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    Property profile & analytics

    487 Chestnut St Gardner, MA 01440-3010

    • Turn key restaurants
    • 1,340 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $215,000
    Location Intelligence
    Property ID
    US38-0629257
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sorrento’s Brick Oven Pizzeria / Pizza Restaurant / Restaurant

    Property Details for 487 Chestnut St

    Year built
    2010
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property size
    1,340 SF
    Property type
    Turn key restaurants
    APN
    GARD M:R22 B:23 L:5
    APU
    GARDMR22B23L5

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.984
    Latitude
    42.568
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,830
    $47,600
    $207,900
    $255,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $375,000
      1,840 SF

      19 Un Sq

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      19 Un Sq, Gardner, MA 01440-3028
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    • Value Estimation by Request
      3,824 SF

      9 Crawford St

      RESTAURANT • 3,824 SF
      9 Crawford St, Gardner, MA 01440-3111
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      $365,000
      5,527 SF

      74-78 Parker St

      RESTAURANT • 5,527 SF
      74-78 Parker St, Gardner, MA 01440
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      $1,735,000
      4,186 SF

      18 Pearson Blvd

      RESTAURANT • 4,186 SF
      18 Pearson Blvd, Gardner, MA 01440-3910
      View Details
    • Value Estimation
      $285,000
      1,126 SF

      102 Main St

      RESTAURANT • 1,126 SF
      102 Main St, Gardner, MA 01440-2607
      View Details
    • Value Estimation
      $270,000
      2,813 SF

      17 Pleasant St

      RESTAURANT • 2,813 SF
      17 Pleasant St, Gardner, MA 01440-2608
      View Details

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      Turnkey Gardner Triplex For Sale

      Professionally managed triplex near amenities, ideal for commuters.
      337-343 Parker St, Gardner, MA 01440
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    • $545,000
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      Gardner Multifamily Investment Opportunity

      Four-unit building with recent renovations and separate utilities.
      94-98 Maple St, Gardner, MA 01440
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    Similar Nearby for Lease

    • $500 /Mo

      Premium Office Space in Gardner

      High-traffic office space near Route 2 with included utilities.
      486 Chestnut St, Gardner, MA 01440
      View Details
    • $10 SF/Yr

      Retail Space in Busy Area

      2,300 sqft commercial space in a desirable, busy location.
      403-405 Parker St, Gardner, MA 01440
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    • Contact for pricing
      183,775 SF

      Timpany Plaza Retail Center

      Gardner, MA: High-traffic retail spaces available.
      360 Timpany Blvd, Gardner, MA 01440
      View Details
    • Contact for pricing
      18,371 SF

      Retail Space in Timpany Plaza

      Retail space for lease in vibrant shopping center.
      336-384 Timpany Blvd, Gardner, MA 01440
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    • $22 SF/Yr
      12,511 SF

      Prime Gardner Medical Office Space

      1,654 SF Executive Suite Available
      354 Main St, Gardner, MA 01440
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      596
    • Avg Time on site
      23 min
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    487 Chestnut St
    Gardner, MA 01440-3010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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