Realmo Analytics

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Financial
Distress signals
Property profile

264 Mechanic St Leominster, MA 01453

FOR SALE
Investment properties
Property ID
US38-1030228
3,480 SF 0.13 ac lot Built 1989
Last sale Jun 2019 · $369,900
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value$531k
Assessed land$107k
Assessed improvement$424k
Effective rate1.45%

Value estimate

· Oct 2026
$465k
$419k – $512k
NOI build-up
Gross scheduled income$75k
Vacancy & credit loss−$2k
Operating expenses−$22k
NOI · 6.44% cap applied$51k

Realmo valuation models over county records and 22 qualifying comparable sales.

Recently sold

What actually traded nearby?
$115/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$65 – $169
Qualifying comparables22

Cap rate analysis

How does the asset earn?
6.44%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLEOMINSTER

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.2
Smoke and Vape Shop9.4
Garden Center8.5

Location

264 Mechanic St Leominster, MA 01453
County assessor Recorded deeds · 4 transfers 22 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
94 Central, Leominster, MA 01453-6150 $570,000 Jan 2025 2,868 SF
1 Chestnut, Leominster, MA 01453-3919 $950,000 Oct 2023 3,184 SF
54-56 Mechanic, Leominster, MA 01453-5709 $500,000 Jun 2023 3,427 SF
14 Pond, Leominster, MA 01453-3531 $45,000 Apr 2023 2,880 SF
134 3rd, Leominster, MA 01453-6066 $415,000 Jan 2022 4,154 SF
187 Lancaster, Leominster, MA 01453-5076 $300,000 Jun 2021 4,302 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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