Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    865 Merriam Ave Leominster, MA 01453-1230

    • Super regional malls
    • 28,237 SF
    • 2.21 lot acres
    OFF-MARKET
    Value Estimation
    $5,450,000
    Last Sale
    Jul 01, 2024
    $5,459,575
    Location Intelligence
    Property ID
    US38-1120048
    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

    • Outback Steakhouse / Gluten-Free Restaurant / Takeout Restaurant
    • Moe's Southwest Grill / Caterer / Mexican Restaurant
    • Twin City Dental Care / Dentist / Dental Clinic
    • D'Ambrosio Eye Care / Optometrist / Ophthalmology Clinic
    • AT&T Store / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 865 Merriam Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.21 lot acres
    Property size
    28,237 SF
    Property type
    Super regional malls
    APN
    LEOM M:0261 B:0002 L:0000
    APU
    LEOMM0261B0002L0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,970,000
      6.5%
      $5,885,000
      7%
      $5,515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,870,000
      Geo Method
      $6,060,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,120,000
      Retail
      $6,025,000
      Mixed-Use
      $4,635,000
      Hospitality
      $6,195,000
      Educational
      $6,160,000
      Residential Income
      $4,415,000
      Energy
      $5,545,000
      Income-Based Land
      $4,850,000
      Food Service
      $4,430,000

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7812
    Latitude
    42.5521
    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
    $35,991
    $331,700
    $2,148,700
    $2,480,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      26,814 SF

      19 Sack Blvd

      REGIONAL SHOPPING CENTER, MALL • 26,814 SF
      19 Sack Blvd, Leominster, MA 01453-3325
      View Details
    • Value Estimation by Request
      97,048 SF

      10 Orch Hl Park Dr

      REGIONAL SHOPPING CENTER, MALL • 97,048 SF
      10 Orch Hl Park Dr, Leominster, MA 01453-7020
      View Details
    • Value Estimation
      $7,635,000
      30,177 SF

      33 Orch Hl Park Dr

      REGIONAL SHOPPING CENTER, MALL • 30,177 SF
      33 Orch Hl Park Dr, Leominster, MA 01453-7019
      View Details
    • Value Estimation by Request
      76,705 SF

      510 Main St

      REGIONAL SHOPPING CENTER, MALL • 76,705 SF
      510 Main St, Leominster, MA 01453-1814
      View Details
    • Value Estimation by Request
      5.53 Acres

      Merriam Ave

      REGIONAL SHOPPING CENTER, MALL • 5.53 Acres
      Merriam Ave, Leominster, MA 01453
      View Details
    • Value Estimation by Request
      125,461 SF

      86 Orch Hl Park Dr

      REGIONAL SHOPPING CENTER, MALL • 125,461 SF
      86 Orch Hl Park Dr, Leominster, MA 01453-7020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,047 SF

      Retail and Multifamily Investment Opportunity

      Retail spaces and multifamily units near retail plazas.
      614 N Main St, Leominster, MA 01453
      View Details
    • $95,000

      Established Restaurant Opportunity For Sale

      Fully equipped restaurant with loyal clientele in high-traffic area.
      301 Lancaster St, Leominster, MA 01453
      View Details
    • $480,000

      Turnkey Auto Repair Facility

      Turnkey auto repair and sales facility in Leominster, Massachusetts.
      115 Whitney St, Leominster, MA 01453
      View Details
    • $699,000
      Pending

      Mixed-Use Property with Income Potential

      Versatile property with storefront, apartment, and detached commercial unit.
      12 Lindell Ave, Leominster, MA 01453
      View Details
    • $124,900

      Established Pasta Business Opportunity

      Profitable pasta business with loyal customer base for sale.
      557 Lancaster St, Leominster, MA 01453
      View Details
    • Contact for pricing
      6,300 SF

      Class A Office: Leominster, MA

      6,300 SF Freestanding Office Building
      83 Orchard Hill Park Dr, Leominster, MA 01453
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo

      Retail Space in Leominster Mall

      Retail or office space available in a busy strip mall.
      853 North Main A103, Leominster, MA 01453
      View Details
    • Contact for pricing
      7,967 SF

      Retail Space in Leominster Center

      Retail space in regional shopping destination near Route 2.
      489-493 N Main St, Leominster, MA 01453
      View Details
    • Contact for pricing
      5,800 SF

      Retail Pad Site Available

      5,800 SF freestanding retail pad site for lease.
      9 Orchard Hill Park Dr, Leominster, MA 01453
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Leominster Center

      Retail space available in a busy Leominster shopping center.
      9-31 Sack Blvd, Leominster, MA 01453
      View Details
    • $2,500 /Mo

      Retail or Office Space Available

      Versatile space suitable for retail or office use.
      752 North Main St, Leominster, MA 01453
      View Details
    • Contact for pricing
      25,830 SF

      Leominster Retail Center Opportunity

      Prime Retail Space, Worcester County, MA
      975 Merriam Ave, Leominster, MA 01453
      View Details

    Property Visit Statistics

    • Visits by month
      10.2k
    • Visitors by month
      8.0k
    • Avg Time on site
      57 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    865 Merriam Ave
    Leominster, MA 01453-1230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.