Financial
Distress signals
Property profile

37 Franklin St Leominster, MA 01453

FOR SALE
Showrooms
Property ID
US38-0434752
2,896 SF 0.22 ac lot Built 1940
Last sale Apr 2019 · $30,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a recently renovated industrial/flex building with space usable as a warehouse or wood shop, and it is configured to allow build-out to office use. The building supports light industrial and office-oriented arrangements depending on the chosen interior improvements. The tenant is responsible for electricity and gas utility charges. It is located just outside downtown Leominster, with transit and walkability characteristics described as modest and a bike score indicating it is somewhat bikeable.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$190k
Assessed land$85k
Assessed improvement$104k
Effective rate1.45%

Value estimate

· Sep 2026
$200k
$180k – $220k
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 1,022.40% cap applied$26k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$115/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$65 – $169
Qualifying comparables13

Cap rate analysis

How does the asset earn?
1,022.40%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLEOMINSTER

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.8
Garden Center9.8
Smoke and Vape Shop9.8

Location

37 Franklin St Leominster, MA 01453
County assessor Recorded deeds · 4 transfers 13 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
320 Central, Leominster, MA 01453-6120 $800,000 Dec 2024 3,200 SF
190 Water, Leominster, MA 01453 $800,000 Nov 2024 2,576 SF
98 Pleasant, Leominster, MA 01453-3546 $490,000 Apr 2023 3,240 SF
782 Main, Leominster, MA 01453-1416 $554,500 Aug 2022 2,500 SF
391 Harvard, Leominster, MA 01453-3434 $650,000 Nov 2021 2,880 SF
39 Main, Leominster, MA 01453-5507 $263,000 Nov 2021 2,945 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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