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    Property profile & analytics

    511 Electric Ave Fitchburg, MA 01420-5371

    • Turn key restaurants
    • 3,912 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0514208
    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

    • Dunkin' / Bakery / Breakfast Restaurant

    Property Details for 511 Electric Ave

    Year built
    2002
    Construction
    FRAME
    Lot size
    0.43 lot acres
    Property size
    3,912 SF
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    FITC M:0116 B:0059 L:0
    APU
    FITCM0116B0059L0

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8147
    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
    $8,776
    $119,300
    $473,300
    $592,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,715,000
      4,620 SF

      26 Ashby State Rd

      RESTAURANT • 4,620 SF
      26 Ashby State Rd, Fitchburg, MA 01420-2002
      View Details
    • Value Estimation
      $265,000
      2,197 SF

      970 Ss St

      RESTAURANT • 2,197 SF
      970 Ss St, Fitchburg, MA 01420-7037
      View Details
    • Value Estimation
      $235,000
      1,902 SF

      580 John Fitch Hwy

      RESTAURANT • 1,902 SF
      580 John Fitch Hwy, Fitchburg, MA 01420-8401
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    • Value Estimation by Request
      3,915 SF

      114 Whalon St

      RESTAURANT • 3,915 SF
      114 Whalon St, Fitchburg, MA 01420-7140
      View Details
    • Value Estimation
      $185,000
      5,968 SF

      310 Main St

      RESTAURANT • 5,968 SF
      310 Main St, Fitchburg, MA 01420-4304
      View Details
    • Value Estimation
      $235,000
      352 SF

      202 Summer St

      RESTAURANT • 352 SF
      202 Summer St, Fitchburg, MA 01420
      View Details

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      Versatile Commercial Building with Income Potential

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    Similar Nearby for Lease

    • $2,500 /Mo

      Downtown Fitchburg Retail/Office Space

      1,875 sq ft space in downtown Fitchburg for lease.
      350 Main St, Fitchburg, MA 01420
      View Details
    • $14 SF/Yr

      Former Brewery/Tap Room Opportunity

      Former brewery/tap room available for lease in busy Fitchburg.
      166 Boulder Dr, Fitchburg, MA 01420
      View Details
    • New
      $2,500 /Mo
      2,087 SF

      Fitchburg Retail/Restaurant Space Available

      Highly visible commercial space in downtown Fitchburg, build to suit.
      409 Main St, Fitchburg, MA 01420
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    • Contact for pricing

      Retail Space with Drive-Thru Potential

      Anchor space and proposed drive-thru pad site available for lease.
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      2,303 SF

      Renovated Retail Space in Fitchburg

      Recently renovated retail spaces available in John Fitch Plaza.
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    • Contact for pricing
      2,900 SF

      Retail Space on John Fitch Highway

      Retail suites available in high-traffic Fitchburg location near Route 2.
      353 John Fitch Hwy, Fitchburg, MA 01420
      View Details

    Property Visit Statistics

    • Visits by month
      19.6k
    • Visitors by month
      10.6k
    • Avg Time on site
      9 min
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    511 Electric Ave
    Fitchburg, MA 01420-5371
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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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