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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
142 Main St, Leominster, MA 01453-5532
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1108317
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
FRAME
Total area
3,199 SF
Lot
0.28 ac (12,331 SF)
APN
LEOM M:0030 B:0006 L:0000
UPID
US38-1108317
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
-
Roncone III John L Law Firm
-
Roncone Donna R Law Firm
-
Cirillo&Roberts, P.C. Law Firm
-
Community Investment & Retirement Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$575k
Owner & transaction history
142 Main RT · 4 yrs held
142 Main RT
since 2021
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$500,000
+9.8%
Auto repair, garage
$490,000
+7.4%
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
$565,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$455,000
Current use
RETAIL STORES
$500,000
Change: +10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$490,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$405,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$370,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Aug 10 2021)
Last sale anchor
$575k
Aug 10 2021
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
$180 / 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
$6,767
Tax year 2024
Assessed value
$466,400
Assessed 2024
Previous assessed
$466,400
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$253,100
Assessed improvement
$213,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
3,199 SF
Lot
0.28 ac (12,331 SF)
APN
LEOM M:0030 B:0006 L:0000
UPID
US38-1108317
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
OFFICE BUILDING Current
Est. value
$455,000
RETAIL STORES
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$370,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
142 Main RT
Individual
Mailing address
142 MAIN ST, LEOMINSTER, MA 01453-5532
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$575,000
142 Main RT
142 Main Street T
Quit Claim Arm's Length For Ne States
$287,500 · Avidia Bank
Aug 10, 2021
—
142 Main RT
—
Deed
related
$235,000 · Bay Colony Development Corp
Sep 2, 2008
—
Main Street T 142
—
Deed Of Trust
related
$100,000 · Fitchburg Savings Bank
Sep 1, 1995
$87,500
142 Main Street Tr
Roncone,john L
Grant Deed
—
Aug 19, 1993
—
Johnl Roncone
—
Deed Of Trust
related
$50,000 · Worc County Inst Savings
Feb 4, 1991
—
John L Roncone
—
Deed Of Trust
related
$25,000 · Merchants National Bank
Jan 11, 1991
—
John L Roncone
—
Deed Of Trust
related
$25,000 · Merchants National Bank
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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