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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Specialty properties
601 Riv St, Fitchburg, MA 01420-2975
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1286759
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1962
Construction
CONCRETE
Total area
21,248 SF
Lot
11.44 ac (498,501 SF)
Zoning code
NB
APN
FITC M:0049 B:0001 L:0
UPID
US38-1286759
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
MOC’s Child Care & Head Start High School Daycare Center
-
Headwall Photonics - Fitchburg Production Facility
-
Making Opportunity Count, Inc. Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.18M
Owner & transaction history
Montachusett Opportuni · 7 yrs held
Montachusett Opportuni
since 2018
7 recorded transactions
Zoning & alternative use
NB · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,935,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$55 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$23,689
Tax year 2019
Assessed value
$1,412,400
Assessed 2024
Previous assessed
$1,356,400
+4.1% YoY
Effective rate
1.68%
On assessed value
Assessed land
$454,700
Assessed improvement
$957,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
8
Total area
21,248 SF
Lot
11.44 ac (498,501 SF)
Zoning code
NB
APN
FITC M:0049 B:0001 L:0
UPID
US38-1286759
Jurisdiction
FITCHBURG
Zoning & alternative use
NB · Fitchburg, MA
Zoning NB · permitted uses
NB · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.9M
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
8
Lot
11.44 ac
Current owner
From public records · entity-resolved
Montachusett Opportuni
Individual
Mailing address
601 RIV ST, FITCHBURG, MA 01420-2975
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2018
$1,200,000
Montachusett Opportuni
601 River Street RT
Quit Claim Arm's Length For Ne States
$1,200,000 · Enterprise Bank & Trust Co
Mar 2, 2018
—
Maldari Real Estate LLC
Melvin,andrea M
Quit Claim Deed
related
—
Jan 9, 2017
—
Andrea M Melvin
Maldari Family Trust
Personal Representative Deed
—
Apr 24, 1995
$600,000
601 River Street RT
Technographics INC
Grant Deed
$525,000 · Safety Fund National Bank
Apr 24, 1995
—
601 River Street RT
—
Deed Of Trust
related
$100,000 · Safety Fund National Bank
Aug 25, 1989
$200,000
No 1 RT
Technographics INC
Grant Deed
—
May 13, 1988
$360,000
Saverio N Maldari
Technographics
Grant Deed
$200,000 · Bankboston Development Co LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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