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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Manufacturing properties
44 Mead St, Leominster, MA 01453-2966
Entity Owned
~
Est. High Equity
Property ID
US38-0434584
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,259 SF
Lot
4.1 ac (178,596 SF)
APN
LEOM M:0266 B:0001 L:0000
UPID
US38-0434584
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
-
Dream Kitchens & Baths-Nelson Hardware & Home Improvement Kitchen & Bath Showroom
-
Stillwater Recycling (warehouse) Recycling Center Waste Management Facility
-
Hearthwise Big Box & Wholesale Store
-
Bay State Apparel (Bike/Boat/Book/etc) Store Printing Service
-
Sterling Change Parts Pkg Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$3.40M
Owner & transaction history
La 44 Mead LLC
La 44 Mead LLC
since 2026
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
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 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
INDUSTRIAL (GENERAL)
$4,535,000
Current use
Blend value · Realmo final
$3.40M
Range $3.06M – $3.73M · ±10% · vs last sale $4.00M (Feb 20 2026)
Last sale anchor
$4.00M
Feb 20 2026
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
$55 / 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
$39,087
Tax year 2024
Assessed value
$2,693,800
Assessed 2024
Previous assessed
$2,457,700
+9.6% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,137,400
Assessed improvement
$1,556,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
1
Units
4
Bathrooms
2
Total area
62,259 SF
Lot
4.1 ac (178,596 SF)
APN
LEOM M:0266 B:0001 L:0000
UPID
US38-0434584
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.5M
INDUSTRIAL (GENERAL) Current
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Buildings
1
Units
4
Bathrooms
2
Lot
4.1 ac
Current owner
From public records · entity-resolved
La 44 Mead LLC
Entity
Mailing address
30 PERRY RD, BOYLSTON, MA 01505-1456
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$4,000,000
La 44 Mead LLC
Mead 44 LLC
Deed
$3,250,000 · Webster Five Cents Savings Bank
Dec 27, 2021
—
Mead 44 LLC
E K&j H Baker Nt
Quit Claim Deed
related
—
Jul 18, 2014
—
Ek Nt
—
Deed Of Trust
related
$3,350,000 · Enterprise Bank & Trust
Jan 10, 2003
$1,350,000
Ek Nt
Pharma Group INC
Grant Deed
$1,230,000 · Enterprise Bank & Trust
Jul 25, 1996
—
Pharma Group INC
—
Deed Of Trust
related
$200,000,000 · Boatmans First National Bank
Sep 1, 1995
—
Pharma Group INC
—
Deed Of Trust
related
$82,100,000 · Boatmans First National Bank
Feb 15, 1995
$400,000
Stokes Merrill Corp
Package Machinery Co
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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