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

    401 Summer St Fitchburg, MA 1420

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

    Freestanding retail building suitable for retail, medical, or office use.

    Type:Retail
    Property size:
    1,400 SF
    Added:
    Feb 26, 2026
    Days on Market:
    55
    Last Refresh:
    Feb 26 at 11:12 pm

    Property Features for 401 Summer St

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Tim Whittredge
    Tim Whittredge

    Listing agent Tim Whittredge License #9562752-RE-S

    Listing office NAI Glickman Kovago & Jacobs

    Listing date Feb 26, 2026

    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 Glickman Kovago & Jacobs

    Overview

    Retail Building on Summer Street

    This is a freestanding building, formerly a pawn shop, with approximately 1400 square feet of space. It is located on Summer Street in Fitchburg, with an average annual daily traffic count of 15,000. The property includes 20 surface parking spaces and a small gated parking lot at the rear of the building. It is suitable for small retail, medical, or office users.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7735072
    Latitude
    42.5706325

    Nearby Similar for Sale

    • $639,000
      2,808 SF

      Fitchburg Three-Family Home

      Renovated three-unit property in a desirable Fitchburg location.
      115 Beech, Fitchburg, MA 01420
      View Details
    • $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
      View Details
    • $699,900
      2,018 SF

      Fitchburg Mixed-Use Building For Sale

      Newer mixed-use building with parking and oversized garage.
      381 Summer Street, Fitchburg, MA 01420
      View Details
    • $449,900
      1,608 SF

      Fitchburg Multifamily Investment Opportunity

      Well-maintained duplex near Fitchburg State University, ideal for investors.
      70-72 Snow Street, Fitchburg, MA 01420
      View Details
    • $539,900
      2,419 SF

      Updated Duplex in Fitchburg, MA

      Updated duplex with modern amenities, off-street parking, and laundry hookups.
      48-50 Nashua St, Fitchburg, MA 01420
      View Details
    • $420,000
      1,982 SF

      Fitchburg Multifamily Residence For Sale

      Classic multifamily residence in Fitchburg, MA with ample living space.
      122 Sanborn St, Fitchburg, MA 01420
      View Details
    • $429,900
      1,440 SF

      Fitchburg Two-Family Home For Sale

      Well-maintained two-family home, updated, with separate utilities in Fitchburg.
      21 Boutelle St, Fitchburg, MA 01420
      View Details
    • $574,888
      4,938 SF

      Solid Brick Home in Fitchburg

      Updated brick home near university, downtown, and commuter rail.
      58 (A B) Oliver Street, Fitchburg, MA 01420
      View Details
    • $599,900
      3,835 SF

      Turn-Key Investment Property Opportunity

      Meticulously maintained 3-family home in desirable neighborhood, generating $51,000 annually.
      338 Blossom Street, Fitchburg, MA 01420
      View Details
    • $675,000

      Renovated Two-Family Home

      Completely renovated two-family home with modern amenities and flexible living options.
      26 Pratt Rd, Fitchburg, MA 01420
      View Details
    • $675,000
      2,256 SF

      Renovated Two-Family Home

      Completely renovated two-family home with modern amenities and spacious layouts.
      26 Pratt Rd, Fitchburg, MA 01420
      View Details
    • $369,900
      2,383 SF

      Two-Family Home with Historic Charm

      Circa 1882 two-family home near Fitchburg University.
      82 Charles St, Fitchburg, MA 01420
      View Details

    FAQs

    What type of property is this?
    Retail space - Freestanding retail building suitable for retail, medical, or office use.
    Where is this retail space located?
    The property is located at 401 Summer St Fitchburg, MA.
    What are key features of this property?
    This property features: Freestanding 1400+\/- sq ft building on Summer St.; Located directly on Summer St (AADT 15,000).; 20 surface parking spaces.
    (774) 239-1900
    We can help!
    Listing Contact
    Tim Whittredge
    Tim Whittredge
    Real Estate License ID: 9562752-RE-S
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!