Property profile

1078 Main St Leicester, MA 01524

OFF-MARKET
Office buildings
Property ID
US38-1722843
2,400 SF 0.12 ac lot Built 1950
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction FRAME
Total area 2,400 SF
Lot 0.12 ac (5,227 SF)
Zoning code CB
APN LEIC M:19B B:0000B19 L:0
UPID US38-1722843

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic

Location

1078 Main St Leicester, MA 01524-1396
Leicester metro Census 735100 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2024
Last sale
$411,000
5 recorded transactions
2024
Price N/A
2024
$411,000
2022
Price N/A
2019
$285,000
2017
$50,000

Zoning & alternative use

CB · Leicester, MA
Zoning description

Amend Section 3.34, Central Business District (CB), to allow large-scale ground-mounted solar photovoltaic installations by special permit from the Planning Board and to allow small-scale solar photovoltaic installations…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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