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Property profile & analytics
OFF-MARKET
Estimated value
$3,590,000
Warehouses
409 Princeton Rd, Fitchburg, MA 01420-4876
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-0596417
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
46,800 SF
Lot
7.72 ac (336,453 SF)
Zoning code
AI
APN
FITC M:0269 B:0015 L:0
UPID
US38-0596417
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
-
Cleghorn Oil Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$3.59M
Owner & transaction history
Petersons Oil Service INC · 12 yrs held
Petersons Oil Service INC
since 2013
4 recorded transactions
Zoning & alternative use
AI · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.9M
+25.8%
Retail stores
$5.8M
+22.7%
Apartment house (5+ units)
$5.6M
+19.6%
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
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
WAREHOUSE, STORAGE
$4,695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,905,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$5,760,000
Change: +23% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,615,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$4,255,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.59M
Range $3.23M – $3.95M · ±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
$77 / 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
$25,318
Tax year 2024
Assessed value
$1,709,500
Assessed 2024
Previous assessed
$1,643,600
+4.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$432,700
Assessed improvement
$1,276,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
2
Bathrooms
10
Total area
46,800 SF
Lot
7.72 ac (336,453 SF)
Zoning code
AI
APN
FITC M:0269 B:0015 L:0
UPID
US38-0596417
Jurisdiction
FITCHBURG
Zoning & alternative use
AI · Fitchburg, MA
Zoning AI · permitted uses
AI · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
RETAIL STORES
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1973
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
2
Bathrooms
10
Lot
7.72 ac
Current owner
From public records · entity-resolved
Petersons Oil Service INC
Entity
Mailing address
75 CRES ST, WORCESTER, MA 01605-2406
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2014
—
Petersons Oil Service INC
—
Deed Of Trust
related
$2,550,000 · Commerce Bank & Trust
Dec 31, 2013
$875,000
Petersons Oil Service INC
Oscar T Charron JR RT
Quit Claim Deed
$1,450,000 · Charron JR RT
May 16, 1989
—
Oscar Charron RT JR.
—
Deed Of Trust
related
$353,000 · Bay Colony Dev Corp
Feb 10, 1989
$850,000
Charron O T JR.
Westminster Assoc
Grant Deed
$425,000 · Shawmut Worc Cnty 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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