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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
305 Whitney St, Leominster, MA 01453-3280
Individually Owned
39-yr Hold
~
Est. High Equity
Property ID
US38-1914375
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
FRAME
Total area
13,288 SF
Lot
0.58 ac (25,453 SF)
APN
LEOM M:0569 B:0024 L:0000
UPID
US38-1914375
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
-
Central Mass Bodywork Alternative Medicine Practice Spa & Massage Center
-
24-SEVEN RIDE, LLC Freight Service Logistics Company
-
Randi Dorn Physician Medical Clinic
-
Citrine Holistic Hair Lounge Hair Salon
-
Appleseed Personnel Services Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$695k
Owner & transaction history
M R R RT · 39 yrs held
M R R RT
since 1987
7 recorded transactions
Zoning & alternative use
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$52 / 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
$9,111
Tax year 2024
Assessed value
$627,900
Assessed 2024
Previous assessed
$625,600
+0.4% YoY
Effective rate
1.45%
On assessed value
Assessed land
$99,300
Assessed improvement
$528,600
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
12
Bathrooms
2
Total area
13,288 SF
Lot
0.58 ac (25,453 SF)
APN
LEOM M:0569 B:0024 L:0000
UPID
US38-1914375
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
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
12
Bathrooms
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
M R R RT
Individual
Mailing address
305 WHITNEY ST, LEOMINSTER, MA 01453-3280
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1987
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
—
Mrr RT
—
Deed
related
$300,000 · Fidelity Cooperative Bank
Jan 9, 2012
—
Mrr RT
—
Deed Of Trust
related
$5,000 · Fidelity Cp Bank
Aug 30, 2007
—
Mrr RT
—
Deed Of Trust
related
$650,000 · Fidelity Cp Bank
Jul 3, 2007
—
Mrr RT
—
Deed Of Trust
related
$225,000 · 3333 INC
Dec 12, 2006
—
Mrr RT
—
Deed Of Trust
related
$200,000 · John Lastella
Nov 4, 2004
—
Mrr RT
—
Deed Of Trust
related
$200,000 · Banknorth NA
Dec 14, 2001
—
Mrr RT
—
Deed Of Trust
related
$250,000 · Sovereign Bank
May 19, 1994
—
305 Whitney St Tr
—
Deed Of Trust
related
$177,260 · Fleet National Bank
Jul 25, 1988
—
Saxton Trade RT
—
Deed Of Trust
related
$200,000 · Bank Of N E Worcester
Jul 20, 1987
—
Mrr RT
—
Deed Of Trust
related
$50,000 · Zwi Kohorn
Jun 22, 1987
$250,000
M R R RT
305 Whitney RT
Grant Deed
$270,000 · First Service Bank Savings
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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