Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 Sack Blvd Leominster, MA 01453
    Back to Search
    Property profile & analytics

    15 Sack Blvd Leominster, MA 01453

    View on Map
    • Lifestyle centers
    • 26,942 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Liberty Tax / Accounting Firm / Tax Preparation

    Property Details for 15 Sack Blvd

    Property size
    26,942 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity is located at 15 Sack Blvd in Leominster, Massachusetts, within Worcester County. The property, a multi-tenant shopping center, boasts a total of 26,942 square feet of retail space. Currently, there is 2,400 square feet of immediately available space, perfect for a variety of retail uses. The property offers ample parking with 100 spaces available for customers and employees. The convenient location in Leominster, MA, zip code 01453, provides excellent visibility and accessibility for businesses seeking a strong presence in this thriving market. The property is classified as a shopping center and is ideal for businesses looking to establish or expand their retail operations. The building's size and parking capacity make it suitable for a range of retail concepts. This is a rare opportunity to secure prime retail space in a well-established shopping center with high visibility and ample parking. The property is currently available for lease and offers a chance to establish a successful business in a dynamic location. Interested parties should inquire promptly to secure this exceptional retail space. The property is situated at 42.5324692 latitude and -71.7454085 longitude.

    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
    -71.7454
    Latitude
    42.5325

    Comparable in this City

    • Value Estimation by Request
      26,700 SF

      76 Orchard Hill Park Dr

      Neighborhood centers • 26,700 SF
      76 Orchard Hill Park Dr, Leominster, MA 01453
      View Details
    • Value Estimation by Request
      3,360 SF

      80 Orchard Hill Park Dr

      Individual retail properties • 3,360 SF
      80 Orchard Hill Park Dr, Leominster, MA 01453
      View Details
    • Value Estimation
      $970,000
      21,100 SF

      444 Central St

      DEPARTMENT STORE • 21,100 SF
      444 Central St, Leominster, MA 01453-6161
      View Details
    • Value Estimation
      $2,470,000
      19,896 SF

      89 Commercial Rd

      DEPARTMENT STORE • 19,896 SF
      89 Commercial Rd, Leominster, MA 01453-3329
      View Details
    • Value Estimation
      $725,000
      16,421 SF

      195 Hamilton St

      DEPARTMENT STORE • 16,421 SF
      195 Hamilton St, Leominster, MA 01453-2309
      View Details
    • Value Estimation
      $850,000
      5,950 SF

      195 Ml St

      DEPARTMENT STORE • 5,950 SF
      195 Ml St, Leominster, MA 01453-3289
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,047 SF

      Retail and Multifamily Investment Opportunity

      Retail spaces and multifamily units near retail plazas.
      614 N Main St, Leominster, MA 01453
      View Details
    • $765,000

      Downtown Leominster 6-Unit Investment Property

      Fully occupied 6-unit building with commercial space and residential apartments.
      16 Depot Sq, Leominster, MA 01453
      View Details
    • Contact for pricing
      Pending

      Mixed-Use Building in Downtown Leominster

      Fully occupied mixed-use building with income potential in downtown Leominster.
      16 Depot Sq, Leominster, MA 01453
      View Details
    • Contact for pricing
      2,202 SF

      Two-Family Investment Opportunity

      Two-family property near amenities with income potential.
      59 Lancaster St, Leominster, MA 01453
      View Details
    • Contact for pricing
      2,070 SF

      Leominster Two-Family Cape Opportunity

      Two-family cape on dead-end street, ideal for investors.
      16 Central Ct, 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

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Grocery-Anchored Shopping Center Retail Space

      Retail space available in a regionally located shopping center.
      975 Merriam Ave, Leominster, MA 01453
      View Details
    • Contact for pricing
      5,320 SF

      Retail Space in Leominster Center

      Retail space in regional shopping destination near Route 2.
      489-493 N Main St, Leominster, MA 01453
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Leominster Center

      Retail space available in a busy Leominster shopping center.
      9-31 Sack Blvd, Leominster, MA 01453
      View Details
    • Contact for pricing

      Retail Space with Hardwood Floors

      Retail space featuring hardwood floors, natural light, and open layout.
      1007 Central St, Leominster, MA 01453
      View Details
    • Contact for pricing

      Downtown Storefront for Lease

      Versatile space in high-traffic area, ideal for various businesses.
      181 West St, Leominster, MA 01453
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,403 SqFt in Leominster, MA.
      80 Orchard Hill Park Dr, 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.
    15 Sack Blvd
    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
    15 Sack Blvd, 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!