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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail properties & Spaces
866 Merriam Ave, Leominster, MA 01453-1238
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0679336
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2013
Construction
STEEL FRAME
Total area
10,655 SF
Lot
0.61 ac (26,554 SF)
APN
LEOM M:0263 B:0003 L:0000
UPID
US38-0679336
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
-
GFA Federal Credit Union Credit Union
-
Momo Bistro & brick oven pizza Restaurant
-
GNC (Bike/Boat/Book/etc) Store Pharmacy
-
Milan Laser Hair Removal Skin Care Clinic
-
Amazon Hub Counter - GNC Store #07431 Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$645k
Owner & transaction history
Lft Commack LLC · 6 yrs held
Lft Commack LLC
since 2020
5 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
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
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
$61 / 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
$9,929
Tax year 2024
Assessed value
$684,300
Assessed 2024
Previous assessed
$667,200
+2.6% YoY
Effective rate
1.45%
On assessed value
Assessed land
$142,800
Assessed improvement
$541,500
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Rooms
3
Bathrooms
3
Total area
10,655 SF
Lot
0.61 ac (26,554 SF)
APN
LEOM M:0263 B:0003 L:0000
UPID
US38-0679336
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
2013
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Rooms
3
Bathrooms
3
Lot
0.61 ac
Current owner
From public records · entity-resolved
Lft Commack LLC
Entity
Mailing address
270 MADISON AVE RM #1503, NEW YORK, NY 10016-0601
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
—
Lft Commack LLC
Lft Commack LLC
Quit Claim Deed
related
—
Oct 1, 2015
$5,335,000
Lft Commack LLC
Merriam South LLC
Quit Claim Deed
$1,850,000 · Rollstone Bk&tr
Aug 16, 2012
—
Merriam South LLC
—
Deed Of Trust
related
$2,895,000 · Fitchburg Savings Bank
Jul 6, 2012
$1
Merriam South LLC
866 Merriam Avenue T
Grant Deed
related
—
Oct 12, 2005
—
Merriam Avenue T 866
—
Deed Of Trust
related
$86,000 · Carolann M Tremblay
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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