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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Grocery and convenience stores
22 Fitchburg Rd Ayer, MA 01432-1077
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US38-1590189
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1958
Total area
19,120 SF
Lot
3 ac (130,680 SF)
Zoning code
GB
APN
AYER M:018 B:0000 L:0002
UPID
US38-1590189
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
-
Ayer Shop'n Save Grocery & Convenience Store Food Market
-
Coinstar Bank Credit Union
-
UPS Access Point location Courier Service Postal Service
-
Advance Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.88M
Owner & transaction history
Air 22 LLC · 23 yrs held
Air 22 LLC
since 2003
7 recorded transactions
Zoning & alternative use
GB · Ayer, MA
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 Ayer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ayer 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
APARTMENT HOUSE (5+ UNITS)
$4,405,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$4,185,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±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
$150 / 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
$53,930
Tax year 2024
Assessed value
$1,969,700
Assessed 2024
Previous assessed
$1,950,200
+1.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$309,100
Assessed improvement
$1,660,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1958
Heating
NONE
Total area
19,120 SF
Lot
3 ac (130,680 SF)
Zoning code
GB
APN
AYER M:018 B:0000 L:0002
UPID
US38-1590189
Jurisdiction
AYER
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · Ayer, MA
Zoning GB · permitted uses
GB · Ayer, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ayer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
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
1958
Heating
NONE
Lot
3 ac
Current owner
From public records · entity-resolved
Air 22 LLC
Entity
Mailing address
975 MERRIAM AVE STE #213, LEOMINSTER, MA 01453-1220
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
—
Air 22 LLC
—
Deed
related
$600,000 · Rollstone Bank & Trust
Jul 28, 2022
—
Air 22 LLC
—
Deed
related
$2,000,000 · Rollstone Bank & Trust
Dec 9, 2020
—
Air 22 LLC
—
Deed
related
$2,200,000 · Rollstone Bank & Trust
Jan 25, 2012
—
Air 22 LLC
—
Deed Of Trust
related
$500,000 · Fitchburg Savings Bank
Mar 21, 2003
$735,000
Air 22 LLC
Air T
Grant Deed
related
$735,000 · Banknorth NA
Jul 1, 1996
—
T Air
—
Deed Of Trust
related
$425,000 · First Massachusetts Bank
Nov 21, 1991
—
T Air
—
Deed Of Trust
related
$596,692 · Zuckerman Family Nomi
—
—
Air 22 LLC
—
Deed Of Trust
related
$757,720 · Rollstone Bk&tr
—
—
Air 22 LLC
—
Deed Of Trust
related
$958,000 · Rollstone Bk&tr
—
—
Air 22 LLC
—
Deed Of Trust
related
$200,000 · Rollstone Bk&tr
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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