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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
1 Princeton Rd, Fitchburg, MA 01420-4638
Individually Owned
15-yr Hold
Free & Clear
Property ID
US38-1089019
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
STEEL FRAME
Total area
14,464 SF
Lot
0.69 ac (30,235 SF)
Zoning code
AI
APN
FITC M:0249 B:0035 L:C
UPID
US38-1089019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Union Products Inc. / Division of Cado Manufacturing Factory Production Facility
-
Cado Manufacturing Co Factory Production Facility
-
New England Keyboard Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$540k
Owner & transaction history
Claude Chapdelaine · 15 yrs held
Claude Chapdelaine
since 2010
7 recorded transactions
Zoning & alternative use
AI · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$37 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,374
Tax year 2024
Assessed value
$497,900
Assessed 2024
Previous assessed
$481,300
+3.4% YoY
Effective rate
1.48%
On assessed value
Assessed land
$130,600
Assessed improvement
$367,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
STEAM
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
14,464 SF
Lot
0.69 ac (30,235 SF)
Zoning code
AI
APN
FITC M:0249 B:0035 L:C
UPID
US38-1089019
Jurisdiction
FITCHBURG
Zoning & alternative use
AI · Fitchburg, MA
Zoning AI · permitted uses
AI · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
STEAM
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.69 ac
Current owner
From public records · entity-resolved
Claude Chapdelaine
Individual
Free & Clear · 15 yrs held
Mailing address
1 PRINCETON RD, FITCHBURG, MA 01420-4638
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2018
—
1 Princeton Road RT
—
Deed
related
$2,000,000 · Berkshire Bank
Dec 13, 2011
—
New England Keyboard INC
—
Deed Of Trust
related
$2,000,000 · Sovereign Bank
Aug 30, 2010
$1
Claude Chapdelaine
Cado Properties Corp
Grant Deed
—
Oct 26, 2004
—
David P Myers
—
Deed Of Trust
related
$188,000 · Sovereign Bank
Jul 13, 2004
$48,000
Loran RT
Labove,catherine E
Grant Deed
—
May 30, 1997
$150,000
Cado Properties Corp
Fitchburg Sb
Grant Deed
$127,500 · Fitchburg Savings Bank
May 24, 1994
$30,000
Herman Catalucci
Catalucci,joseph
Grant Deed
related
—
Dec 30, 1993
$225,000
Fitchburg Sb
Catalucci,herman
Grant Deed
—
Aug 30, 1989
—
Herman Catalucci
—
Deed Of Trust
related
$250,000 · Fitchburg Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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