Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1272 Central St Leominster, MA 01453
    Back to Search
    Property profile & analytics

    1272 Central St Leominster, MA 01453

    View on Map
    • Land
    • 1.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1272 Central St

    Lot size
    1.24 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This 1.24-acre industrial lot in Leominster, Massachusetts, presents a unique build-to-suit opportunity. Located at 1272 Central Street, this property boasts 200 feet of frontage and is zoned MU-1, allowing for a variety of industrial uses. Approved engineering plans are in place for a 9,600 square foot, two-story industrial warehouse featuring two 10-foot and two 12-foot overhead drive-in doors. The design also incorporates a drainage system and significant signage opportunities. The property's location in Worcester County offers excellent access to major transportation routes, making it an ideal site for businesses needing convenient logistics. The asking price for this ready-to-develop parcel is $495,000. This land offers a substantial return on investment for developers seeking a prime location in a thriving industrial area. The existing plans provide a solid foundation for immediate construction, minimizing pre-development delays and costs. Don't miss this chance to acquire a strategically located industrial lot with pre-approved plans for a modern, functional warehouse. A retaining wall is also included in the approved plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7448
    Latitude
    42.4914

    Comparable in this City

    • Value Estimation by Request
      67,500 SF

      21 Jungle Rd

      Distribution properties • 67,500 SF
      21 Jungle Rd, Leominster, MA 01453
      View Details
    • Value Estimation by Request
      2.72 Acres

      10 Powers St

      INDUSTRIAL (GENERAL) • 2.72 Acres
      10 Powers St, Leominster, MA 01453-3205
      View Details
    • Value Estimation
      $925,000
      8,000 SF

      803 Lancaster St

      INDUSTRIAL (GENERAL) • 8,000 SF
      803 Lancaster St, Leominster, MA 01453-4503
      View Details
    • Value Estimation
      $660,000
      1.04 Acres

      139 Central St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.04 Acres
      139 Central St, Leominster, MA 01453-6146
      View Details
    • Value Estimation by Request
      1,288 SF

      25 Mohawk Dr

      INDUSTRIAL (GENERAL) • 1,288 SF
      25 Mohawk Dr, Leominster, MA 01453-3363
      View Details
    • Value Estimation by Request
      1,183 SF

      13 Oak St, Unit 25

      INDUSTRIAL (GENERAL) • 1,183 SF
      13 Oak St, Leominster, MA 01453-2941
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Leominster Industrial Warehouse Investment

      29,000 SF industrial warehouse with new construction delivered in 2025.
      50 June St, Leominster, MA 01453
      View Details
    • $675,000
      6,700 SF

      Renovated Industrial Building Near Downtown

      6,700± SF industrial building with office and manufacturing space.
      22 Laurel St, Leominster, MA 01453
      View Details
    • $180,000
      3.01 Acres

      Land in Desirable Leominster Location

      Expansive 3+ acre lot perfect for building your dream home.
      Elm St, Leominster, MA 01453
      View Details
    • Contact for pricing

      Industrial Land in Leominster

      Industrial land suitable for storage, contractor, fleet, or flex development.
      650 Willard St, Leominster, MA 01453
      View Details
    • $2,500,000
      67,500 SF

      21 Jungle Rd, Leominster, MA 01453

      Industrial land • 67,500 SF
      21 Jungle Rd, Leominster, MA 01453
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Adaptable Commercial Space Available

      Versatile space suitable for gym, retail, office, or storage.
      557 Lancaster St, Leominster, MA 01453
      View Details
    • Contact for pricing

      Leominster Industrial Property with Offices

      8,900 SF warehouse and office space for lease.
      89 Crawford St, Leominster, MA 01453
      View Details
    • $5 SF/Yr

      Industrial Warehouse Space Available

      15,000 SF industrial/warehouse space for lease.
      177 Florence St, Leominster, MA 01453
      View Details
    • Contact for pricing

      Leominster Warehouse with Modern Upgrades

      Sublease opportunity: warehouse featuring new roof, storefront, loading docks.
      489 North Main St, Leominster, MA 01453
      View Details
    • Contact for pricing

      Distribution/Manufacturing Spec Build to Suit

      234,000 SF Class A distribution/manufacturing build-to-suit opportunity.
      Orch Hl Dr, Leominster, MA 01453
      View Details
    • Contact for pricing
      67,500 SF

      Leominster Warehouse: 67,500 SF

      Massive warehouse, ideal for build-to-suit.
      21 Jungle Rd, Leominster, MA 01453
      View Details
    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.
    1272 Central St
    Leominster, MA 01453
    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
    1272 Central St, Leominster, MA, 01453
    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!