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    Fitchburg Retail Space For Rent Title is generated by Realmo AI

    353-385 John Fitch Highway Fitchburg MA USA, Fitchburg, MA 01420

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    Retail suites available in high-traffic Fitchburg location.

    Type:Retail
    Property size:
    169,443 SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Dec 3 at 5:08 am

    Property Features for 353-385 John Fitch Highway Fitchburg MA USA

    General Information

    Standard status
    Active
    Size
    169,443 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1971

    Spaces For Lease

    at 353-385 John Fitch Highway Fitchburg MA USA Contact us

    We can help!

    Listing Contact
    Rod Randolph

    Listing agent Rod Randolph License #SA523019000

    Listing office Rosewood Realty LLC

    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 Rosewood Realty LLC

    HighLights

    • High‑traffic location on John Fitch Highway with over 20,000 vehicles per day.
    • Located near major retailers (Market Basket, Walmart, Planet Fitness) generating customer traffic.
    • Ample on‑site parking and MART bus stop at the plaza entrance.
    • Flexible retail suites suitable for various business types (retail, restaurant, service).
    • Centrally located near Route 2 and downtown Fitchburg, expanding customer reach.
    • Pylon and building signage opportunities for maximum brand visibility.

    Overview

    Located along John Fitch Highway, one of Fitchburg’s busiest retail corridors, this property benefits from over 20,000 vehicles passing daily, providing significant exposure for tenants. The location is near major retailers, including Market Basket, Walmart, and Planet Fitness, which contributes to consistent customer traffic and opportunities for co-tenancy. Retail suites are available to accommodate various uses, such as retail, restaurant, and service-oriented businesses. Ample on-site parking is available for customers and employees, and a MART bus stop is located at the plaza entrance. The property's central location near Route 2 and downtown Fitchburg allows tenants to attract customers from across North Central Massachusetts. Pylon and building signage opportunities are available to maximize brand visibility to the daily commuter traffic on John Fitch Highway. The property offers visibility and access from John Fitch Highway and is near Route 2, downtown Fitchburg, and Fitchburg State University. The property size is 169443 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7757209
    Latitude
    42.5804752

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    FAQs

    What type of property is this?
    Strip mall - Retail suites available in high-traffic Fitchburg location.
    Where is this strip mall located?
    The property is located at 353-385 John Fitch Highway Fitchburg MA USA Fitchburg, MA.
    What are key features of this property?
    This property features: High‑traffic location on John Fitch Highway with over 20,000 vehicles per day.; Located near major retailers (Market Basket, Walmart, Planet Fitness) generating customer traffic.; Ample on‑site parking and MART bus stop at the plaza entrance.
    (480) 560-8033
    We can help!
    Listing Contact
    Rod Randolph
    Real Estate License ID: SA523019000
    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.

    More about this property
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    353-385 John Fitch Highway, Fitchburg, MA, USA, Fitchburg, MA 01420
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