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Property profile & analytics
OFF-MARKET
Industrial land
2 Willard St, Leominster, MA 01453-4925
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-2136256
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
5.43 ac (236,531 SF)
APN
LEOM M:0500 B:0002 L:0000
UPID
US38-2136256
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
R S Lucier Const Corp · 1 yrs held
R S Lucier Const Corp
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Leominster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leominster 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,574
Tax year 2024
Assessed value
$108,500
Assessed 2024
Previous assessed
$108,500
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$108,500
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
5.43 ac (236,531 SF)
APN
LEOM M:0500 B:0002 L:0000
UPID
US38-2136256
Jurisdiction
LEOMINSTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
5.43 ac
Current owner
From public records · entity-resolved
R S Lucier Const Corp
Entity
Free & Clear · 1 yrs held
Mailing address
59 NANAQUAKET RD, TIVERTON, RI 02878-4717
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Canterbury RT
—
Deed
related
$275,000 · Rockland Trust Co
Oct 9, 2024
—
R S Lucier Const Corp
Deborah Murphy
Deed
—
May 17, 2024
—
86-88 Main Street LLC
—
Deed
related
$315,000 · Mutualone Bank
Sep 19, 2013
$800,000
Peak RT
Willard Partners LLC
Quit Claim Deed
—
Apr 5, 2010
$130,000
Willard Partners LLC
Marshall Realty LLC
Grant Deed
$3,032,750 · Commerce Bank & Trust
Dec 21, 1999
$132,592
Marshall Rlty LLC
Willard RT
Grant Deed
$230,000 · John F Mcgarry
Dec 21, 1999
—
Marshall Rlty LLC
—
Deed Of Trust
related
$92,592 · Zenon Grzybowski
Mar 16, 1988
$395,000
Marshall Rlty Tr
Fanci Trust
Grant Deed
$425,000 · Bank Of N E Worcester
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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