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    Property profile & analytics

    80 Erdman Way Leominster, MA 01453-1840

    • Office buildings
    • 58,520 SF
    • 2.10 lot acres
    OFF-MARKET
    Value Estimation
    $620,000
    Location Intelligence
    Property ID
    US38-0938924
    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

    • Lesley Kenney / Nurse Practitioner
    • Dr. Joy-Ann Deane / Pediatric Dentist / Cosmetic Dentist
    • Dr. Gohar Mkrtchyan / Dentist / Dental Implants Periodontist
    • Apex Property Services (APS) / Property Management Company / Construction Company
    • Leominster Endodontics / Endodontist

    Property Details for 80 Erdman Way

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    2.10 lot acres
    Property size
    58,520 SF
    Zone code
    I
    Property type
    Office buildings
    APN
    FITC M:122R B:0006 L:0
    APU
    FITCM122RB0006L0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $660,000

    • CAP approach

      CAP return
      Estimation
      6%
      $560,000
      6.5%
      $630,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $660,000
      Geo Method
      $580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $660,000
      Retail
      $600,000
      Mixed-Use
      $520,000
      Hospitality
      $600,000
      Educational
      $630,000
      Residential Income
      $635,000
      Energy
      $535,000
      Income-Based Land
      $600,000
      Food Service
      $515,000

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7595
    Latitude
    42.5484
    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
    $13,982
    $548,900
    $395,200
    $944,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      59,193 SF

      80 Erdman Way

      OFFICE BUILDING • 59,193 SF
      80 Erdman Way, Leominster, MA 01453-1840
      View Details
    • Value Estimation by Request
      5,600 SF

      50 Central St

      OFFICE BUILDING • 5,600 SF
      50 Central St, Leominster, MA 01453-5717
      View Details
    • Value Estimation
      $370,000
      7,326 SF

      766 Main St

      OFFICE BUILDING • 7,326 SF
      766 Main St, Leominster, MA 01453
      View Details
    • Value Estimation
      $295,000
      4,224 SF

      510 Mechanic St

      OFFICE BUILDING • 4,224 SF
      510 Mechanic St, Leominster, MA 01453-4432
      View Details
    • Value Estimation
      $350,000
      3,316 SF

      1079 Central St

      OFFICE BUILDING • 3,316 SF
      1079 Central St, Leominster, MA 01453-4805
      View Details
    • Value Estimation
      $220,000
      1,306 SF

      25 Prospect St

      OFFICE BUILDING • 1,306 SF
      25 Prospect St, Leominster, MA 01453-3019
      View Details

    Similar Nearby for Sale

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      16,000 SF professional building with available space.
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    • Contact for pricing
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      Leominster Office Space For Sale

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      Leominster Multifamily Investment Opportunity

      Five-unit property with value-add potential and low overhead.
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      Leominster Three-Family Property

      Three-family property with spacious units, yard, and two-car garage.
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      Paved Corner Lot For Sale

      Corner lot in excellent location with high traffic and density.
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    Similar Nearby for Lease

    • $15 SF/Yr
      34,000 SF

      Contemporary Office Building For Lease

      68,000 SF contemporary office building for lease in Leominster.
      690 Mechanic St, Leominster, MA 01453
      View Details
    • $17 SF/Yr
      5,000 SF

      Downtown Leominster Office Space

      5,000 SF office space available October 1, 2025.
      29 Main St, Leominster, MA 01453
      View Details
    • $2,400 /Mo

      Turnkey Dental Office Space

      Ready-to-operate dental office with existing equipment and patient areas.
      1079 Central St, Leominster, MA 01453
      View Details
    • Contact for pricing
      6,300 SF

      Executive Office Space, Worcester County

      Class A Office, 6,300 SF, Ample Parking
      83 Orchard Hill Park Dr, Leominster, MA 01453
      View Details
    • $40,783

      Leominster Warehouse and Office Bundle

      Office and warehouse space available for lease in Leominster.
      25 Mohawk Dr, Leominster, MA 01453
      View Details
    • $9 SF/Yr

      Leominster Office Space For Rent

      Office space with conference room and kitchen near I-190.
      25 Off-G Mohawk Dr, Leominster, MA 01453
      View Details
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    80 Erdman Way
    Leominster, MA 01453-1840
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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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