Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 Commercial Rd Leominster, MA 01453

    • Commercial real estate
    • 66.70 lot acres
    For Lease
    View listing
    Last Sale
    Jan 07, 2020
    $20,000,000
    Value Estimations
    $20,645,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0209189
    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

    • Greater Leominster Tree Service / Landscaping / General Contractor
    • T-Mobile Authorized Retailer / Telecommunications Service / Data Center
    • CellAXS Phone Repair / Computer & Electronic Repair / Tech Support Center
    • REST AND RELAXATION / Alternative Medicine Practice / Spa & Massage Center
    • Eyebrow Studio23 / Hair Salon

    Property Details for 100 Commercial Rd

    Lot size
    66.70 lot acres
    Property type
    Commercial real estate
    APN
    LEOM M:0567 B:0012 L:0000
    APU
    LEOMM0567B0012L0000

    Description

    The Mall at Whitney Field offers exceptional retail opportunities in a prime Leominster location. This vibrant shopping center boasts a diverse tenant mix, including national brands like McDonald's, PetSmart, Chipotle, and Taco Bell, ensuring high foot traffic and visibility. The property features a total of 623,962 square feet of retail space, with three spaces currently available, ranging from 2,657 square feet to 65,340 square feet. The flexible space options cater to a variety of retail concepts, from smaller inline stores to larger anchor tenants. The center enjoys a highly visible location at a signalized intersection, providing easy access and excellent exposure for businesses. Its strategic placement adjacent to a Market Basket further enhances its appeal, drawing significant customer traffic to the entire shopping center. Both outparcel and inline spaces are available, offering diverse options to suit specific business needs. This presents a unique opportunity to establish a presence in a thriving retail environment with strong existing anchors and high consumer traffic. The property's size and location make it an ideal investment for businesses seeking to expand their reach or establish a new presence in a high-demand market. Contact us today to discuss available spaces and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $13,175,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7413
    Latitude
    42.5288
    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
    $174,816
    $456,600
    $11,591,400
    $12,048,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      60.13 Acres

      40 Monoosnock Ave

      COMMERCIAL (GENERAL) • 60.13 Acres
      40 Monoosnock Ave, Leominster, MA 01453-2417
      View Details
    • Value Estimation by Request
      8.27 Acres

      280 New Lancaster Rd, Unit 340

      COMMERCIAL (GENERAL) • 8.27 Acres
      280 New Lancaster Rd, Leominster, MA 01453-5050
      View Details
    • Value Estimation
      $590,000
      11.14 Acres

      310 Water Tower Pl

      COMMERCIAL (GENERAL) • 11.14 Acres
      310 Water Tower Pl, Leominster, MA 01453
      View Details
    • Value Estimation by Request
      2.14 Acres

      665 Central St

      COMMERCIAL (GENERAL) • 2.14 Acres
      665 Central St, Leominster, MA 01453-6165
      View Details
    • Value Estimation
      $1,780,000
      12,800 SF

      55 Cinema Blvd

      SHOW ROOM, WAREHOUSE • 12,800 SF
      55 Cinema Blvd, Leominster, MA 01453-3290
      View Details
    • Value Estimation
      $1,300,000
      9,000 SF

      25 Cinema Blvd, Unit 35

      SHOW ROOM, WAREHOUSE • 9,000 SF
      25 Cinema Blvd, Leominster, MA 01453-3290
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.30 Acres

      Leominster, MA Lab Facility

      State-of-the-art lab, 6,710 sq ft
      22 Laurel St, Leominster, MA 01453
      View Details
    • $999,900

      Leominster Multifamily Investment Opportunity

      Five-unit property with value-add potential and low overhead.
      25 Union St, Leominster, MA 01453
      View Details
    • $499,900

      Leominster Three-Family Property

      Three-family property with spacious units, yard, and two-car garage.
      284 Mechanic St, Leominster, MA 01453
      View Details
    • $475,000

      Paved Corner Lot For Sale

      Corner lot in excellent location with high traffic and density.
      718 Central St, Leominster, MA 01453
      View Details
    • $595,000

      Leominster Triplex Near Downtown

      Well-maintained three-unit property near downtown Leominster and train station.
      302 Pleasant St, Leominster, MA 01453
      View Details
    • $1,050,000

      Leominster Multifamily Investment Opportunity

      Well-maintained, fully leased 6-unit building with strong income potential.
      58 4Th St, Leominster, MA 01453
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      623,962 SF

      Whitney Field Retail Spaces Available

      Leominster Retail Center: Multiple Spaces
      100 Commercial Rd, Leominster, MA 01453
      View Details
    • $40,783

      Leominster Warehouse and Office Bundle

      Office and warehouse space available for lease in Leominster.
      25 Mohawk Dr, Leominster, MA 01453
      View Details
    • Contact for pricing

      Industrial Build-to-Suit Opportunity

      Industrial space for rent, build to suit up to 200,000 SF.
      Tanzio Rd, Leominster, MA 01453
      View Details
    • Contact for pricing
      15,353 SF

      Leominster Retail Development Opportunity

      1.79-acre parcel suitable for retail or mixed-use development.
      609 Main St, Leominster, MA 01453
      View Details
    • $17 SF/Yr
      5,000 SF

      Downtown Leominster Office Space

      5,000 SF office space available October 1, 2025.
      29 Main St, Leominster, MA 01453
      View Details
    • $1,100 /Mo

      Retail Space in Leominster Mall

      Retail or office space available in a busy strip mall.
      853 North Main A103, Leominster, MA 01453
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    100 Commercial Rd
    Leominster, MA 01453
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.