Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 Lunenburg St Fitchburg, MA 01420-7808
    Back to Search
    Property profile & analytics

    15 Lunenburg St, Fitchburg, MA 01420-7808

    View on Map
    • Investment properties
    • 18,858 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Mar 25, 2021
    $2,600,000
    Property ID
    US38-0600847
    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.
    Value Estimations
    $2,580,000
    Show details
    Cap Rate Potential
    7%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Boss Pizza and Wings / Restaurant

    Property Details for 15 Lunenburg St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.28 lot acres
    Zone code
    DB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    FITC M:0056 B:0013 L:0
    APU
    FITCM0056B0013L0

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2025 $1,730,000 Haaim Toveem Prperties Ll 15-25 Lunenburg Street RT Deed $1.3M · Eastern Bank
    Nov 18, 2022 $1,400,000 15-25 Lunenburg Street RT 15-25 Lunenburg St LLC Deed $1.1M · Eastern Bank
    Sep 26, 2022 — M Jemms Fitchburg I LLC — Deed · related $2.7M · Clinton Savings Bank
    Jul 27, 2021 $995,000 15-25 Lunenburg St LLC Tradewinds Newport LLC Deed $746k · Eastern Bank
    Mar 25, 2021 $2,600,000 M Jemms Fitchburg 1 LLC Moran Sq Realty Co INC Quit Claim Arm's Length For Ne States $1.1M · V3 Ventures
    Mar 25, 2021 — M Jemms Fitchburg 1 LLC — Deed · related $500k · David Khani
    Oct 1, 1996 — Moran Square Realty — Deed Of Trust · related $30k · Enterprise Bank & Trust
    Feb 22, 1996 — Moran Square Realty — Deed Of Trust · related $225k · Enterprise Bank & Trust
    Aug 15, 1995 — Moran Square Rlty Co — Deed Of Trust · related $35k · Bankboston Development Co LLC
    Dec 6, 1994 — Moran Square Realty Co — Deed Of Trust · related $200k · Bankboston Development Co LLC
    Dec 2, 1993 $200,000 Moran Square Rlty Sl Properties Ltd Grant Deed $160k · Wmc Mortgage Corp
    Apr 27, 1992 $200,000 Sl Properties Ltd G&c Investment Corp Grant Deed —
    Jan 11, 1991 $521,000 G & C Investment Corp 1525 Lunen RT Grant Deed $521k · Mortgage Investment
    Jan 11, 1991 $922,000 G & C Investment Corp 1-7 Lunen Et Grant Deed $922k · Mortgage Investment
    Oct 12, 1988 — 1 2 Lune R T 1-7 — Deed Of Trust · related $6.5M · Mortgage Investment
    Apr 15, 1988 — 1-7 1/2 Lunenburg RT — Deed Of Trust · related $680k · Mortgage Investment

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,415,000
      ML approach
      $2,405,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,835,000
      6.5%
      $2,615,000
      7%
      $2,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,602,000
      Market price range: $827k - $1.79M
      AI Estimate
      $2,852,000
      Market price range: $817k - $3.72M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,555,000
      AUTO REPAIR, GARAGE
      $2,730,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,380,000
      RETAIL STORES
      $2,320,000
      APARTMENT HOUSE (5+ UNITS)
      $2,265,000
      WAREHOUSE, STORAGE
      $1,890,000
      OFFICE BUILDING
      $1,715,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7901
    Latitude
    42.5816
    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
    $20,878
    $360,000
    $1,049,700
    $1,409,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.37 Acres

      340 Marshall Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      340 Marshall Rd, Fitchburg, MA 01420-2031
      View Details
    • Value Estimation
      $1,005,000
      7,372 SF

      116 Prichard St

      OFFICE/RESIDENTIAL (MIXED USE)
      116 Prichard St, Fitchburg, MA 01420-7538
      View Details
    • Value Estimation
      $1,065,000
      10,824 SF

      1428 Water St

      OFFICE/RESIDENTIAL (MIXED USE)
      1428 Water St, Fitchburg, MA 01420-7244
      View Details
    • Value Estimation by Request
      3,016 SF

      104 Lunenburg St

      OFFICE/RESIDENTIAL (MIXED USE)
      104 Lunenburg St, Fitchburg, MA 01420-4471
      View Details
    • Value Estimation
      $715,000
      10,146 SF

      137 Lunenburg St

      OFFICE/RESIDENTIAL (MIXED USE)
      137 Lunenburg St, Fitchburg, MA 01420-4461
      View Details
    • Value Estimation by Request
      5,712 SF

      117th Lunenburg St

      OFFICE/RESIDENTIAL (MIXED USE)
      117th Lunenburg St, Fitchburg, MA 01420-4459
      View Details

    Similar Nearby for Sale

    • $675,000
      2,018 SF

      New Build Mixed-Use Property

      Mixed-use property built in 2015 with parking and garage.
      381 Summer St, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      34,000 SF

      Approved Mixed-Use Development Project

      Approved mixed-use development project with 17 residential units and office.
      424-438 Main St, Fitchburg, MA 01420
      View Details
    • $1,090,000
      1.59 Acres

      Gateway Fitchburg Retail Property

      High-traffic Route 12 retail space with ample parking.
      480 Water St, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      Pending

      Fitchburg Two-Family Home

      Circa 1882 two-family home near Fitchburg University.
      82 Charles St, Fitchburg, MA 01420
      View Details
    • Contact for pricing

      Fitchburg Multi-Tenant Office Building

      Four-story office building with income and upside potential.
      76 Summer St, Fitchburg, MA 01420
      View Details
    • Contact for pricing

      Versatile Two-Family Property

      Two-family property with income potential, currently used as single-family.
      24 Lawrence St, Fitchburg, MA 01420
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fitchburg Industrial Space For Rent

      Versatile industrial space with loading dock, drive-in bay, and high ceilings.
      75 Walnut St 2Fr, Fitchburg, MA 01420
      View Details
    • Contact for pricing

      Fitchburg Manufacturing/Warehouse Space Available

      Versatile industrial/warehouse unit ideal for various business operations.
      75 Walnut St 1R, Fitchburg, MA 01420
      View Details
    • Contact for pricing

      Retail Space on John Fitch Highway

      Retail space with high visibility on a busy corridor.
      353-385 John Fitch Hwy, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      3,500 SF

      Downtown Fitchburg Office/Retail Space

      Class A office or retail space in downtown Fitchburg.
      625 Main St, Fitchburg, MA 01420
      View Details
    • New
      Contact for pricing
      2,176 SF

      Endcap Retail Suite with Drive-Through

      High-visibility endcap with drive-through access, positioned as a strong retail frontage within a shadow-anchored shopping center.
      147 Water St, Fitchburg, MA 01420
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      925
    • Avg Time on site
      16 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Lunenburg St
    Fitchburg, MA 01420-7808
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15 Lunenburg St, Fitchburg, MA, 01420
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!