Property profile & analytics
20 Commercial Rd Leominster, MA 01453-3339
- Retail properties & Spaces
- 20,262 SF
- 2.02 lot acres
OFF-MARKET
Value Estimations
$3,615,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US38-0357501
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
- Fallon Medical Management Co / Medical Clinic
- Dr. Chandrasekharan Krishnan, MD / Physician
- Nosike Sam OD / Physician
- Caroline R. Baumal, MD / Ophthalmologist
- Dr. Isaac J. Rudloe, MD / Ophthalmologist
Property Details for 20 Commercial Rd
- Year built
- 1993
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.02 lot acres
- Property size
- 20,262 SF
- Property type
- Retail properties & Spaces
- APN
- LEOM M:0391 B:0008 L:0000
- APU
- LEOMM0391B0008L0000
Description
This exceptional 1,760 square foot medical office space is located at 20 Commercial Road in Leominster, Massachusetts, within Worcester County. The property is part of a larger 16,000 square foot building classified as Class B, offering a single, multi-tenant suite currently available for lease. The building's property type is designated as both retail and office, making it suitable for a variety of medical practices or related businesses. The address is conveniently located at 20 Commercial Road, Leominster, MA 01453. This presents a unique opportunity for a medical professional or group seeking a well-situated space in a thriving community. The suite's size is ideal for a variety of medical practices, offering ample room for patient care, administrative functions, and support staff. The building's overall size and single-suite configuration provide a sense of privacy and control. The location in Leominster, MA offers easy access to major transportation routes and a strong local patient base. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a well-positioned medical office space in a desirable location. The property is ready for immediate occupancy. The zip code is 01453.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,995,000
- 6.5%
- $4,610,000
- 7%
- $4,280,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,905,000
- AI Estimate
- $2,324,000
Market price range: $1.43M - $5.15MMarket price range: $802k - $2.89M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,180,000 Current use
- RESTAURANT
- $3,820,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,110,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $2,895,000 Change: -9% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,555,000 Change: -20% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Leominster
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7411
- Latitude
- 42.5345
- 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
$40,265
$1,060,900
$1,714,100
$2,775,000
-
$0.00
$0.00
$0.00
