Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    228 Leominster Rd Sterling, MA 01564-2108

    • Turn key restaurants
    • 2,675 SF
    • 11.23 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-2320111
    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

    • Turn key restaurants

    Property Details for 228 Leominster Rd

    Year built
    2014
    Construction
    FRAME
    Lot size
    11.23 lot acres
    Property size
    2,675 SF
    Property type
    Turn key restaurants
    APN
    STER M:00029 L:00002
    APU
    STERM00029L00002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7492
    Latitude
    42.4698
    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
    $8,222
    $318,100
    $299,600
    $617,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      2,432 SF

      261 Leominster Rd

      RESTAURANT • 2,432 SF
      261 Leominster Rd, Sterling, MA 01564-2151
      View Details
    • Value Estimation by Request
      8,046 SF

      185 Leominster Rd

      RESTAURANT • 8,046 SF
      185 Leominster Rd, Sterling, MA 01564
      View Details
    • Value Estimation
      $300,000
      2,832 SF

      110 Leominster Rd

      RESTAURANT • 2,832 SF
      110 Leominster Rd, Sterling, MA 01564-2158
      View Details
    • Value Estimation
      $310,000
      2,544 SF

      220 Redemption Rock Trl

      RESTAURANT • 2,544 SF
      220 Redemption Rock Trl, Sterling, MA 01564-2520
      View Details
    • Value Estimation
      $345,000
      1,584 SF

      344 Redemption Rock Trl

      RESTAURANT • 1,584 SF
      344 Redemption Rock Trl, Sterling, MA 01564
      View Details
    • Value Estimation by Request
      6,560 SF

      2 Beverly Dr

      SHOW ROOM, WAREHOUSE • 6,560 SF
      2 Beverly Dr, Sterling, MA 01564-2150
      View Details

    Similar Nearby for Sale

    • $699,900

      20.9 Acres with Small House

      Land with house and barn, potential tear down.
      121 &125 Flanagan Hl, Sterling, MA 01564
      View Details
    • $844,900
      5.30 Acres

      Worcester Road Sterling Land Opportunity

      5.3 Acres, Mixed-Use Potential, Redevelopment Ready
      223 Worcester Rd, Sterling, MA 01564
      View Details
    • $1,200,000
      2,600 SF

      Sterling, MA Commercial Sale

      2,600 sqft property leased to a Day Care business.
      1 Beverly Dr, Sterling, MA 01564
      View Details
    • $4,500,000

      Sterling Land Near Airport

      Land available near Sterling Airport, suitable for light industrial use.
      104 Greenland Rd, Sterling, MA 01564
      View Details
    • $799,900
      5.30 Acres

      Development Opportunity Near Mt. Wachusett

      5.3 acres for redevelopment or restoration near Mt. Wachusett.
      240 Worcester Rd, Sterling, MA 01564
      View Details
    • $799,900

      Mixed-Use Development Opportunity in Sterling

      5.3-acre mixed-use land parcel near Mt. Wachusett.
      223 Worcester Rd, Sterling, MA 01564
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    228 Leominster Rd
    Sterling, MA 01564-2108
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.