Property profile

1497 Main St Leicester, MA 01524

OFF-MARKET
Retail space
Property ID
US38-2453800
1,296 SF 0.89 ac lot Built 1951
Entity Owned 8-yr Hold
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Construction FRAME
Total area 1,296 SF
Lot 0.89 ac (38,986 SF)
Zoning code BR-1
APN LEIC M:26A B:0000A33 L:0
UPID US38-2453800

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
  • Hair Salon
  • Medical Clinic Skin Care Clinic
  • Medical Clinic Skin Care Clinic

Location

1497 Main St Leicester, MA 01524-1940
Leicester metro Census 735100 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2018
5 recorded transactions
2018
$175,000
2005
Price N/A
2000
Price N/A
1995
Price N/A
1969
Price N/A

Zoning & alternative use

BR-1 · Leicester, MA
Zoning description

Amendment to Section 3.30 Business Residential (BR-1) zoning district to allow Auto Repair/Service No Approved pending 5/6/2025 26 Amendments to the Use Table Sections 3.2.03.15 and 3.2.05.3 no pass pending 5/6/2025 25 A…

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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