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    Property profile & analytics

    154 Pioneer Dr Leominster, MA 01453-3474

    • Manufacturing properties
    • 55,330 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    $4,265,000
    Last Sale
    Jan 06, 2023
    $4,500,000
    Location Intelligence
    Property ID
    US38-1900857
    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.

    Current Use by Public Records

    • Azelis L&MF US & Azelis Essential Chemicals US / Manufacturer
    • Azelis Pharma US / Chemical Wholesaler

    Property Details for 154 Pioneer Dr

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    5.00 lot acres
    Property size
    55,330 SF
    Property type
    Manufacturing properties
    APN
    LEOM M:0463 B:0010 L:0000
    APU
    LEOMM0463B0010L0000

    Description

    This exceptional Class A property, located at 154 Pioneer Drive in Leominster, Massachusetts, offers 55,330 square feet of versatile flex space ideal for manufacturing, distribution, or office use. Built in 1980 and situated on 5 acres in Worcester County, this multi-tenant building provides ample space for a variety of business needs. Currently, one 12,780 square foot space is available. The property enjoys a strategic location, just 1.2 miles from Route 2 access, ensuring convenient transportation and logistics. This prime location places the property amongst established corporate neighbors including AlphaGary, Highline Warren, and F&M Tool and Plastics. Employees and clients will appreciate the nearby amenities, including Dunkin Donuts and Mobile, as well as the convenient access to Orchard Hill Park, home to big-box retailers such as Target, Kohl's, and Dick's Sporting Goods. This property presents a rare opportunity to secure a well-located, substantial flex space in a thriving business community. The property's size, location, and amenities make it an attractive option for businesses seeking a high-quality space in a desirable area. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,955,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,570,000
      6.5%
      $4,185,000
      7%
      $4,095,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,190,000
      Geo Method
      $5,355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,345,000
      Retail
      $5,440,000
      Mixed-Use
      $4,800,000
      Hospitality
      $4,855,000
      Educational
      $4,255,000
      Residential Income
      $5,110,000
      Energy
      $4,110,000
      Income-Based Land
      $5,370,000
      Food Service
      $4,185,000

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7098
    Latitude
    42.532
    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
    $33,110
    $653,800
    $1,628,100
    $2,281,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      42,600 SF

      42 Jungle Rd

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    • Value Estimation by Request
      230,382 SF

      175 Pioneer Dr

      MANUFACTURING (LIGHT) • 230,382 SF
      175 Pioneer Dr, Leominster, MA 01453-3475
      View Details
    • Value Estimation by Request
      552,952 SF

      25 Tucker Dr

      MANUFACTURING (LIGHT) • 552,952 SF
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      View Details
    • Value Estimation
      $240,000
      1.41 Acres

      561 Research Dr

      MANUFACTURING (LIGHT) • 1.41 Acres
      561 Research Dr, Leominster, MA 01453-5285
      View Details

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    Similar Nearby for Lease

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    154 Pioneer Dr
    Leominster, MA 01453-3474
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    Realmo Value Estimation

    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.

    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.

    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
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