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Property profile & analytics

22 Laurel St Leominster, MA 01453

  • Manufacturing properties
  • 6,710 SF
  • 0.30 lot acres
Value Estimation
Location Intelligence
Property ID
US38-0944899
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Landrau Scientific Innovations / Pharmaceutical Lab

Property Details for 22 Laurel St

Year built
1920
Construction
FRAME
Lot size
0.30 lot acres
Property size
6,710 SF
Property type
Manufacturing properties
APN
LEOM M:0041 B:0005A L:0000
APU
LEOMM0041B0005AL0000

Description

This fully equipped, 6,710 square foot laboratory in Leominster, Massachusetts, is ideally suited for research and manufacturing. The facility boasts a comprehensive array of analytical testing capabilities, including thermal gravimetric analysis (TGA), differential scanning calorimetry (DSC), modulated DSC, HPLC, LC/MS, GC/MS, FT-IR, AA, particle size analysis, nanosizer, PCR, and AKTA systems. It's equipped to support diverse applications such as drug formulation, small molecule and polymer synthesis, cosmetic formulation, material sciences, and biology (resin coupling and bio-purification). The building features a 14-year-old rubber roof, a robust 17,000 amp electrical service (480 volts at the pole and 240 volts, 3-phase power inside), a full sprinkler system, and a security system. Additional features include one loading dock, an overhead door, a compressor, gas and air lines, 1,000 square feet of office space, and 5,700 square feet of dedicated research or manufacturing space. The boiler is approximately 8 years old, and the building underwent a complete renovation 7 years ago. The property sits on a 0.3-acre lot and is offered at $1,200,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $290,000
  • CAP approach

    CAP return
    Estimation
    6%
    $215,000
    6.5%
    $215,000
    7%
    $205,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $220,000
    Geo Method
    $190,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $220,000
    Retail
    $210,000
    Mixed-Use
    $210,000
    Hospitality
    $245,000
    Educational
    $245,000
    Residential Income
    $200,000
    Energy
    $215,000
    Income-Based Land
    $205,000
    Food Service
    $230,000

Location Insight

  • Map
  • Local Demand
City
Leominster
County
Worcester
State
Massachusetts
Longitude
-71.7534
Latitude
42.5249
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,057
$89,200
$121,500
$210,700
-
$0.00
$0.00
$0.00
More about this property
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