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Property profile & analytics
OFF-MARKET
Automotive properties
369 Riv St, Fitchburg, MA 01420
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2073640
Property summary
AI-generated overview
This exceptional investment opportunity presents a thriving used car sales business located at 369 River St, Fitchburg, MA 01420. The property encompasses a 25,601 square foot lot on a 0.587-acre parcel, currently licensed to hold 50 vehicles, with potential to expand to 130. The business is a year-round operation, offering significant income potential. The asking price of $50,000 includes the business, goodwill, and client list. The land is available via a ground lease commencing June 1st, 2024, under a net lease agreement. The property is zoned C and features a single-story building. This is a single-tenancy property with an occupancy date of June 1st, 2024. The vehicles currently on the lot are negotiable separately. A confidentiality agreement is required to access detailed financial information. This is a net lease investment opportunity with significant upside potential for the right buyer. Serious inquiries only.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1980
Construction
FRAME
Total area
130 SF
Lot
0.59 ac (25,600 SF)
Zoning code
C
APN
FITC M:0038 B:0027 L:C
UPID
US38-2073640
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
-
River Street Auto Sales Car Dealership
-
J AND G AUTO SALES Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
G&l Jreige Realty LLC · 4 yrs held
G&l Jreige Realty LLC
since 2021
Last sale
$450,000
1 recorded transaction
Zoning & alternative use
C · Fitchburg, MA
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 Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,152
Tax year 2024
Assessed value
$145,300
Assessed 2024
Previous assessed
$128,700
+12.9% YoY
Effective rate
1.48%
On assessed value
Assessed land
$126,000
Assessed improvement
$19,300
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Total area
130 SF
Lot
0.59 ac (25,600 SF)
Zoning code
C
APN
FITC M:0038 B:0027 L:C
UPID
US38-2073640
Jurisdiction
FITCHBURG
Zoning & alternative use
C · Fitchburg, MA
Zoning C · permitted uses
C · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
G&l Jreige Realty LLC
Entity
Mailing address
356 RIV ST, FITCHBURG, MA 01420-2960
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$450,000
G&l Jreige Realty LLC
B&k Dufour RT
Quit Claim Arm's Length For Ne States
$337,500 · B&k Dufour RT
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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