Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Endcap Retail Suite with Drive-Through Title is generated by Realmo AI

    147 Water St, Fitchburg, MA 01420

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    High-visibility endcap with drive-through access, positioned as a strong retail frontage within a shadow-anchored shopping center.

    Type:RETAIL
    Property size:
    2,176 SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:40 am

    Property Features for 147 Water St

    General Information

    Standard status
    Active
    Size
    2,176 SF
    Property subtype
    RETAIL

    Spaces For Lease

    at 147 Water St Contact us

    We can help!

    Listing Contact
    Rob Robledo
    Rob Robledo

    Listing agent Rob Robledo License #RES.0777085

    Listing office CBRE | Boston

    Listing date Jun 4, 2026

    Source Moodyscre

    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 CBRE | Boston

    HighLights

    • High‑visibility end cap on Route 12 in Fitchburg, MA
    • Includes drive‑through access for customer convenience
    • Shadow anchor to Central Plaza, featuring Market Basket and Crunch Fitness
    • Prominent pylon sign for strong roadside identification

    Overview

    This offering is a high-visibility endcap retail suite that includes drive-through access. The space is configured for storefront retail use within a shopping center setting, and it features prominent pylon signage for identification from the roadway.

    The property is located on Route 12 in Fitchburg, Massachusetts, with nearby center activity anchored by a Market Basket and Crunch Fitness at Central Plaza. As a shadow anchor, the endcap benefits from established destination traffic tied to those prominent tenants.

    The combination of endcap placement, drive-through functionality, and visible signage makes this location practical for operators seeking retail exposure to passersby and convenient customer access. It is best suited for retail concepts that can utilize storefront frontage and a drive-through service model in a multi-tenant shopping center environment.
    Location Intelligence

    Current Use by Public Records

    Santander Bank ATM Atm

    Suggested Use

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

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

    Similar Places Nearby

    • Twin City Plaza — 875 Merriam Ave, Leominster, MA 01453
    • Trolley Plaza — 853 N Main St, Leominster, MA 01453

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.79323
    Latitude
    42.578341

    Nearby Similar for Lease

    • $14 SF/Yr
      3,500 SF

      Downtown Fitchburg Office/Retail Space

      Class A office or retail space in downtown Fitchburg.
      625 Main St 1, Fitchburg, MA 01420
      View Details
    • $3,500/Mo
      3,600 SF

      Fitchburg Industrial Space For Lease

      Versatile industrial space with drive-in bay and loading dock.
      75 Walnut St. #2FR, Fitchburg, MA 01420
      View Details
    • $1,950/Mo

      Fitchburg Office Space For Rent

      Office space with utilities included near Route 2.
      1141 South St, Fitchburg, MA 01420
      View Details
    • $1,500/Mo

      Fitchburg Manufacturing/Warehouse Space Available

      Versatile industrial/warehouse unit suitable for various business operations.
      75 Walnut St. #1R, Fitchburg, MA 01420
      View Details
    • $3,500/Mo
      3,600 SF

      Fitchburg Industrial Space For Rent

      Versatile industrial space with loading dock, drive-in bay, and high ceilings.
      75 Walnut St. 2FR, Fitchburg, MA 01420
      View Details
    • $20 SF/Yr
      1,865 SF

      Prime Retail Space Available

      Exceptional retail opportunity on the Leominster/Fitchburg line.
      59-63 Whalon St, Fitchburg, MA
      View Details
    • $3,000/Mo
      3,600 SF

      Fitchburg Industrial/Commercial Space For Rent

      Versatile 3,600 sq. ft. industrial unit in Fitchburg, MA.
      75 Walnut Street, Unit 2FR, Fitchburg, MA 01420
      View Details
    • Contact for pricing

      Retail Space on John Fitch Highway

      Retail space with high visibility on a busy corridor.
      353-385 John Fitch Highway, Fitchburg, MA | Fitchburg, MA 01420
      View Details
    • Contact for pricing

      Prime Retail/Commercial Space Available

      Highly visible Fitchburg location, ideal for retail or commercial tenants.
      140 Whalon Street, Fitchburg, MA 01420
      View Details
    • $1,500/Mo

      Fitchburg Manufacturing/Warehouse Space Available

      Versatile industrial/warehouse unit ideal for various business operations.
      75 Walnut St. 1R, Fitchburg, MA 01420
      View Details
    • $14 SF/Yr
      3,500 SF

      Downtown Fitchburg Office/Retail Space

      Class A office or retail space in downtown Fitchburg.
      625 Main Street, Unit 1, Fitchburg, MA 01420
      View Details
    • $10 SF/Yr

      Downtown Fitchburg Prime Office Space

      Prime office space in downtown Fitchburg near transportation and university.
      515 Main St. 3, Fitchburg, MA 01420
      View Details

    FAQs

    What type of property is this?
    Shopping center - High-visibility endcap with drive-through access, positioned as a strong retail frontage within a shadow-anchored shopping center.
    Where is this shopping center located?
    The property is located at 147 Water St Fitchburg, MA.
    What are key features of this property?
    This property features: High‑visibility end cap on Route 12 in Fitchburg, MA; Includes drive‑through access for customer convenience; Shadow anchor to Central Plaza, featuring Market Basket and Crunch Fitness
    (617) 908-0745 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rob Robledo
    Rob Robledo
    Real Estate License ID: RES.0777085
    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
    147 Water St, Fitchburg, 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!