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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Assisted living facilities
222 Ss St Fitchburg, MA 01420-7939
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1508448
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1920
Construction
FRAME
Total area
6,115 SF
Lot
0.42 ac (18,169 SF)
Zoning code
RB
APN
FITC M:0094 B:0021 L:0
UPID
US38-1508448
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
-
Penny Lane Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Penny Lane Realty LLC · 3 yrs held
Penny Lane Realty LLC
since 2023
Last sale
$877,500
7 recorded transactions
Zoning & alternative use
RB · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+520.0%
Medical building
$755,000
+357.8%
Commercial (general)
$730,000
+343.6%
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
$770,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,020,000
Change: +520% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +358% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +344% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +306% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +295% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +222% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $878k (Feb 7 2023)
Last sale anchor
$878k
Feb 7 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
$135 / 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
$6,231
Tax year 2024
Assessed value
$420,700
Assessed 2024
Previous assessed
$376,300
+11.8% YoY
Effective rate
1.48%
On assessed value
Assessed land
$100,600
Assessed improvement
$320,100
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
28
Rooms
28
Bathrooms
7
Total area
6,115 SF
Lot
0.42 ac (18,169 SF)
Zoning code
RB
APN
FITC M:0094 B:0021 L:0
UPID
US38-1508448
Jurisdiction
FITCHBURG
Zoning & alternative use
RB · Fitchburg, MA
Zoning RB · permitted uses
RB · 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
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$730,000
OFFICE BUILDING
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RETAIL STORES
Est. value
$530,000
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1920
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
28
Rooms
28
Bathrooms
7
Lot
0.42 ac
Current owner
From public records · entity-resolved
Penny Lane Realty LLC
Entity
Mailing address
222 SS ST, FITCHBURG, MA 01420-7939
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
$877,500
Penny Lane Realty LLC
Jenmar Corp
Quit Claim Arm's Length For Ne States
$741,000 · Webster Bank
Jun 13, 2014
—
Jenmar Corp
—
Deed Of Trust
related
$38,200 · Hometown Bank Coop
Aug 30, 2013
—
Jenmar Corp
—
Deed Of Trust
related
$320,000 · Hometown Bank Coop
Apr 30, 2008
—
Jenmar Corp
—
Deed Of Trust
related
$50,000 · Jeannette M Desmarais
Oct 27, 2003
$293,400
Jenmar Corp
Robichaud,kenneth J
Grant Deed
$290,000 · Banknorth NA
Oct 27, 2003
—
Jenmar Corp
—
Deed Of Trust
related
$84,800 · Robichaud
Dec 7, 1988
$214,200
Kenneth Robichaud
Piro,leo P
Grant Deed
$220,000 · Merchnts Natl Bk Leo
—
—
Jenmar Corp
—
Deed Of Trust
related
$215,000 · Granite St Economic Dev
—
—
Jenmar Corp
—
Deed Of Trust
related
$20,000 · North Central Ma Dev
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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