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    50 Arbor Way Fitchburg, MA 01420-4636
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    Property profile & analytics

    50 Arbor Way Fitchburg, MA 01420-4636

    View on Map
    • Warehouses
    • 37,500 SF
    • 14.98 lot acres
    Off-Market
    Property ID
    US38-1246088
    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.
    Value Estimations
    $3,370,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harvey Recycling of Fitchburg / Waste Management Facility / Hazardous Waste Disposal
    • Recycle America Enterprises / Recycling Center / Waste Management Facility
    • E.L. Harvey - Fitchburg / Waste Management Facility / Hazardous Waste Disposal

    Property Details for 50 Arbor Way

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    14.98 lot acres
    Property size
    37,500 SF
    Zone code
    I
    Property type
    Warehouses
    APN
    FITC M:110R B:0010 L:0
    APU
    FITCM110RB0010L0

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,264,000
      Market price range: $1.71M - $6.06M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,760,000
      Current use
      AUTO REPAIR, GARAGE
      $5,430,000
      Change: +44% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,735,000
      Change: +26% Conversion: Moderate
      RETAIL STORES
      $4,615,000
      Change: +23% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $4,500,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $3,410,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8559
    Latitude
    42.5658
    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
    $28,819
    $626,900
    $1,319,000
    $1,945,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      5,500 SF

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    • Value Estimation
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      31,459 SF

      232 Airport Rd

      WAREHOUSE, STORAGE • 31,459 SF
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    • Value Estimation
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      5,820 SF

      238 Bemis Rd

      WAREHOUSE, STORAGE • 5,820 SF
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    • Value Estimation
      $815,000
      24,089 SF

      56 Daniels St

      WAREHOUSE, STORAGE • 24,089 SF
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      View Details
    • Value Estimation
      $740,000
      24,282 SF

      85 Riv St

      WAREHOUSE, STORAGE • 24,282 SF
      85 Riv St, Fitchburg, MA 01420-3021
      View Details
    • Value Estimation
      $1,015,000
      12,945 SF

      150 Riv St

      WAREHOUSE, STORAGE • 12,945 SF
      150 Riv St, Fitchburg, MA 01420-3026
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      60,000 SF

      Multi-Tenant Office Investment Opportunity

      Value-add office building with income and appreciation potential.
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      Pending

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      Renovated two-family home with strong rental income potential.
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      8,487 SF

      Fitchburg Retail Shopping Strip

      Fully occupied retail strip with triple-net leases and attractive renewals.
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    • Contact for pricing
      2,808 SF

      Fitchburg Three-Family Residence

      Recently renovated three-family residence in a desirable Fitchburg neighborhood.
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    • $499,000
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    Similar Nearby for Lease

    • Contact for pricing
      98,000 SF

      Fitchburg Industrial Building Sublease

      98,000 SF industrial building available for sublease through 2027.
      135 Intervale Rd, Fitchburg, MA 01420
      View Details
    • $3,500 /Mo

      Fitchburg Industrial Space For Rent

      Versatile industrial space with loading dock, drive-in bay, and high ceilings.
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      View Details
    • $1,500 /Mo

      Fitchburg Manufacturing/Warehouse Space Available

      Versatile industrial/warehouse unit ideal for various business operations.
      75 Walnut St 1R, Fitchburg, MA 01420
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    • $1,500 /Mo

      Fitchburg Manufacturing/Warehouse Space Available

      Versatile industrial/warehouse unit suitable for various business operations.
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      View Details
    • $3,500 /Mo

      Fitchburg Industrial Space For Lease

      Versatile industrial space with drive-in bay and loading dock.
      75 Walnut St, Fitchburg, MA 01420
      View Details
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    Fitchburg, MA 01420-4636
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    50 Arbor Way, Fitchburg, MA, 01420
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