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    358 Summer St, Unit 364 Fitchburg, MA 01420-5957

    • Retail space
    • 7,900 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $500,000
    Last Sale
    May 31, 2024
    $495,000
    Location Intelligence
    Property ID
    US38-1779612
    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

    • Paramount Pawn Inc. / Pawn Shop

    Property Details for 358 Summer St

    Year built
    1969
    Lot size
    0.46 lot acres
    Property size
    7,900 SF
    Zone code
    C
    Property type
    Retail space
    APN
    FITC M:0111 B:0026 L:0
    APU
    FITCM0111B0026L0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $510,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $575,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $555,000
      Mixed-Use
      $510,000
      Hospitality
      $450,000
      Educational
      $515,000
      Residential Income
      $430,000
      Energy
      $455,000
      Income-Based Land
      $510,000
      Food Service
      $540,000

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7753
    Latitude
    42.5718
    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
    $6,750
    $120,400
    $335,400
    $455,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $825,000
      2,976 SF

      449 Mechanic St

      RETAIL STORES (PERSONAL SERVICES) • 2,976 SF
      449 Mechanic St, Fitchburg, MA 01420-2010
      View Details
    • Value Estimation
      $175,000
      1,881 SF

      938 Water St

      RETAIL STORES (PERSONAL SERVICES) • 1,881 SF
      938 Water St, Fitchburg, MA 01420-6363
      View Details
    • Value Estimation
      $420,000
      2,788 SF

      784 Water St

      RETAIL STORES (PERSONAL SERVICES) • 2,788 SF
      784 Water St, Fitchburg, MA 01420-6481
      View Details
    • Value Estimation
      $745,000
      3,100 SF

      31 Ashby State Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,100 SF
      31 Ashby State Rd, Fitchburg, MA 01420-2001
      View Details
    • Value Estimation
      $215,000
      1,476 SF

      145 Mechanic St

      RETAIL STORES (PERSONAL SERVICES) • 1,476 SF
      145 Mechanic St, Fitchburg, MA 01420-2326
      View Details
    • Value Estimation
      $235,000
      1,458 SF

      79 Westminster St

      RETAIL STORES (PERSONAL SERVICES) • 1,458 SF
      79 Westminster St, Fitchburg, MA 01420
      View Details

    Similar Nearby for Sale

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      Six-Unit Investment Property For Sale

      Six-unit property with five residential units and one commercial unit.
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      Fitchburg Retail/Office Redevelopment Opportunity

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      Fitchburg Office/Retail Building For Sale

      3401 sqft office/retail building with high traffic volume.
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    • $90,000

      Downtown Fitchburg Commercial Property

      Commercial property in revitalizing downtown Fitchburg, near commuter rail.
      17 Summer St, Fitchburg, MA 01420
      View Details
    • $219,900

      Commercial Building with Retail Potential

      Commercial building suitable for retail, contracting, sales, or distribution.
      3 Pershing St, Fitchburg, MA 01420
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    • Contact for pricing
      1,400 SF

      Retail Building on Summer Street

      Freestanding retail building with parking on heavily trafficked street.
      401 Summer St, Fitchburg, MA 01420
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Downtown Fitchburg Retail/Office Space

      1,875 sq ft space in downtown Fitchburg for lease.
      350 Main St, Fitchburg, MA 01420
      View Details
    • Contact for pricing
      2,303 SF

      Renovated Retail Space in Fitchburg

      Recently renovated retail spaces available in John Fitch Plaza.
      380-510 John Fitch Hwy, Fitchburg, MA 01420
      View Details
    • $2,500 /Mo

      Prime Retail Space Available

      2,500 sq ft retail space in high-traffic location.
      127 John Fitch Hwy, Fitchburg, MA 01420
      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
    • $16 SF/Yr
      5,500 SF

      Fitchburg Retail/Office Space Available

      Retail/office space with prominent frontage and ample parking.
      265 Summer St, Fitchburg, MA 01420
      View Details
    • $14 SF/Yr

      Parkhill Plaza Office/Retail Space

      Office/Retail space for lease in a busy plaza.
      491 Electric Ave, Fitchburg, MA 01420
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      3.2k
    • Avg Time on site
      20 min
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    Fitchburg, MA 01420-5957
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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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