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Property profile & analytics
FOR LEASE
Investment properties
10 Summer St Fitchburg Fitchburg, MA 01420
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-1856258
For Lease
1 / 6
$875/Mo
10 Summer St Fitchburg, Fitchburg, MA 01420
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
FRAME
Total area
11,604 SF
Lot
0.27 ac (11,585 SF)
Zoning code
DB
APN
FITC M:0057 B:0008 L:0
UPID
US38-1856258
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.43M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$2.51M
Owner & transaction history
M Jemms Fitchburg 1 LLC · 5 yrs held
M Jemms Fitchburg 1 LLC
since 2021
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
DB · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+181.3%
Auto repair, garage
$1.7M
+116.1%
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
$2,415,000
ML approach
$2,425,000
CAP Approach
CAP Return
Estimation
6%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
RESTAURANT
$2,190,000
Change: +181% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,680,000
Change: +116% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±10% · vs last sale $2.60M (Mar 25 2021)
Last sale anchor
$2.60M
Mar 25 2021
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
$216 / 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
$12,291
Tax year 2024
Assessed value
$829,900
Assessed 2024
Previous assessed
$790,800
+4.9% YoY
Effective rate
1.48%
On assessed value
Assessed land
$288,000
Assessed improvement
$541,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1940
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
4
Units
12
Rooms
42
Bathrooms
15
Total area
11,604 SF
Lot
0.27 ac (11,585 SF)
Zoning code
DB
APN
FITC M:0057 B:0008 L:0
UPID
US38-1856258
Jurisdiction
FITCHBURG
Zoning & alternative use
DB · Fitchburg, MA
Zoning DB · permitted uses
DB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
SPACE
Stories
4
Buildings
1
Units
12
Rooms
42
Bathrooms
15
Lot
0.27 ac
Current owner
From public records · entity-resolved
M Jemms Fitchburg 1 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 1164, BURLINGTON, MA 01803-6164
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
—
M Jemms Fitchburg I LLC
—
Deed
related
$2,675,000 · Clinton Savings Bank
Mar 25, 2021
$2,600,000
M Jemms Fitchburg 1 LLC
Moran Sq Realty Co INC
Quit Claim Arm's Length For Ne States
—
Dec 16, 1994
$85,000
Moran Square Realty
New Heritage Holdings
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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