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    Property profile & analytics

    296 Summer St Fitchburg, MA 01420-4571

    • Auto shops
    • 18,081 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    $620,000
    Last Sale
    Sep 10, 2021
    $630,000
    Location Intelligence
    Property ID
    US38-0582988
    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

    • Montachusett School-Gymnastics / Children'S Camp
    • Supernatural All Star / Coaching Center
    • Demers Tires Inc / Auto Parts Store

    Property Details for 296 Summer St

    Year built
    1956
    Construction
    STEEL FRAME
    Lot size
    1.09 lot acres
    Property size
    18,081 SF
    Zone code
    C
    Property type
    Auto shops
    APN
    FITC M:0111 B:0007 L:0
    APU
    FITCM0111B0007L0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $625,000
      7%
      $585,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $625,000
      Geo Method
      $585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $660,000
      Mixed-Use
      $695,000
      Hospitality
      $700,000
      Educational
      $625,000
      Residential Income
      $660,000
      Energy
      $570,000
      Income-Based Land
      $655,000
      Food Service
      $560,000

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7785
    Latitude
    42.5728
    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
    $9,589
    $201,400
    $446,100
    $647,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $455,000
      4,034 SF

      356 Riv St

      AUTO REPAIR, GARAGE • 4,034 SF
      356 Riv St, Fitchburg, MA 01420-2960
      View Details
    • Value Estimation
      $415,000
      2,337 SF

      370 John Fitch Hwy

      AUTO REPAIR, GARAGE • 2,337 SF
      370 John Fitch Hwy, Fitchburg, MA 01420-4502
      View Details
    • Value Estimation
      $260,000
      3,528 SF

      118 John Fitch Hwy

      AUTO REPAIR, GARAGE • 3,528 SF
      118 John Fitch Hwy, Fitchburg, MA 01420-5906
      View Details
    • Value Estimation
      $260,000
      2,688 SF

      48 Summer St

      AUTO REPAIR, GARAGE • 2,688 SF
      48 Summer St, Fitchburg, MA 01420-5757
      View Details
    • Value Estimation
      $205,000
      3,920 SF

      179 Westminster St

      AUTO REPAIR, GARAGE • 3,920 SF
      179 Westminster St, Fitchburg, MA 01420-3730
      View Details
    • Value Estimation
      $310,000
      3,168 SF

      101 Airport Rd

      AUTO REPAIR, GARAGE • 3,168 SF
      101 Airport Rd, Fitchburg, MA 01420-8142
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2,500 /Mo

      Downtown Fitchburg Retail/Office Space

      1,875 sq ft space in downtown Fitchburg for lease.
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      View Details
    • Contact for pricing
      2,303 SF

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      Recently renovated retail spaces available in John Fitch Plaza.
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    • $14 SF/Yr

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      Former brewery/tap room available for lease in busy Fitchburg.
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    • $2,500 /Mo

      Prime Retail Space Available

      2,500 sq ft retail space in high-traffic location.
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      View Details
    • New
      $2,500 /Mo
      2,087 SF

      Fitchburg Retail/Restaurant Space Available

      Highly visible commercial space in downtown Fitchburg, build to suit.
      409 Main St, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      2,900 SF

      Retail Space on John Fitch Highway

      Retail suites available in high-traffic Fitchburg location near Route 2.
      353 John Fitch Hwy, Fitchburg, MA 01420
      View Details
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    Fitchburg, MA 01420-4571
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    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
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