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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Retail properties & Spaces
1123 Central St, Leominster, MA 01453-4960
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0466727
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1997
Construction
FRAME
Total area
12,905 SF
Lot
1.47 ac (64,033 SF)
APN
LEOM M:0523 B:0013 L:0000
UPID
US38-0466727
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
-
Joint Ventures Physical Therapy Medical Clinic
-
Tricia Griffis LMT Alternative Medicine Practice Spa & Massage Center
-
Elemental Soul Esthetics and Bridal Medical Clinic Skin Care Clinic
-
Gol Supermarket Leominster Grocery & Convenience Store Food Market
-
Modern Aesthetics By Ara Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.19M
CAP Approach
CAP
$2.94M
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$3.21M
Owner & transaction history
1123 Cslm LLC · 4 yrs held
1123 Cslm LLC
since 2022
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+20.2%
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
$3,235,000
ML approach
$3,190,000
CAP Approach
CAP Return
Estimation
6%
$3,180,000
6.5%
$2,935,000
7%
$2,725,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,025,000
Current use
RESTAURANT
$2,435,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,980,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10% · vs last sale $3.35M (Feb 18 2022)
Last sale anchor
$3.35M
Feb 18 2022
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
$249 / 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
$28,672
Tax year 2024
Assessed value
$1,976,000
Assessed 2024
Previous assessed
$1,936,500
+2.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$441,100
Assessed improvement
$1,534,900
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
12,905 SF
Lot
1.47 ac (64,033 SF)
APN
LEOM M:0523 B:0013 L:0000
UPID
US38-0466727
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
RETAIL STORES Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES Current
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
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
1123 Cslm LLC
Entity
Mailing address
77 HOLMAN ST, SHREWSBURY, MA 01545-2365
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$3,350,000
1123 Cslm LLC
Villa Property Group LLC
Quit Claim Arm's Length For Ne States
$2,400,000 · Enterprise Bank & Trust Co
May 11, 2021
—
Villa Prop Grp LLC
—
Deed
related
$117,000 · Avidia Bank
Dec 21, 2020
—
Villa Prop Grp LLC
—
Deed
related
$890,000 · Avidia Bank
Aug 20, 2020
$2,350,000
Villa Property Group LLC
576 Main Street LLC
Quit Claim Arm's Length For Ne States
$1,762,500 · Avidia Bank
Mar 21, 2017
—
576 Main Street LLC
—
Deed
related
$350,000 · Inst Svgs Newburyport
Jan 11, 2016
$1,790,000
576 Main Street LLC
Central Epp LLC
Quit Claim Arm's Length For Ne States
$1,055,000 · Inst Svgs Newburyport
Mar 31, 2011
$1,375,000
Central Epp LLC
Freya Fanning & Co LLC
Grant Deed
$995,000 · Digital FCU
Mar 28, 2008
$1
Freya Fanning & Co LLC
1123 Central Street LP
Grant Deed
—
Aug 18, 1995
$170,000
1123 Central St. Realty
Ibjtc RT
Grant Deed
—
Jun 25, 1987
$200,000
Cumberland Farms INC
Worc Cty Natl Bk NA
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.
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