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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Manufacturing properties
181 Upham St, Fitchburg, MA 01420-4594
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US38-1304125
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
STEEL FRAME
Total area
6,336 SF
Lot
0.69 ac (30,000 SF)
Zoning code
I
APN
FITC M:0059 B:0010 L:0
UPID
US38-1304125
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
-
Kelley Welding General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$505k
Owner & transaction history
Upstreet RT · 26 yrs held
Upstreet RT
since 1999
6 recorded transactions
Zoning & alternative use
I · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$800,000
+57.7%
Retail stores
$780,000
+53.8%
Apartment house (5+ units)
$760,000
+49.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$505,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$780,000
Change: +54% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$760,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$635,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$575,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$80 / 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
$4,976
Tax year 2024
Assessed value
$336,000
Assessed 2024
Previous assessed
$325,400
+3.3% YoY
Effective rate
1.48%
On assessed value
Assessed land
$110,600
Assessed improvement
$225,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
RADIANT
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
6,336 SF
Lot
0.69 ac (30,000 SF)
Zoning code
I
APN
FITC M:0059 B:0010 L:0
UPID
US38-1304125
Jurisdiction
FITCHBURG
Zoning & alternative use
I · Fitchburg, MA
Zoning I · permitted uses
I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
RETAIL STORES
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$635,000
OFFICE BUILDING
Est. value
$575,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1986
Construction
STEEL FRAME
Heating
RADIANT
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Upstreet RT
Individual
Mailing address
181 UPHAM ST, FITCHBURG, MA 01420-4594
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2008
—
Upstreet RT
—
Deed Of Trust
related
$130,000 · Fitchburg Savings Bank
May 25, 2001
—
Upstreet RT
—
Deed Of Trust
related
$60,000 · Fitchburg Savings Bank
Sep 30, 1999
$170,000
Upstreet RT
American Scraping&tool
Grant Deed
$136,000 · Fitchburg Savings Bank
Jun 6, 1997
—
American Scraping
—
Deed Of Trust
related
$95,000 · Fitchburg Savings Bank
Nov 21, 1990
$175,000
American Scraping & Ma
Magnolia RT
Grant Deed
$136,000 · Merchants Natl Bank
Mar 15, 1989
$110,000
Magnolia RT
Jackson Ave RT
Grant Deed
$110,000 · Merchants Natl Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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