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Property profile & analytics
OFF-MARKET
Office Spaces
285 Main St Fitchburg, MA 01420-4303
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-0499493
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1960
Construction
FRAME
Total area
2,611 SF
Zoning code
CBD
APN
FITC M:0055 B:0065 L:101
UPID
US38-0499493
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
-
Nell Naideth Physician
-
New Horizons Medical Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
New Realty Group LLC · 5 yrs held
New Realty Group LLC
since 2021
Last sale
$90,000
6 recorded transactions
Zoning & alternative use
CBD · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,277
Tax year 2024
Assessed value
$86,200
Assessed 2024
Previous assessed
$86,200
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed improvement
$86,200
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,611 SF
Zoning code
CBD
APN
FITC M:0055 B:0065 L:101
UPID
US38-0499493
Jurisdiction
FITCHBURG
Zoning & alternative use
CBD · Fitchburg, MA
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Current owner
From public records · entity-resolved
New Realty Group LLC
Entity
Free & Clear · 5 yrs held
Mailing address
110 LONG POND RD #4, PLYMOUTH, MA 02360-2642
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
—
New Realty Group LLC
—
Deed
related
$196,000 · Webster Bank
May 7, 2021
$90,000
New Realty Group LLC
Riddell LLC
Quit Claim Arm's Length For Ne States
—
Apr 12, 2019
—
Riddell LLC
—
Deed
related
$887,650 · Peoplesbank (holyoke Ma)
Jan 10, 2018
$50,000
Riddell LLC
Dubour RT
Quit Claim Arm's Length For Ne States
$110,000 · Peoplesbank (holyoke)
Sep 24, 2010
$1
Zane F Dubour
Dubour,zane
Grant Deed
related
—
—
—
Riddell LLC
—
Deed Of Trust
related
$887,650 · Peoplesbank (holyoke Ma)
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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