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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
65 Main St, Leominster, MA 01453-5543
Entity Owned
10-yr Hold
Free & Clear
Property ID
US38-2225474
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Construction
STEEL FRAME
Total area
6,920 SF
Lot
0.5 ac (21,837 SF)
APN
LEOM M:0019 B:0011 L:0000
UPID
US38-2225474
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
-
Enterprise Bank Financial Advisor
-
Don's Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.31M
Owner & transaction history
Enterprise B & T Co · 10 yrs held
Enterprise B & T Co
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+31.9%
Retail stores
$1.1M
+9.8%
Auto repair, garage
$1.1M
+7.4%
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 Leominster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leominster 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
$990,000
Current use
RESTAURANT
$1,305,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$1,085,000
Change: +10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,060,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: -12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$830,000
Change: -16% · Conversion: Easy
COMMERCIAL (GENERAL)
$795,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$189 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$23,645
Tax year 2024
Assessed value
$1,629,600
Assessed 2024
Previous assessed
$1,604,700
+1.6% YoY
Effective rate
1.45%
On assessed value
Assessed land
$375,000
Assessed improvement
$1,254,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
6,920 SF
Lot
0.5 ac (21,837 SF)
APN
LEOM M:0019 B:0011 L:0000
UPID
US38-2225474
Jurisdiction
LEOMINSTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$990,000
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$795,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Enterprise B & T Co
Entity
Free & Clear · 10 yrs held
Mailing address
222 MERRIMACK ST, LOWELL, MA 01852-5913
Ownership since
2016
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
Mar 25, 2016
$205,000
Enterprise B & T Co
Columbia Hotel LLC
Quit Claim Deed
—
May 30, 2007
$2,000,000
Columbia Hotel LLC
Columbia Building RT
Grant Deed
$1,600,000 · Workers Cu
Dec 8, 2003
—
Columbia Building RT
—
Deed Of Trust
related
$150,000 · Enterprise Bank & Trust
Feb 25, 2003
—
Columbia Bldg RT
—
Deed Of Trust
related
$510,000 · Enterprise Bank & Trust
Jul 22, 1999
—
Columbia Bldg RT
—
Deed Of Trust
related
$400,000 · Commerce Bank & Trust
Sep 8, 1992
—
Columbia Bldg RT
—
Deed Of Trust
related
$500,000 · Worc County Inst Savings
May 22, 1987
—
Bldg RT Trs Columbia
—
Deed Of Trust
related
$50,000 · Guaranty Bank
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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