New search
Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Manufacturing properties
218 Willard St, Leominster, MA 01453-5051
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0657140
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,126 SF
Lot
2.88 ac (125,453 SF)
APN
LEOM M:0308 B:0002 L:0000
UPID
US38-0657140
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
-
Counter Revolution Inc Kitchen & Bath Showroom Hardware & Home Improvement
-
JDP Global Logistics, Inc. Trucking Company
-
Mustard Seed Faith Fellowship Church
-
Pentecostal Movement Church Rosa De Saron Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$930k
Owner & transaction history
Delgado Corp · 2 yrs held
Delgado Corp
since 2023
Last sale
$900,000
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
Method
Estimation
Statistic approach
$790,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,540,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $900k (Dec 1 2023)
Last sale anchor
$900k
Dec 1 2023
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
$44 / 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
$8,288
Tax year 2024
Assessed value
$571,200
Assessed 2024
Previous assessed
$571,200
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$165,400
Assessed improvement
$405,800
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
21,126 SF
Lot
2.88 ac (125,453 SF)
APN
LEOM M:0308 B:0002 L:0000
UPID
US38-0657140
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
2.88 ac
Current owner
From public records · entity-resolved
Delgado Corp
Entity
Mailing address
218 WILLARD ST, LEOMINSTER, MA 01453-5051
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$900,000
Delgado Corp
Red Horse RT LLC
Quit Claim Arm's Length For Ne States
—
Dec 1, 2023
—
Red Horse RT LLC
Red Horse RT LLC
Quit Claim Deed
related
—
Sep 20, 2017
—
Red Horse RT LLC
—
Deed
related
$50,000 · John Lastella
Sep 23, 2016
—
Red Horse RT LLC
—
Deed
related
$250,000 · Rollstone Bk&tr
May 5, 2014
—
Red Horse RT LLC
Red Horse RT
Quit Claim Deed
related
—
Dec 13, 2000
$200,000
Red Horse RT
Bg RT
Grant Deed
$175,000 · Zenon Grzybowski
Dec 13, 2000
—
Red Horse RT
—
Deed Of Trust
related
$12,000 · Zenon Grzybowski
Sep 30, 1992
—
B G RT
—
Deed Of Trust
related
$675,039 · Baybank
Jun 10, 1988
—
B G Rlty Tr
—
Deed Of Trust
related
$700,000 · Baybank Middlesex
Feb 11, 1988
$475,000
Bg Realty Tr
Reno,richard
Grant Deed
—
—
—
Red Horse RT LLC
—
Deed Of Trust
related
$250,000 · Rollstone Bk&tr
—
—
Red Horse RT LLC
—
Deed Of Trust
related
$50,000 · John Lastella
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 218 Willard St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
