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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Medical Office Space
155 Franklin Rd, Fitchburg, MA 01420-5140
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1688340
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
FRAME
Total area
5,022 SF
Lot
0.56 ac (24,215 SF)
Zoning code
CBD
APN
FITC M:0116 B:0044 L:0
UPID
US38-1688340
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
-
Dr. Bernard A. Westerling III, MD Pediatrician Physician
-
Fitchburg Family Medicine Medical Clinic
-
Markaddy Edna A MD Pediatrician Physician
-
Sullivan Iris MD Physician
-
Neety Patel, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
Kuchnir Partners LLC · 3 yrs held
Kuchnir Partners LLC
since 2022
Last sale
$990,000
4 recorded transactions
Zoning & alternative use
CBD · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$840,000
+35.4%
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 Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg 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
$955,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,005,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$620,000
Current use
RESTAURANT
$840,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $990k (Dec 23 2022)
Last sale anchor
$990k
Dec 23 2022
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
$193 / 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
$11,833
Tax year 2024
Assessed value
$799,000
Assessed 2024
Previous assessed
$783,100
+2.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$124,600
Assessed improvement
$674,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
5
Total area
5,022 SF
Lot
0.56 ac (24,215 SF)
Zoning code
CBD
APN
FITC M:0116 B:0044 L:0
UPID
US38-1688340
Jurisdiction
FITCHBURG
Zoning & alternative use
CBD · Fitchburg, MA
Zoning CBD · permitted uses
CBD · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$620,000
RESTAURANT
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$600,000
MEDICAL BUILDING Current
RESTAURANT
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
1991
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
5
Lot
0.56 ac
Current owner
From public records · entity-resolved
Kuchnir Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1 MERCANTILE ST STE #510, WORCESTER, MA 01608-3108
Ownership since
2022
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
Dec 23, 2022
$990,000
Kuchnir Partners LLC
Singletary Properties LLC
Quit Claim Arm's Length For Ne States
—
Nov 5, 2019
$800,000
Singletary Properties LLC
155 Franklin Road Invests
Quit Claim Arm's Length For Ne States
$600,000 · Westfield Bank Fsb
Nov 16, 2016
$755,000
155 Franklin Road Invests
Fluet James E Trust
Quit Claim Deed
$566,250 · Southbridge Svgs Bk
Apr 27, 2004
$1
James E Fluet RT
Fluet,raymond W
Grant Deed
related
—
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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