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    Property profile & analytics
    OFF-MARKET Estimated value $9,010,000
    Office buildings

    690 Mechanic St, Leominster, MA 01453-4402

    68,927 SF 10.19 ac lot Built 1988
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US38-1274849
    Property summary
    AI-generated overview

    This exceptional Class A office building, located at 690 Mechanic Street in Leominster, Massachusetts, offers a significant leasing opportunity. The property boasts a total of 68,000 square feet, with 34,000 square feet currently available for lease. Built in 1988, this two-story building sits on a spacious 10.19-acre lot and features ample parking with 227 spaces. The property is zoned MU-1, providing flexibility for various commercial uses. Ideal for businesses seeking a modern and adaptable workspace, this executive office building offers a campus-like feel and excellent visibility in a thriving area. The building's substantial size and available space make it suitable for a variety of business needs. Located in Worcester County, this property provides easy access to major transportation routes and amenities. The well-maintained building offers a high-quality environment for businesses seeking a strategic location in Leominster, MA, zip code 01453. This is a rare opportunity to secure a substantial amount of prime office space in a desirable location. The property's size, parking, and zoning make it a highly attractive option for businesses looking to expand or relocate. The ample acreage provides room for future expansion or additional amenities. Don't miss this chance to establish your business in this impressive and well-situated office building.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1988
    Construction STEEL FRAME
    Total area 68,927 SF
    Lot 10.19 ac (443,876 SF)
    APN LEOM M:0445 B:0001A L:0000
    UPID US38-1274849
    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
    • Dr. Eleanor Karp Medical Clinic Physician
    • Shanda Medical Group Medical Group
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $7.64M
    Blend (final) Blend
    $9.01M
    Owner & transaction history
    Crossroads Office Pk LLC
    Crossroads Office Pk LLC
    since 2026
    6 recorded transactions
    2026
    2021
    2007
    2006
    2000
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $13.0M +31.9%
    Retail stores $10.8M +9.8%
    Auto repair, garage $10.6M +7.4%
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