Property profile

1771 Lck Dr Leominster, MA 01453

OFF-MARKET
Warehouses
Property ID
US38-2055885
25,600 SF 4.25 ac lot Built 2021
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,650-square-foot industrial warehouse space is part of a larger 25,600-square-foot building located at 1771 Lock Drive in Worcester County. Built in 2021, this single-story structure offers a modern and efficient layout. The unit boasts a generous 17-foot ceiling height, providing ample vertical space for storage and operations. Access is convenient with two loading docks and two dock-high doors, complemented by five drive-in doors for easy loading and unloading. The space includes a grease trap and a water/oil separator, essential features for many industrial businesses. A significant advantage is the inclusion of over half an acre of outdoor storage area, providing ample space for materials, equipment, or overflow inventory. The entire building comprises three suites, with a minimum divisible space of 7,650 square feet and a maximum contiguous space of 7,650 square feet. The property sits on a 4.25-acre lot. This warehouse is ideal for businesses requiring efficient space, excellent access, and substantial outdoor storage capabilities. The modern design and features make this an attractive option for a variety of industrial uses. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2021
Construction STEEL FRAME
Total area 25,600 SF
Lot 4.25 ac (185,130 SF)
APN LEOM M:0323 B:0001 L:0000
UPID US38-2055885

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1771 Lck Dr Leominster, MA 01453
Leominster metro Census 709400 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.13M
Blend (final) Blend
$2.79M

Owner & transaction history

since 2025
Last sale
$3.3M
3 recorded transactions
2025
$3.3M
2005
$275,000
1990
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $4.8M +87.9%
Retail stores $4.0M +56.4%
Auto repair, garage $3.9M +52.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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