Property profile

497 Chestnut St 505 Gardner, MA 01440

OFF-MARKET
Retail properties & Spaces
Property ID
US38-1181018
6,590 SF 0.26 ac lot Built 1900
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,590 SF
Lot 0.26 ac (11,153 SF)
APN GARD M:R22 B:23 L:13
UPID US38-1181018

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

497 Chestnut St, Unit 505 Gardner, MA 01440-3010
Gardner metro Census 707200 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2020
Last sale
$225,000
2 recorded transactions
2020
$160,000
2003
$225,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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