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    Property profile & analytics

    488 Main St Leominster, MA 01453-2939

    • Manufacturing properties
    • 22,440 SF
    • 2.66 lot acres
    OFF-MARKET
    Value Estimation
    $1,775,000
    Last Sale
    Aug 16, 2024
    $1,800,000
    Location Intelligence
    Property ID
    US38-1810385
    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

    • Black Bear Coatings & Concrete / Concrete Contractor / Floor Refinishing Service
    • Tapply & Sons / Flooring Contractor / Home Goods Store

    Property Details for 488 Main St

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    2.66 lot acres
    Property size
    22,440 SF
    Property type
    Manufacturing properties
    APN
    LEOM M:0241 B:0001 L:0000
    APU
    LEOMM0241B0001L0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,830,000
      6.5%
      $1,825,000
      7%
      $1,870,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,590,000
      Geo Method
      $1,750,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,615,000
      Retail
      $1,685,000
      Mixed-Use
      $2,060,000
      Hospitality
      $1,495,000
      Educational
      $1,590,000
      Residential Income
      $1,940,000
      Energy
      $1,885,000
      Income-Based Land
      $1,610,000
      Food Service
      $1,675,000

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7437
    Latitude
    42.5399
    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
    $15,563
    $424,100
    $648,500
    $1,072,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      60,880 SF

      243 Whitney St

      MANUFACTURING (LIGHT) • 60,880 SF
      243 Whitney St, Leominster, MA 01453-3222
      View Details
    • Value Estimation by Request
      75,909 SF

      40 Francis St

      MANUFACTURING (LIGHT) • 75,909 SF
      40 Francis St, Leominster, MA 01453-4911
      View Details
    • Value Estimation by Request
      132,534 SF

      150 Industrial Rd

      MANUFACTURING (LIGHT) • 132,534 SF
      150 Industrial Rd, Leominster, MA 01453-1640
      View Details
    • Value Estimation by Request
      250,000 SF

      529 Lancaster St

      Distribution properties • 250,000 SF
      529 Lancaster St, Leominster, MA 01453
      View Details
    • Value Estimation
      $850,000
      3,133 SF

      5 Chestnut St

      MANUFACTURING (LIGHT) • 3,133 SF
      5 Chestnut St, Leominster, MA 01453-3919
      View Details
    • Value Estimation
      $6,875,000
      44,350 SF

      24 Jytek Dr

      MANUFACTURING (LIGHT) • 44,350 SF
      24 Jytek Dr, Leominster, MA 01453-5932
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Leominster Warehouse: 67,500 SF

      Massive warehouse, ideal for build-to-suit.
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      Leominster Warehouse: 4,500 SF

      Spacious warehouse, ideal for your business.
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      15,353 SF

      Leominster Retail Development Opportunity

      1.79-acre parcel suitable for retail or mixed-use development.
      609 Main St, Leominster, MA 01453
      View Details
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    488 Main St
    Leominster, MA 01453-2939
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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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