Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2 Ray Ave, Unit 12 Fitchburg, MA 01420-5924

    • Retail space
    • 5,456 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US38-1032176
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Subway / Caterer / Fast Food Restaurant

    Property Details for 2 Ray Ave

    Year built
    1985
    Lot size
    0.34 lot acres
    Property size
    5,456 SF
    Zone code
    C
    Property type
    Retail space
    APN
    FITC M:0111 B:0022 L:0
    APU
    FITCM0111B0022L0

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7758
    Latitude
    42.5718
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,470
    $148,700
    $288,200
    $436,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,200 SF

      133 Water St

      RETAIL STORES (PERSONAL SERVICES) • 9,200 SF
      133 Water St, Fitchburg, MA 01420-5479
      View Details
    • Value Estimation by Request
      13,807 SF

      161 Main St

      RETAIL STORES (PERSONAL SERVICES) • 13,807 SF
      161 Main St, Fitchburg, MA 01420-4329
      View Details
    • Value Estimation
      $180,000
      2,496 SF

      49 John Fitch Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,496 SF
      49 John Fitch Hwy, Fitchburg, MA 01420-5903
      View Details
    • Value Estimation
      $740,000
      1,678 SF

      371 Lunenburg St

      RETAIL STORES (PERSONAL SERVICES) • 1,678 SF
      371 Lunenburg St, Fitchburg, MA 01420-4540
      View Details
    • Value Estimation
      $295,000
      7,992 SF

      377 Main St, Unit 383

      RETAIL STORES (PERSONAL SERVICES) • 7,992 SF
      377 Main St, Fitchburg, MA 01420-8006
      View Details
    • Value Estimation
      $235,000
      2,854 SF

      3 Pershing St

      RETAIL STORES (PERSONAL SERVICES) • 2,854 SF
      3 Pershing St, Fitchburg, MA 01420-3829
      View Details

    Similar Nearby for Sale

    • $550,000
      34,000 SF

      Fitchburg Retail/Office Redevelopment Opportunity

      34,000+ sq ft retail/office space near train station.
      424-438 Main St, Fitchburg, MA 01420
      View Details
    • $90,000

      Downtown Fitchburg Commercial Property

      Commercial property in revitalizing downtown Fitchburg, near commuter rail.
      17 Summer St, Fitchburg, MA 01420
      View Details
    • $699,900

      Fitchburg Office/Retail Building For Sale

      3401 sqft office/retail building with high traffic volume.
      977 South St, Fitchburg, MA 01420
      View Details
    • $670,000

      Six-Unit Investment Property For Sale

      Six-unit property with five residential units and one commercial unit.
      230 Kimball St, Fitchburg, MA 01420
      View Details
    • $219,900

      Commercial Building with Retail Potential

      Commercial building suitable for retail, contracting, sales, or distribution.
      3 Pershing St, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      1,400 SF

      Retail Building on Summer Street

      Freestanding retail building with parking on heavily trafficked street.
      401 Summer St, Fitchburg, MA 01420
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Parkhill Plaza Office/Retail Space

      Office/Retail space for lease in a busy plaza.
      491 Electric Ave, Fitchburg, MA 01420
      View Details
    • $16 SF/Yr
      5,500 SF

      Fitchburg Retail/Office Space Available

      Retail/office space with prominent frontage and ample parking.
      265 Summer St, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      169,443 SF

      Fitchburg Retail Space For Rent

      Retail suites available in high-traffic Fitchburg location.
      353-385 John Fitch Hwy, Fitchburg, MA 01420
      View Details
    • $2,500 /Mo

      Downtown Fitchburg Retail/Office Space

      1,875 sq ft space in downtown Fitchburg for lease.
      350 Main St, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      2,303 SF

      Renovated Retail Space in Fitchburg

      Recently renovated retail spaces available in John Fitch Plaza.
      380-510 John Fitch Hwy, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      2,900 SF

      Retail Space on John Fitch Highway

      Retail suites available in high-traffic Fitchburg location near Route 2.
      353 John Fitch Hwy, Fitchburg, MA 01420
      View Details

    Property Visit Statistics

    • Visits by month
      4.6k
    • Visitors by month
      3.2k
    • Avg Time on site
      18 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Ray Ave, Unit 12
    Fitchburg, MA 01420-5924
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.