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    FOR LEASE
    Manufacturing properties

    1775 Lock Dr, Leominster, MA 01453

    5,040 SF 0.74 ac lot Built 2018
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US38-2287808
    Property summary
    AI-generated overview

    This exceptional 4,500-square-foot warehouse, located at 1775 Lock Drive in Leominster, Massachusetts, presents a fantastic opportunity for businesses seeking a single-tenant industrial space. The property boasts a 9.5-foot ceiling height, providing ample vertical storage capacity. With 17 total parking spaces, client and employee parking is readily available. The entire 4,500 square feet is currently vacant and ready for immediate occupancy. Situated in Worcester County, this warehouse offers convenient access to major transportation routes, making logistics and distribution efficient. The property is classified as industrial, with a warehouse subtype, ensuring it meets the needs of various industrial operations. The single-tenant occupancy provides privacy and control over the entire space. This property is available for lease and represents a significant opportunity for businesses seeking a functional and well-located warehouse in Leominster, MA. The zip code is 01453. The property's latitude and longitude coordinates are 42.524426 and -71.7349542, respectively. This is a single-tenant property.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 2018
    Construction STEEL FRAME
    Total area 5,040 SF
    Lot 0.74 ac (32,341 SF)
    APN LEOM M:0323 B:0013 L:0000
    UPID US38-2287808
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.49M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.46M
    Owner & transaction history
    Mr Howell Ent T · 3 yrs held
    Mr Howell Ent T
    since 2022
    Last sale
    $1.5M
    1 recorded transaction
    2022
    $1.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $950,000 +158.8%
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    More about this property
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