is located 0.3 miles from the commuter rail, 0.4 miles from Route 2, 1.3 miles from Route 12, and 3.2 miles from I-190.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cold Storage Antiques ... Home Decor Store North Leominster Coin ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7384434
    Latitude
    42.5427202

    Nearby Similar for Lease

    • Contact for pricing

      Historic Mill Building Office Suite

      Move-in ready office suite in a distinctive mill setting.
      40 Spruce St 206, Leominster, MA 01453
      View Details
    • $1,400/Mo

      Downtown Storefront for Lease

      Versatile space in high-traffic area, ideal for various businesses.
      181 West St 1, Leominster, MA 01453
      View Details
    • $1,912/Mo

      Adaptable Commercial Space Available

      Versatile space suitable for gym, retail, office, or storage.
      557 Lancaster St 106, Leominster, MA 01453
      View Details
    • Contact for pricing

      Leominster Industrial Property with Offices

      8,900 SF warehouse and office space for lease.
      89 Crawford Street, Leominster, MA 01453
      View Details
    • Contact for pricing

      Class A Office Building

      Freestanding 6,300 SF office building in retail power center.
      83 Orchard Hill Park, Leominster, MA 01453
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center Retail Space

      Retail space available in a regionally located shopping center.
      975 Merriam Avenue, Leominster, MA, 01453
      View Details
    • $17 SF/Yr

      Downtown Leominster Office Space

      5,000 SF office space available October 1, 2025.
      29 Main St, Leominster, MA
      View Details
    • Contact for pricing

      Retail Development Opportunity in Leominster

      1.79-acre parcel suitable for retail or mixed-use development.
      609 Main St, Leominster, MA 01453
      View Details
    • Contact for pricing

      Leominster Warehouse with Modern Upgrades

      Sublease opportunity: warehouse featuring new roof, storefront, loading docks.
      489 North Main Street, Leominster, MA 01453
      View Details
    • Contact for pricing

      Retail Space in Leominster Center

      Retail space in regional shopping destination near Route 2.
      489-493 N Main St, Leominster, MA
      View Details
    • Contact for pricing

      Commercial Development Site on Route

      1.4 acre corner lot available for ground lease.
      259-273 Lancaster Street, Leominster, MA 01453
      View Details
    • Contact for pricing

      Industrial Build-to-Suit Opportunity

      Industrial space for rent, build to suit up to 200,000 SF.
      0 Tanzio Road, Leominster, MA 01453
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.79-acre parcel suitable for retail or mixed-use development.
    Where is this commercial land located?
    The property is located at 609 Main St Leominster, MA.
    What are key features of this property?
    This property features: 1.79 Acres suitable for retail or mixed‑use development.; High visibility location with **183 feet of frontage on Main Street.**; High traffic count of over **24,000 vehicles daily.**
    (508) 868-6182
    We can help!
    Listing Contact
    Alexis Brissette
    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
    609 Main 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!