Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Commercial Property For Sale Title is generated by Realmo AI

    16 Thorndike Street Fitchburg, Fitchburg, MA 01420

    View on Map
    Claim this Listing
    For Sale
    $1,000,000

    Unique commercial property with flexible space and a full kitchen.

    Property size:
    12,804 SF
    Lot size:
    1.51 Acres
    Price / SF:
    $78/SF
    Added:
    May 15, 2026
    Days on Market:
    15
    Last Refresh:
    May 15 at 8:39 pm

    Property Features for 16 Thorndike Street Fitchburg

    General Information

    Standard status
    Active
    Size
    12,804 SF
    Lot size
    1.51 Acres

    Building Details

    Year Built
    1964

    We can help!

    Listing Contact
    Jadaiya Stanley

    Listing agent Jadaiya Stanley

    Listing office

    Listing date May 15, 2026

    Source Milestonerealtyinc

    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 Jadaiya Stanley

    HighLights

    • Over 12,000 square feet of versatile space.
    • Two expansive levels with flexible layout options.
    • Located on 1.51 acres of land.
    • Fully equipped kitchen on the lower level.
    • Multiple smaller rooms for flexible layout.
    • Close to major routes.

    Overview

    This commercial property offers over 12,000 square feet of space across two levels, suitable for various business or organizational uses. Each floor features a large open room and multiple smaller rooms, providing flexible layout options. The lower level includes a fully equipped kitchen. Situated on 1.51 acres of land, the property is located close to major routes. With its size, adaptable layout, full kitchen, and plentiful parking, this property presents an opportunity for a new owner.
    Location Intelligence

    Current Use by Public Records

    Jerusalam Commandery #19 ... Volunteer Organization Fitchburg Masonic Lodge ... Fraternal Organization Aurora Lodge A.F. ... Volunteer Organization

    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
    -71.7713686
    Latitude
    42.5891297

    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
    • $539,000
      2,060 SF

      Fitchburg Multi-Family Investment Opportunity

      Spacious two-unit property with separate utilities and desirable features.
      306 Franklin Road, 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
    • $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
    • $365,000
      1,344 SF

      Versatile Two-Family Property in Fitchburg

      Two-family property with income potential or single-family living.
      24 Lawrence St, Fitchburg, MA 01420
      View Details
    • $675,000
      2,018 SF

      New Build Mixed-Use Property

      Mixed-use property built in 2015 with parking and garage.
      381 Summer Street, Fitchburg, MA 01420
      View Details
    • $3,600,000
      55,000 SF

      Fitchburg Multi-Tenant Office Building

      Four-story office building with income and upside potential.
      76 Summer 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
    • $574,888
      4,938 SF

      Solid Brick House in Fitchburg

      Spacious multifamily property with updated systems and hardwood floors.
      58 (A B) Oliver Street, Fitchburg, MA 01420
      View Details
    • $2,770,000
      8,487 SF

      Fitchburg Retail Shopping Strip

      Fully occupied retail strip with triple-net leases and attractive renewals.
      50 Whalon St, Fitchburg, MA 01420
      View Details
    • $495,000
      3,000 SF

      Multifamily Property with Income Potential

      Multifamily property with income potential from parking lot.
      179 Pratt St, 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

    FAQs

    What type of property is this?
    Specialty property - Unique commercial property with flexible space and a full kitchen.
    Where is this specialty property located?
    The property is located at 16 Thorndike Street Fitchburg Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Over 12,000 square feet of versatile space.; Two expansive levels with flexible layout options.; Located on 1.51 acres of land.
    (508) 501-1443
    We can help!
    Listing Contact
    Jadaiya Stanley
    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
    16 Thorndike Street, Fitchburg, MA, MA 01420
    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!