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    Property profile & analytics

    823 Lancaster St Leominster, MA 01453-4503

    • Warehouses
    • 6,528 SF
    • 1.57 lot acres
    OFF-MARKET
    Value Estimation
    $765,000
    Last Sale
    May 12, 2022
    $781,500
    Location Intelligence
    Property ID
    US38-1012247
    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

    • Action Precision Machining / Machine Shop / Service Establishment

    Property Details for 823 Lancaster St

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.57 lot acres
    Property size
    6,528 SF
    Property type
    Warehouses
    APN
    LEOM M:0319 B:0014A L:0000
    APU
    LEOMM0319B0014AL0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $755,000

    • CAP approach

      CAP return
      Estimation
      6%
      $805,000
      6.5%
      $860,000
      7%
      $775,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $775,000
      Geo Method
      $725,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $885,000
      Retail
      $755,000
      Mixed-Use
      $935,000
      Hospitality
      $925,000
      Educational
      $845,000
      Residential Income
      $775,000
      Energy
      $745,000
      Income-Based Land
      $945,000
      Food Service
      $800,000

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7327
    Latitude
    42.5035
    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
    $9,192
    $312,000
    $321,500
    $633,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,699 SF

      20 Pond St

      WAREHOUSE, STORAGE • 4,699 SF
      20 Pond St, Leominster, MA 01453
      View Details
    • Value Estimation by Request
      250,000 SF

      529 Lancaster St

      Distribution properties • 250,000 SF
      529 Lancaster St, Leominster, MA 01453
      View Details
    • Value Estimation
      $3,975,000
      32,000 SF

      100 Crawford St

      WAREHOUSE, STORAGE • 32,000 SF
      100 Crawford St, Leominster, MA 01453-2300
      View Details
    • Value Estimation
      $760,000
      42,000 SF

      320 Industrial Rd

      WAREHOUSE, STORAGE • 42,000 SF
      320 Industrial Rd, Leominster, MA 01453-1684
      View Details
    • Value Estimation
      $675,000
      53,722 SF

      21 Central Ct

      WAREHOUSE, STORAGE • 53,722 SF
      21 Central Ct, Leominster, MA 01453-4175
      View Details
    • Value Estimation by Request
      67,500 SF

      21 Jungle Rd

      Distribution properties • 67,500 SF
      21 Jungle Rd, Leominster, MA 01453
      View Details

    Similar Nearby for Sale

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      6,700 SF Leominster industrial building with renovated office and manufacturing space.
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    • $2,500,000
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      Leominster Warehouse: $2.5M Asking

      Massive Warehouse, Ideal for Industrial Use
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      29,000 SF

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      6,300 SF

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      6,300 SF Freestanding Office Building
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    • $725,900

      Leominster Office Space For Sale

      Office space featuring six offices, conference room, and kitchenette.
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    • $534,900

      Leominster Four-Family Investment Opportunity

      Four-family property in downtown Leominster with a renovated vacant unit.
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    Similar Nearby for Lease

    • $6 SF/Yr
      140,000 SF

      Leominster Warehouse Space Available

      Large industrial warehouse, flexible space options.
      177 Florence St, Leominster, MA 01453
      View Details
    • Contact for pricing
      8,900 SF

      Leominster Industrial Space Available

      Versatile warehouse and office space with convenient highway access.
      89 Crawford St, 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
    • Contact for pricing
      4,500 SF

      Leominster Warehouse: 4,500 SF

      Spacious warehouse, ideal for your business.
      1775 Lock Dr, Leominster, MA 01453
      View Details
    • Contact for pricing
      67,500 SF

      Leominster Warehouse: 67,500 SF

      Massive warehouse, ideal for build-to-suit.
      21 Jungle Rd, Leominster, MA 01453
      View Details
    • Contact for pricing
      623,962 SF

      Whitney Field Retail Spaces Available

      Leominster Retail Center: Multiple Spaces
      100 Commercial Rd, Leominster, MA 01453
      View Details
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    823 Lancaster St
    Leominster, MA 01453-4503
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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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