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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
449 Mechanic St, Fitchburg, MA 01420-2010
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1086372
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Construction
FRAME
Total area
2,976 SF
Lot
1.97 ac (85,608 SF)
Zoning code
RA
APN
FITC M:0168 B:0008 L:0
UPID
US38-1086372
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
-
ATM Atm
-
Exxon Gas Station
-
Mobil Gas Station
-
Expressway Market Inc Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$855k
Owner & transaction history
Pramukh Fitchburg Food Ma · 1 yrs held
Pramukh Fitchburg Food Ma
since 2024
Last sale
$854,175
7 recorded transactions
Zoning & alternative use
RA · 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
Method
Estimation
Statistic approach
$855,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$675,000
7%
$630,000
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $854k (Aug 22 2024)
Last sale anchor
$854k
Aug 22 2024
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
$287 / 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
$6,699
Tax year 2024
Assessed value
$452,300
Assessed 2024
Previous assessed
$452,300
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$150,900
Assessed improvement
$301,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,976 SF
Lot
1.97 ac (85,608 SF)
Zoning code
RA
APN
FITC M:0168 B:0008 L:0
UPID
US38-1086372
Jurisdiction
FITCHBURG
Zoning & alternative use
RA · Fitchburg, MA
Zoning RA · permitted uses
RA · 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
1967
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Pramukh Fitchburg Food Ma
Individual
Mailing address
449 MECHANIC ST, FITCHBURG, MA 01420-2010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 22, 2024
$854,175
Pramukh Fitchburg Food Ma
Alliance Energy LLC
Quit Claim Arm's Length For Ne States
$410,000 · Alliance Energy LLC
Oct 4, 2021
—
Expressway Market INC
—
Deed
related
$475,000 · Northborough Capital Partners LLC
Aug 12, 2019
—
Expressway Market INC
—
Deed
related
$420,000 · Crowd Lndg Fund
Jul 21, 2017
$440,000
Expressway Market INC
Alliance Energy LLC
Quit Claim Arm's Length For Ne States
$275,000 · Harvard Fndg LLC
Mar 5, 2012
—
Alliance Energy LLC
—
Deed Of Trust
related
$1 · Bank Of America
Jun 26, 2008
$2,100,000
Alliance Energy LLC
Peterborough Oil Co INC
Grant Deed
—
—
—
Expressway Market INC
—
Deed Of Trust
related
$420,000 · Crowd Lndg Fund
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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