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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Specialty properties
1000 Lancaster St, Leominster, MA 01453-4559
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-0630659
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,912 SF
Lot
2.9 ac (126,324 SF)
APN
LEOM M:0448 B:0001A L:0000
UPID
US38-0630659
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
-
MOC Child Care And Head Start Center High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.80M
Owner & transaction history
Montachusett Opportun INC · 21 yrs held
Montachusett Opportun INC
since 2004
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+71.3%
Retail stores
$2.2M
+42.6%
Auto repair, garage
$2.1M
+39.4%
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 Leominster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leominster 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
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,530,000
Current use
RESTAURANT
$2,625,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$2,185,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,135,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,990,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,755,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,670,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,600,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±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
$129 / 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
Assessed value
$3,120,000
Assessed 2024
Previous assessed
$2,761,600
+13.0% YoY
Assessed land
$497,600
Assessed improvement
$2,622,400
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
4
Bathrooms
4
Total area
13,912 SF
Lot
2.9 ac (126,324 SF)
APN
LEOM M:0448 B:0001A L:0000
UPID
US38-0630659
Jurisdiction
LEOMINSTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.6M
RETAIL STORES
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
4
Bathrooms
4
Lot
2.9 ac
Current owner
From public records · entity-resolved
Montachusett Opportun INC
Entity
Mailing address
133 PRICHARD ST, FITCHBURG, MA 01420-7539
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2008
—
Mass Dev Agency
—
Deed Of Trust
related
$1,450,000 · Enterprise Bank & Trust
Oct 26, 2006
—
Montachusett Opportu INC
—
Deed Of Trust
related
$560,000 · North Central Ma Dev
Aug 16, 2005
—
Montachusett Opportu INC
—
Deed Of Trust
related
$740,000 · Enterprise Bank & Trust
Sep 30, 2004
$726,552
Montachusett Opportun INC
Liberty Rental Corp
Grant Deed
$321,000 · Enterprise Bank & Trust
Jun 12, 2003
$700,000
Liberty Rental Corp
Italian American Rlty Co
Grant Deed
$500,000 · Enterprise Bank & Trust
Jun 24, 1999
—
Italian American Rlty
—
Deed Of Trust
related
$430,000 · Enterprise Bank & Trust
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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