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Property profile & analytics
OFF-MARKET
Estimated value
$15,555,000
Automotive properties
707 Main St, Leominster, MA 01453
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0524938
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,215 SF
Lot
1.91 ac (83,200 SF)
APN
LEOM M:0209 B:0003 L:0000
UPID
US38-0524938
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.56M
Owner & transaction history
Lac 743 N Main St Leomins · 2 yrs held
Lac 743 N Main St Leomins
since 2024
Last sale
$15.6M
7 recorded transactions
Zoning & alternative use
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 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
$15,555,000
ML approach
$15,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.56M
Range $14.00M – $17.11M · ±10% · vs last sale $15.56M (May 8 2024)
Last sale anchor
$15.56M
May 8 2024
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
$337 / 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
$44,225
Tax year 2024
Assessed value
$3,047,900
Assessed 2024
Previous assessed
$3,047,900
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$573,200
Assessed improvement
$2,474,700
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
46,215 SF
Lot
1.91 ac (83,200 SF)
APN
LEOM M:0209 B:0003 L:0000
UPID
US38-0524938
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
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
Lac 743 N Main St Leomins
Individual
Mailing address
707 N MAIN ST, LEOMINSTER, MA 01453
Ownership since
2024
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
May 8, 2024
$15,555,556
Lac 743 N Main St Leomins
Mag Re Hldg-route 2 LLC
Quit Claim Arm's Length For Ne States
—
Oct 5, 2023
—
Mag Re Hldg-route 2 LLC
—
Deed
related
$654,000,000 · Truist Bank
Mar 16, 2022
$7,000,000
Mag Re Hldg Route 2 LLC
Route 2 Realty LLC
Quit Claim Arm's Length For Ne States
$5,600,000 · Santander Bank NA
Jan 21, 2010
—
Route 2 Realty LLC
—
Deed Of Trust
related
$3,441,000 · Clinton Savings Bank
Jul 19, 2005
—
Route 2 Rlty LLC
—
Deed Of Trust
related
$3,960,000 · Worth Funding INC
Oct 14, 2004
$2,900,000
Route 2 Realty LLC
Mcm INC
Grant Deed
$2,175,000 · Gary Needham
Oct 14, 2004
—
Route 2 Realty LLC
—
Deed Of Trust
related
$1,260,000 · Gary Needham
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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