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    Property profile & analytics

    1775 Lock Dr Leominster, MA 01453

    • Manufacturing properties
    • 5,040 SF
    • 0.74 lot acres
    For Lease
    View listing
    Value Estimation
    $1,410,000
    Last Sale
    Nov 17, 2022
    $1,465,000
    Location Intelligence
    Property ID
    US38-2287808
    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

    • Manufacturing properties

    Property Details for 1775 Lock Dr

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    0.74 lot acres
    Property size
    5,040 SF
    Property type
    Manufacturing properties
    APN
    LEOM M:0323 B:0013 L:0000
    APU
    LEOMM0323B0013L0000

    Description

    This exceptional 4,500-square-foot warehouse, located at 1775 Lock Drive in Leominster, Massachusetts, presents a fantastic opportunity for businesses seeking a single-tenant industrial space. The property boasts a 9.5-foot ceiling height, providing ample vertical storage capacity. With 17 total parking spaces, client and employee parking is readily available. The entire 4,500 square feet is currently vacant and ready for immediate occupancy. Situated in Worcester County, this warehouse offers convenient access to major transportation routes, making logistics and distribution efficient. The property is classified as industrial, with a warehouse subtype, ensuring it meets the needs of various industrial operations. The single-tenant occupancy provides privacy and control over the entire space. This property is available for lease and represents a significant opportunity for businesses seeking a functional and well-located warehouse in Leominster, MA. The zip code is 01453. The property's latitude and longitude coordinates are 42.524426 and -71.7349542, respectively. This is a single-tenant property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,310,000
      7%
      $1,375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,300,000
      Geo Method
      $1,575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,290,000
      Retail
      $1,455,000
      Mixed-Use
      $1,220,000
      Hospitality
      $1,155,000
      Educational
      $1,510,000
      Residential Income
      $1,565,000
      Energy
      $1,150,000
      Income-Based Land
      $1,430,000
      Food Service
      $1,280,000

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7348
    Latitude
    42.5245
    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
    $8,121
    $160,800
    $398,900
    $559,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      150 Industrial Rd

      MANUFACTURING (LIGHT) • 132,534 SF
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    • Value Estimation by Request
      250,000 SF

      529 Lancaster St

      Distribution properties • 250,000 SF
      529 Lancaster St, Leominster, MA 01453
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    • Value Estimation
      $850,000
      3,133 SF

      5 Chestnut St

      MANUFACTURING (LIGHT) • 3,133 SF
      5 Chestnut St, Leominster, MA 01453-3919
      View Details
    • Value Estimation
      $6,875,000
      44,350 SF

      24 Jytek Dr

      MANUFACTURING (LIGHT) • 44,350 SF
      24 Jytek Dr, Leominster, MA 01453-5932
      View Details

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    Similar Nearby for Lease

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      4,500 SF

      Leominster Warehouse: 4,500 SF

      Spacious warehouse, ideal for your business.
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    • Contact for pricing
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    1775 Lock Dr
    Leominster, MA 01453
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    Realmo Value Estimation

    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.

    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.

    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
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