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Financial
Distress signals
Property profile

1 Wallace Rd Fitchburg, MA 01420

OFF-MARKET
Retail space
Property ID
US38-0157836
4,000 SF 0.97 ac lot Built 1950
Last sale Nov 2024 · $212,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail property, the INDEPENDENCE BUILDING, presents a compelling investment opportunity in Fitchburg, Massachusetts. Located at 1 Wallace Rd, 01420, this 4,000 square foot, single-story building sits on a one-acre lot and offers significant potential for a variety of uses. Currently zoned C, the property boasts 15 parking spaces and is conveniently situated along the river and a bicycle/walkway, ensuring high visibility and accessibility. Built in 1950 and renovated in…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$4k
Tax billed · 2024
Assessed value$275k
Assessed land$143k
Assessed improvement$133k
Effective rate1.48%

Value estimate

· Oct 2026
$310k
$279k – $341k
AI approach$310k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$123/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$50 – $209
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C
General categoryCOMMERCIAL
JurisdictionFITCHBURG

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.8
Restaurant18.8
Dental Office17.6

Location

1 Wallace Rd Fitchburg, MA 01420-2935
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
395 Water, Fitchburg, MA 01420-7316 $220,000 Feb 2025 3,296 SF
289 Water, Fitchburg, MA 01420-5648 $275,000 Jan 2024 5,005 SF
25 Ashby State, Fitchburg, MA 01420-2001 $750,000 Jan 2024 4,084 SF
55 Airport, Fitchburg, MA 01420-8109 $421,000 Jul 2023 4,814 SF
386 Summer, Fitchburg, MA 01420-5956 $325,000 Jul 2023 5,130 SF
96 Franklin, Fitchburg, MA 01420-5214 $5,800,000 Nov 2022 4,784 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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