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    Established Gas Station Property Title is generated by Realmo AI

    652 Water St Fitchburg, Fitchburg, MA 01420

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    Claim this Listing
    New
    For Sale
    $2,275,000

    Owner-operator offering with existing fuel infrastructure and strong daily traffic along a major corridor.

    Property size:
    1,611 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $1,412/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:08 am

    Property Features for 652 Water St Fitchburg

    General Information

    Standard status
    Active
    Size
    1,611 SF
    Lot size
    0.48 Acres

    Building Details

    Year Built
    1951

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    Listing Contact
    Kim Goodby

    Listing agent Kim Goodby

    Listing office

    Listing date Jun 4, 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 Kim Goodby

    HighLights

    • Gas station business and real estate in Fitchburg, MA offered as an owner‑operator opportunity
    • Approx. 12,771 vehicles per day along the heavily traveled corridor
    • Approx. 1,000,000 gallons of annual fuel volume
    • 100% employee‑run operation
    • 1,611 SF building on approx. 0.48 acres with existing fuel infrastructure in place
    • Year built: 1951

    Overview

    652 Water Street is an established gas station business and real estate offering in Fitchburg, Massachusetts. The property includes a 1,611-square-foot building on approximately 0.48 acres, with existing fuel infrastructure already in place. The station is currently operated as a 100% employee run business, and the annual fuel volume is stated at approximately 1,000,000 gallons.

    The site is positioned along a heavily traveled corridor with approximately 12,771 vehicles per day, supporting consistent visibility and day-to-day customer flow. This is a turnkey-style acquisition for buyers looking for a fully functioning fuel operation with the core physical improvements in place.

    For an investor or owner seeking control of operations, the combination of business and real estate can simplify ownership and site management. The presence of operating fuel infrastructure and a currently active employee-run model may appeal to buyers who want to maintain continuity while evaluating a more hands-on or more manager-led approach. This offering is designed for parties interested in acquiring a long-running gas station operation with proven fuel volume on a traffic-driven location.
    Location Intelligence

    Current Use by Public Records

    Janet's Chili Dog Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7858295
    Latitude
    42.5708929

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    FAQs

    What type of property is this?
    Gas station - Owner-operator offering with existing fuel infrastructure and strong daily traffic along a major corridor.
    Where is this gas station located?
    The property is located at 652 Water St Fitchburg Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $2,275,000.
    What are key features of this property?
    This property features: Gas station business and real estate in Fitchburg, MA offered as an owner‑operator opportunity; Approx. 12,771 vehicles per day along the heavily traveled corridor; Approx. 1,000,000 gallons of annual fuel volume
    (508) 501-1443
    We can help!
    Listing Contact
    Kim Goodby
    Learn More
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    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.

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    652 Water St, Fitchburg, MA, MA 01420
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