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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Investment properties
132 Harvard St 138, Fitchburg, MA 01420-5863
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1290934
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1922
Construction
FRAME
Total area
6,908 SF
Lot
0.12 ac (5,223 SF)
Zoning code
NB
APN
FITC M:0083 B:0058 L:0
UPID
US38-1290934
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
-
Joly's Hair Studio Hair Salon
-
Ilianette Beauty Hair Salon Nail Salon
-
Antoraf Nail’s By Adlin Burgos Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$645k
Owner & transaction history
Cax Properties LLC · 5 yrs held
Cax Properties LLC
since 2021
1 recorded transaction
Zoning & alternative use
NB · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+116.1%
Neighborhood: shopping center
$870,000
+88.3%
Retail stores
$850,000
+83.6%
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 Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg 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
COMMERCIAL (GENERAL)
$465,000
Current use
AUTO REPAIR, GARAGE
$1,000,000
Change: +116% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$850,000
Change: +84% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$830,000
Change: +79% · Conversion: Moderate
WAREHOUSE, STORAGE
$695,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$93 / 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
$6,444
Tax year 2024
Assessed value
$435,100
Assessed 2024
Previous assessed
$369,200
+17.8% YoY
Effective rate
1.48%
On assessed value
Assessed land
$73,100
Assessed improvement
$362,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1922
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
3
Rooms
12
Bathrooms
6
Total area
6,908 SF
Lot
0.12 ac (5,223 SF)
Zoning code
NB
APN
FITC M:0083 B:0058 L:0
UPID
US38-1290934
Jurisdiction
FITCHBURG
Zoning & alternative use
NB · Fitchburg, MA
Zoning NB · permitted uses
NB · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
RETAIL STORES
Est. value
$850,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$695,000
OFFICE BUILDING
Est. value
$630,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1922
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
3
Rooms
12
Bathrooms
6
Lot
0.12 ac
Current owner
From public records · entity-resolved
Cax Properties LLC
Entity
Mailing address
19 HEMLOCK LN, ACTON, MA 01720-3903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2021
$405,000
Cax Properties LLC
Rm Prop Management LLC
Quit Claim Arm's Length For Ne States
$304,000 · Main Street Bank (ma)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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