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Property profile & analytics
OFF-MARKET
Estimated value
$3,510,000
Manufacturing properties
31 Jytek Rd, Leominster, MA 01453-5934
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0517667
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,835 SF
Lot
1.82 ac (79,279 SF)
APN
LEOM M:0499 B:0031B L:0000
UPID
US38-0517667
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
-
Reggio Register Co Inc Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
$4.75M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$3.51M
Owner & transaction history
31 Jytek LLC · 3 yrs held
31 Jytek LLC
since 2022
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.3M
+115.4%
Auto repair, garage
$5.2M
+110.6%
Office building
$4.8M
+96.2%
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
$3,405,000
ML approach
$3,590,000
CAP Approach
CAP Return
Estimation
6%
$5,150,000
6.5%
$4,750,000
7%
$4,410,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,465,000
Current use
RETAIL STORES
$5,310,000
Change: +115% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,190,000
Change: +111% · Conversion: Easy
OFFICE BUILDING
$4,835,000
Change: +96% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,270,000
Change: +73% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,060,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,895,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±10% · vs last sale $3.53M (Sep 7 2022)
Last sale anchor
$3.53M
Sep 7 2022
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
$104 / 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
$20,307
Tax year 2024
Assessed value
$1,399,500
Assessed 2024
Previous assessed
$1,286,200
+8.8% YoY
Effective rate
1.45%
On assessed value
Assessed land
$136,500
Assessed improvement
$1,263,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
33,835 SF
Lot
1.82 ac (79,279 SF)
APN
LEOM M:0499 B:0031B L:0000
UPID
US38-0517667
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
1.82 ac
Current owner
From public records · entity-resolved
31 Jytek LLC
Entity
Mailing address
133 PEARL ST STE #400, BOSTON, MA 02110-2499
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
$3,525,000
31 Jytek LLC
Walker RT
Quit Claim Arm's Length For Ne States
$2,470,000 · Salem Five Cents Savings Bank
Jul 28, 2011
—
Walker RT
—
Deed Of Trust
related
$741,873 · Fitchburg Savings Bank
Oct 11, 2005
$1,510,000
Walker RT
Pv RT
Deed
$1,640,000 · N Middlesex Svgs Bk
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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