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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
272 Central St, Leominster, MA 01453-4181
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-0523357
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,285 SF
Lot
0.72 ac (31,190 SF)
APN
LEOM M:0105 B:0024 L:0000
UPID
US38-0523357
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
-
Espresso Pizza & Eatery II Restaurant
-
MR Barbershop LLC Barber Shop
-
D’ Anyela Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$990k
Blend (final)
Blend
$800k
Owner & transaction history
Glk Investments LLC · 2 yrs held
Glk Investments LLC
since 2024
Last sale
$799,999
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+20.2%
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 Leominster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leominster 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$985,000
Current use
RESTAURANT
$1,185,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$965,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$900,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jun 11 2024)
Last sale anchor
$800k
Jun 11 2024
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
$127 / 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
$10,203
Tax year 2024
Assessed value
$703,200
Assessed 2024
Previous assessed
$703,200
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$291,100
Assessed improvement
$412,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
3
Bathrooms
3
Total area
6,285 SF
Lot
0.72 ac (31,190 SF)
APN
LEOM M:0105 B:0024 L:0000
UPID
US38-0523357
Jurisdiction
LEOMINSTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$985,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$965,000
OFFICE BUILDING
Est. value
$900,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
3
Bathrooms
3
Lot
0.72 ac
Current owner
From public records · entity-resolved
Glk Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
272 CENTRAL ST, LEOMINSTER, MA 01453-4181
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
$799,999
Glk Investments LLC
Labella Realty LLC
Quit Claim Arm's Length For Ne States
—
Feb 12, 2014
—
La Bella Realty LLC
—
Deed Of Trust
related
$735,000 · Hometown Bank Coop
Jun 19, 2013
—
La Bella Realty LLC
Ferrara,lynda M
Quit Claim Deed
related
—
Oct 31, 2012
$300,000
Lynda M Ferrara
Central Street T
Grant Deed
$240,000 · Patricia R Tocci
Nov 13, 2009
$1
Street T Central
Tocci,patricia R
Grant Deed
—
Mar 14, 2005
$1
Patricia R Tocci
Tocci,amideo JR
Grant Deed
related
—
Jan 17, 2003
—
Amideo Tocci JR.
—
Deed Of Trust
related
$57,000 · Flagship Bank & Trust
Sep 21, 1987
$125,000
20 Antonio Ct Rlty Tr
Tocci,amideo
Grant Deed
related
—
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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