22 Laurel St Leominster, MA 01453
- Manufacturing properties
- 6,710 SF
- 0.30 lot acres
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
-
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