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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Super regional malls
68 Airport Rd Fitchburg, MA 01420-8168
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0265480
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2008
Construction
FRAME
Total area
16,500 SF
Lot
2.12 ac (92,386 SF)
Zoning code
I
APN
FITC M:0134 B:0001 L:0
UPID
US38-0265480
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
-
Legends Bar & Grille Bar & Pub Restaurant
-
Nicole Robinson, Hair Stylist @TheTintedTress Hair Salon
-
Artisan Hair and Nail Studio Hair Salon Nail Salon
-
Birdies Golf Course
-
New Beginnings Counseling Center Health Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.60M
Owner & transaction history
68 Airport Road RT · 5 yrs held
68 Airport Road RT
since 2020
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
I · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+14.7%
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
$1,795,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,080,000
Current use
AUTO REPAIR, GARAGE
$2,390,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$2,030,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,980,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.22M (Sep 11 2020)
Last sale anchor
$1.22M
Sep 11 2020
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
$97 / 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
$22,787
Tax year 2024
Assessed value
$1,538,600
Assessed 2024
Previous assessed
$1,480,200
+3.9% YoY
Effective rate
1.48%
On assessed value
Assessed land
$304,900
Assessed improvement
$1,233,700
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
RADIANT
Cooling
YES
Buildings
1
Stories
1
Units
6
Bathrooms
10
Total area
16,500 SF
Lot
2.12 ac (92,386 SF)
Zoning code
I
APN
FITC M:0134 B:0001 L:0
UPID
US38-0265480
Jurisdiction
FITCHBURG
Zoning & alternative use
I · Fitchburg, MA
Zoning I · permitted uses
I · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2008
Construction
FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
1
Units
6
Bathrooms
10
Lot
2.12 ac
Current owner
From public records · entity-resolved
68 Airport Road RT
Individual
Mailing address
65 PARKER ST, CLINTON, MA 01510-1905
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2020
$1,222,000
68 Airport Road RT
Parks Cramer Lofts LLC
Quit Claim Arm's Length For Ne States
$1,100,000 · I-c FCU
May 2, 2013
—
Parks Cramer Lofts LLC
Parks Cramer RT
Quit Claim Deed
related
—
Jun 9, 2009
—
Parks Cramer Lofts LLC
—
Deed Of Trust
related
$100,000 · Worth Funding INC
Dec 30, 2008
—
Parks Cramer Lofts LLC
—
Deed Of Trust
related
$300,000 · Worth Funding INC
Jul 22, 2008
—
Parks Cramer Lofts LLC
—
Deed Of Trust
related
$1,200,000 · Worth Funding INC
Mar 9, 2007
$411,500
Parks Cramer Lofts LLC
F Schumacher & Co
Grant Deed
—
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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