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Property profile & analytics
OFF-MARKET
Estimated value
$5,850,000
Retail space
1530 Main St, Leicester, MA 01524-1915
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0024665
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
STEEL FRAME
Total area
4,134 SF
Lot
2.04 ac (88,819 SF)
Zoning code
HB1
APN
LEIC M:018 B:00000B7 L:0
UPID
US38-0024665
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Citizens ATM Atm
-
Cumberland Farms Leicester Grocery & Convenience Store
-
Cumberland Farms Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.85M
Owner & transaction history
Obsidian Ml 6 LLC · 3 yrs held
Obsidian Ml 6 LLC
since 2023
Last sale
$6.4M
4 recorded transactions
Zoning & alternative use
HB1 · Leicester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Leicester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leicester 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
$5,065,000
ML approach
$5,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.85M
Range $5.27M – $6.44M · ±10% · vs last sale $6.41M (May 23 2023)
Last sale anchor
$6.41M
May 23 2023
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
$1,415 / 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
$12,314
Tax year 2024
Assessed value
$981,200
Assessed 2024
Previous assessed
$965,000
+1.7% YoY
Effective rate
1.25%
On assessed value
Assessed land
$264,600
Assessed improvement
$716,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
7
Bathrooms
3
Total area
4,134 SF
Lot
2.04 ac (88,819 SF)
Zoning code
HB1
APN
LEIC M:018 B:00000B7 L:0
UPID
US38-0024665
Jurisdiction
LEICESTER
Zoning & alternative use
HB1 · Leicester, MA
Zoning HB1 · permitted uses
HB1 · Leicester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leicester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
7
Bathrooms
3
Lot
2.04 ac
Current owner
From public records · entity-resolved
Obsidian Ml 6 LLC
Entity
Mailing address
1530 MAIN ST, LEICESTER, MA 01524-1915
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$6,411,396
Obsidian Ml 6 LLC
Cumberland Farms INC
Quit Claim Arm's Length For Ne States
—
Jan 10, 2011
—
Cumberland Farms INC
—
Deed Of Trust
related
$550,000,000 · Bank Of America
Sep 28, 2006
$625,000
Cumberland Farms INC
Soboleski,james R
Grant Deed
—
Nov 19, 2004
—
James R Soboleski
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
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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