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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Manufacturing properties
20 Authority Dr, Fitchburg, MA 01420-6017
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-1582193
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
STEEL FRAME
Total area
56,475 SF
Lot
4.26 ac (185,378 SF)
Zoning code
I
APN
FITC M:0274 B:0002 L:A
UPID
US38-1582193
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
-
Ethos Fitchburg Cannabis Dispensary Department Store
-
Hightech Disposal Inc Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.43M
Owner & transaction history
Iem LLC · 8 yrs held
Iem LLC
since 2018
7 recorded transactions
Zoning & alternative use
I · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.1M
+57.7%
Retail stores
$7.0M
+53.8%
Apartment house (5+ units)
$6.8M
+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)
$4,520,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,130,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$6,950,000
Change: +54% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,775,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,665,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$5,135,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±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
$78 / 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
$95,707
Tax year 2024
Assessed value
$6,462,300
Assessed 2024
Previous assessed
$6,112,700
+5.7% YoY
Effective rate
1.48%
On assessed value
Assessed land
$324,400
Assessed improvement
$6,137,900
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
8
Total area
56,475 SF
Lot
4.26 ac (185,378 SF)
Zoning code
I
APN
FITC M:0274 B:0002 L:A
UPID
US38-1582193
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
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
RETAIL STORES
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.1M
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
8
Lot
4.26 ac
Current owner
From public records · entity-resolved
Iem LLC
Entity
Free & Clear · 8 yrs held
Mailing address
120 TALAVERA PL, PALM BEACH GARDENS, FL 33418-6221
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2018
$3,200,000
Iem LLC
Authority Drive
Quit Claim Deed
—
Feb 14, 2006
—
Authority Drive RT
—
Deed Of Trust
related
$1,450,000 · Banknorth NA
May 7, 2004
$1,575,000
Authority Drive RT
20 Authority Drive RT
Grant Deed
related
$1,865,000 · Banknorth NA
Oct 14, 1999
—
Authority Dr RT 10
—
Deed Of Trust
related
$1,890,000 · Mass Dev Fin Agency
Apr 30, 1999
$2,275,000
20 Authority Drive RT
Shape INC
Grant Deed
—
Apr 29, 1997
—
Shape INC
—
Deed Of Trust
related
$17,000,000 · Lasalle Business Cred
Jul 15, 1996
—
Shape INC
—
Deed Of Trust
related
$35,360,202 · Bank Of New York
May 28, 1996
$3,267,780
Shape INC
Netstal Machinery INC
Grant Deed
—
Jul 8, 1987
$72,000
Netstal Machinery INC
Fitchburg Redev Aut
Grant Deed
—
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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