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    Property profile & analytics

    1118 Water St Fitchburg, MA 01420-7259

    • Investment properties
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US38-2479281
    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

    • Homevestors-Strategic Real Estate Solutions LLC / Real Estate Developer
    • Clearwater Real Estate Investment Group, LLC / Real Estate Developer
    • Rayco Motors / Used Car Dealer
    • RSC Global Realty / Real Estate Agency

    Property Details for 1118 Water St

    Lot size
    0.10 lot acres
    Zone code
    NB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    FITC M:0148 B:0012 L:0
    APU
    FITCM0148B0012L0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $375,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $310,000
      Mixed-Use
      $305,000
      Hospitality
      $290,000
      Educational
      $345,000
      Residential Income
      $360,000
      Energy
      $290,000
      Income-Based Land
      $360,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7796
    Latitude
    42.5627
    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
    $4,889
    $58,000
    $272,100
    $330,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      57,472 SF

      470 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 57,472 SF
      470 Main St, Fitchburg, MA 01420-8173
      View Details
    • Value Estimation by Request
      13,087 SF

      1005 Main St, Unit 1011

      OFFICE/RESIDENTIAL (MIXED USE) • 13,087 SF
      1005 Main St, Fitchburg, MA 01420-3179
      View Details
    • Value Estimation by Request
      11,368 SF

      185 Riv St

      OFFICE/RESIDENTIAL (MIXED USE) • 11,368 SF
      185 Riv St, Fitchburg, MA 01420-3480
      View Details
    • Value Estimation
      $470,000
      4,370 SF

      134 Summer St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,370 SF
      134 Summer St, Fitchburg, MA 01420-5869
      View Details
    • Value Estimation
      $65,000
      2,619 SF

      79-81 Bemis Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,619 SF
      79-81 Bemis Rd, Fitchburg, MA 01420
      View Details
    • Value Estimation
      $230,000
      1,404 SF

      917 Ashby State Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,404 SF
      917 Ashby State Rd, Fitchburg, MA 01420-1510
      View Details

    Similar Nearby for Sale

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      Mixed-use property in Fitchburg featuring a garage and ample parking.
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    • $550,000
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      Fitchburg Retail/Office Redevelopment Opportunity

      34,000+ sq ft retail/office space near train station.
      424-438 Main St, Fitchburg, MA 01420
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    Similar Nearby for Lease

    • Contact for pricing
      2,900 SF

      Retail Space on John Fitch Highway

      Retail suites available in high-traffic Fitchburg location near Route 2.
      353 John Fitch Hwy, Fitchburg, MA 01420
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    • $22 SF/Yr
      3,000 SF

      Renovated Medical Office Space Available

      Class A medical office building with ample parking and visibility.
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      View Details
    • Contact for pricing
      20,736 SF

      Fitchburg Warehouse Space Available

      20,736 SF warehouse space for rent in Fitchburg.
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    • $20 SF/Yr
      1,865 SF

      Prime Retail Space Available

      Exceptional retail opportunity on the Leominster/Fitchburg line.
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    • $11 SF/Yr

      Historic Storefront in Moran Square

      Storefront in Moran Square with high-visibility location and parking.
      10 Main St, Fitchburg, MA 01420
      View Details
    • $800 /Mo

      Newly Renovated Storefront Opportunity

      Renovated storefront near residential units, highways, and university.
      6 Summer St, Fitchburg, MA 01420
      View Details
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    1118 Water St
    Fitchburg, MA 01420-7259
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    Realmo Value Estimation

    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.

    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.

    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
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