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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
36 School St, Leominster, MA 01453-3324
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-0408372
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
FRAME
Total area
3,231 SF
Lot
0.2 ac (8,582 SF)
APN
LEOM M:0033 B:0008 L:0000
UPID
US38-0408372
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
-
Swiss Ace Manufacturing Industrial Manufacturer Production Facility
-
Bodanza & Bodanza Law Offices Law Firm
-
CUTTING EDGE CARBIDE Production Facility Factory
-
Bodanza Realty Real Estate Agency
-
Graceway Counseling LLC Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$614k
Blend (final)
Blend
$600k
Owner & transaction history
Rkjs Realty LLC · 19 yrs held
Rkjs Realty LLC
since 2006
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$505,000
+9.8%
Auto repair, garage
$495,000
+7.4%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$460,000
Current use
RETAIL STORES
$505,000
Change: +10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$495,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$370,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$186 / 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
$6,937
Tax year 2024
Assessed value
$478,100
Assessed 2024
Previous assessed
$478,100
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$239,500
Assessed improvement
$238,600
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
1900
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
3,231 SF
Lot
0.2 ac (8,582 SF)
APN
LEOM M:0033 B:0008 L:0000
UPID
US38-0408372
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
OFFICE BUILDING Current
Est. value
$460,000
RETAIL STORES
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$370,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Rkjs Realty LLC
Entity
Mailing address
36 SCHOOL ST, LEOMINSTER, MA 01453-3324
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2016
—
36 School Street LLC
—
Deed
related
$210,000 · Hometown Bank NA
Dec 8, 2006
$1
Rkjs Realty LLC
Rkm T
Grant Deed
—
Dec 8, 2006
$475,000
36 School Street LLC
Rkjs Realty LLC
Deed
$300,000 · Td Banknorth Mtg Grp
Jan 26, 1994
$160,000
Rkm RT
Mullaney,david R
Grant Deed
—
Apr 23, 1993
$60,000
David R Mullaney
Orazio,peter M
Grant Deed
—
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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