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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Industrial properties
287 Leominster Rd Sterling, MA 01564-2151
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1469165
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Construction
STEEL FRAME
Total area
7,250 SF
Lot
2.29 ac (99,752 SF)
APN
STER M:00024 L:00013
UPID
US38-1469165
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$630k
Owner & transaction history
Leominster Rd RT 287 · 12 yrs held
Leominster Rd RT 287
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$985,000
+69.9%
Neighborhood: shopping center
$915,000
+57.7%
Apartment house (5+ units)
$870,000
+49.9%
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 Sterling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$580,000
Current use
OFFICE BUILDING
$985,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
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
$87 / 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
$8,130
Tax year 2024
Assessed value
$610,800
Assessed 2024
Previous assessed
$562,000
+8.7% YoY
Effective rate
1.33%
On assessed value
Assessed land
$172,300
Assessed improvement
$438,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
7,250 SF
Lot
2.29 ac (99,752 SF)
APN
STER M:00024 L:00013
UPID
US38-1469165
Jurisdiction
STERLING
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
INDUSTRIAL (GENERAL) Current
Est. value
$580,000
OFFICE BUILDING
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$800,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Rooms
2
Bathrooms
2
Lot
2.29 ac
Current owner
From public records · entity-resolved
Leominster Rd RT 287
Individual
Mailing address
287 LEOMINSTER RD, STERLING, MA 01564-2151
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
—
287 Leominster Rd RT
—
Deed
related
$337,000 · Cornerstone Bank
Nov 30, 2017
—
287 Leominster Rd Realty Trust
—
Deed
related
$390,000 · Bank Of America
Nov 27, 2013
—
Leominster Rd RT 287
Leite,manoel L & Norma M
Quit Claim Deed
related
—
Jul 9, 2007
$475,000
Manoel L Leite
Piermarini,robert A
Grant Deed
$403,750 · Interbay Funding LLC
Jul 9, 2007
—
Manoel Loka Leite
—
Deed Of Trust
related
$25,000 · Robert A Piermarini
Dec 1, 2006
$1
Robert A Piermarini
Ap RT
Grant Deed
—
Jul 14, 2005
—
Ap RT
—
Deed Of Trust
related
$150,000 · Enterprise Bank & Trust
Jul 12, 2004
$140,000
Ap RT
Kyle,charles F
Grant Deed
—
—
—
287 Leominster Rd Realty Trust
—
Deed Of Trust
related
$390,000 · Bank Of America
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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