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Property profile & analytics
FOR LEASE
Manufacturing properties

177 Florence St Leominster, MA 01453

87,677 SF 4.62 ac lot Built 1960
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US38-0156608
Property summary
AI-generated overview

This exceptional industrial warehouse property at 177 Florence Street in Leominster, Massachusetts offers 140,000 square feet of versatile space, ideal for a variety of industrial and warehousing needs. Currently, 20,000 square feet of contiguous space is immediately available, divisible into units as small as 3,000 square feet, providing flexibility for businesses of all sizes. The property sits on a generous 4-acre lot, ensuring ample room for loading, unloading, and potential future expansion. The warehouse boasts a 12-foot ceiling height, providing excellent vertical storage capacity. Power is robust, featuring 7,000 AMPS at 13,800 V/480, 3-phase, suitable for energy-intensive operations. The property is zoned for industrial use and is conveniently located in Worcester County, MA, with the address being 177 Florence Street, Leominster, MA 01453. This is a rare opportunity to secure prime industrial space in a thriving location. Contact us today to learn more about leasing options and to schedule a viewing.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 87,677 SF
Lot 4.62 ac (201,247 SF)
APN LEOM M:0349 B:0006 L:0000
UPID US38-0156608
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
  • Subcon Technology General Contractor Construction Company
  • Protective packaging incorporated Warehouse & Storage
  • CapEx FSC LLC Construction Company
  • Maz Tek Container Corporation Company
  • Aurora Plastics Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.06M
Blend (final) Blend
$2.20M
Owner & transaction history
Kuma Realty LLC · 17 yrs held
Kuma Realty LLC
since 2009
5 recorded transactions
2024
Price N/A
2021
Price N/A
2014
Price N/A
2009
$700,000
2008
$1
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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