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Property profile

40 Summer St Fitchburg, MA 01420

OFF-MARKET
Office buildings
Property ID
US38-1448313
2,409 SF 0.18 ac lot Built 1950
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A two-unit office building located on a 0.18-acre parcel in Fitchburg. The building dates to 1950 and includes finished basement space suited for meeting rooms, break areas, or storage. Updates include a roof replacement (2010), new flooring (2019), and high-efficiency LED lighting (2024). The property is zoned NB and is situated within minutes of downtown and near MBTA commuter rail, with nearby restaurants and local amenities. There is an adjacent lot available separately to support additional parking needs.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$204k
Assessed land$108k
Assessed improvement$95k
Effective rate1.48%

Value estimate

· Nov 2026
$260k
$234k – $286k
AI approach$260k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$33 – $138
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NB
General categoryCOMMERCIAL
JurisdictionFITCHBURG

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.8
Skin Care Clinic12.8
Pawn Shop11.3

Location

40 Summer St Fitchburg, MA 01420-5757
County assessor Recorded deeds · not on file 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
61 Academy, Fitchburg, MA 01420-7517 $225,000 Dec 2025 2,821 SF
977 Ss, Fitchburg, MA 01420-7019 $650,000 Nov 2025 3,401 SF
394 Water, Fitchburg, MA 01420-5602 $499,000 Jul 2025 1,671 SF
285 Water, Fitchburg, MA 01420 $275,000 Jan 2024 1,593 SF
293 Bemis, Fitchburg, MA 01420-7330 $298,500 Feb 2023 1,844 SF
365 Main, Fitchburg, MA 01420-8006 $95,400 Jun 2022 2,060 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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