Property profile

227 Leominster Rd Sterling, MA 01564

OFF-MARKET
Retail properties & Spaces
Property ID
US38-1249753
4,080 SF 1.16 ac lot Built 1950
Trust Owned 29-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,080 SF
Lot 1.16 ac (50,530 SF)
APN STER M:00046 L:00044
UPID US38-1249753

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Florist
  • Law Firm

Location

227 Leominster Rd Sterling, MA 01564-2107
Sterling metro Census 719100 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 1997
3 recorded transactions
1997
$115,000
1996
$295,000
1996
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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