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    Property profile & analytics

    61 Academy St Fitchburg, MA 01420-7517

    • Office buildings
    • 2,821 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US38-1340763
    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

    • Pawlak & Higgins Law / Estate Planning Attorney / Family Law Attorney
    • Levy Andrea R / Attorney

    Property Details for 61 Academy St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.21 lot acres
    Property size
    2,821 SF
    Zone code
    DB
    Property type
    Office buildings
    APN
    FITC M:0030 B:0089 L:0
    APU
    FITCM0030B0089L0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $340,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $350,000
      Mixed-Use
      $340,000
      Hospitality
      $370,000
      Educational
      $320,000
      Residential Income
      $315,000
      Energy
      $315,000
      Income-Based Land
      $285,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8027
    Latitude
    42.5862
    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
    $2,987
    $93,200
    $108,500
    $201,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      18,240 SF

      780 Rollstone Rd

      OFFICE BUILDING • 18,240 SF
      780 Rollstone Rd, Fitchburg, MA 01420
      View Details
    • Value Estimation by Request
      55,435 SF

      76 Summer St

      OFFICE BUILDING • 55,435 SF
      76 Summer St, Fitchburg, MA 01420-0200
      View Details
    • Value Estimation by Request
      8,960 SF

      50 Whalon St

      OFFICE BUILDING • 8,960 SF
      50 Whalon St, Fitchburg, MA 01420-7138
      View Details
    • Value Estimation
      $365,000
      2,863 SF

      615 Ss St

      OFFICE BUILDING • 2,863 SF
      615 Ss St, Fitchburg, MA 01420-6248
      View Details
    • Value Estimation
      $360,000
      3,750 SF

      546 Electric Ave

      OFFICE BUILDING • 3,750 SF
      546 Electric Ave, Fitchburg, MA 01420-5370
      View Details
    • Value Estimation
      $145,000
      4,608 SF

      50 Grv St

      OFFICE BUILDING • 4,608 SF
      50 Grv St, Fitchburg, MA 01420-3116
      View Details

    Similar Nearby for Sale

    • $249,999

      Charming Victorian Office Building

      Historic Fitchburg office building with original features and conversion potential.
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    • $599,000
      0.21 Acres

      Fitchburg Mixed-Use Property - Quick Sale

      Two buildings, high potential, needs rehab.
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    Similar Nearby for Lease

    • $14 SF/Yr

      Parkhill Plaza Office/Retail Space

      Office/Retail space for lease in a busy plaza.
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      View Details
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      5,500 SF

      Fitchburg Retail/Office Space Available

      Retail/office space with prominent frontage and ample parking.
      265 Summer St, Fitchburg, MA 01420
      View Details
    • $350 /Mo

      Downtown Fitchburg Office Space Available

      Professional office space in revitalizing downtown Fitchburg. Call today!
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      View Details
    • $22 SF/Yr
      3,000 SF

      Renovated Medical Office Space Available

      Class A medical office building with ample parking and visibility.
      370 Lunenburg St, Fitchburg, MA 01420
      View Details
    • $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
    • Contact for pricing

      Retail Space with Drive-Thru Potential

      Anchor space and proposed drive-thru pad site available for lease.
      Fitchburg, MA 01420
      View Details
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    61 Academy St
    Fitchburg, MA 01420-7517
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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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