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    Industrial Flex Property with Garages Title is generated by Realmo AI

    75 Walnut St., Fitchburg, MA 01420

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    Claim this Listing
    New
    For Sale
    $1,100,000

    Two-building industrial flex setup with multiple garage doors and a range of ceiling heights for manufacturing and equipment use.

    Type:Commercial
    Property size:
    2,720 SF
    Price / SF:
    $404/SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 1:56 am

    Property Features for 75 Walnut St.

    General Information

    Standard status
    Active
    Size
    2,720 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Michele Mathieu

    Listing agent Michele Mathieu

    Listing office LAER Realty Partners

    Listing date Jun 2, 2026

    Source Classifiedrealtygroup

    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 LAER Realty Partners

    HighLights

    • Industrial property built in 1900 with two buildings on one lot
    • Total of 10–11 rentable units, with nearly every unit (except the office) having 12 total garage doors
    • 12 garage doors include 4 drive‑in bays for equipment and vehicle access
    • Main building offers 3‑phase electrical service and ceiling heights from 8 to 38 ft
    • Main building includes 1 full bath, 3 half baths, and ample office space plus mostly separate utilities
    • Second building is approx. 2,720 SF and does not have 3‑phase electric

    Overview

    This for-sale industrial flex property consists of two buildings on one lot, totaling 10–11 rentable units. The main building includes multiple units with garage-door access, with ceiling heights ranging from 8 to 38 feet. Several units include 12 total garage doors (with 4 drive-in bays), and the property also provides office space along with one full bath and three half baths. Utilities are mostly separate between units to support streamlined tenant management. The second building is approximately 2,720 square feet and does not have 3-phase electrical service. Unit-level configurations include a double-wide garage, a front entrance garage with a rear exit, and an additional single-garage access unit.

    Located at 75 Walnut St., Fitchburg, MA 01420, the property’s design supports operations that need frequent roll-up door access for equipment and storage. The garage-door-heavy unit mix is well suited to tenant setups that prioritize hands-on logistics and in-bay movement.

    Because the buildings are configured with multiple units and broad garage access, the property can fit a variety of business models such as fabrication, light industrial operations, and heavy equipment use (based on the existing door and clearance characteristics). The available office space and mostly separate utilities further support mixed-tenant operations or an owner-operator approach where one unit is used while others are leased.
    Location Intelligence

    Current Use by Public Records

    Siponmaa Masonry Commercial General Contractor

    Suggested Use

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

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

    Similar Places Nearby

    • Shirley Catering — 27 Pratt Rd, Fitchburg, MA 01420
    • The Finicky Fork Catering Co. — 695 Main St Suite 2, Fitchburg, MA 01420

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7966061
    Latitude
    42.5796291

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    FAQs

    What type of property is this?
    Flex space - Two-building industrial flex setup with multiple garage doors and a range of ceiling heights for manufacturing and equipment use.
    Where is this flex space located?
    The property is located at 75 Walnut St. Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Industrial property built in 1900 with two buildings on one lot; Total of 10–11 rentable units, with nearly every unit (except the office) having 12 total garage doors; 12 garage doors include 4 drive‑in bays for equipment and vehicle access
    We can help!
    Listing Contact
    Michele Mathieu
    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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