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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Office buildings
881 Ss St, Fitchburg, MA 01420-6384
Entity Owned
6-yr Hold
Free & Clear
Property ID
US38-0549395
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
FRAME
Total area
7,758 SF
Lot
1.09 ac (47,698 SF)
Zoning code
NB
APN
FITC M:0182 B:0001 L:0
UPID
US38-0549395
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
-
Little Smiles & Big Smiles Dental Office
-
South Street Dental Dental Office
-
Fitchburg Pediatrics Medical Clinic
-
Dr. Francis J. Mclaughlin, MD Pediatrician Medical Clinic
-
Erickson Lars C MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$856k
Blend (final)
Blend
$980k
Owner & transaction history
Elcevich LLC · 6 yrs held
Elcevich LLC
since 2020
Last sale
$730,000
4 recorded transactions
Zoning & alternative use
NB · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+107.3%
Auto repair, garage
$1.1M
+59.2%
Neighborhood: shopping center
$980,000
+38.8%
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 Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg 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
$1,075,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
RESTAURANT
$1,465,000
Change: +107% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,125,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$955,000
Change: +35% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$780,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$620,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $730k (Mar 31 2020)
Last sale anchor
$730k
Mar 31 2020
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
$126 / 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
$10,628
Tax year 2024
Assessed value
$717,600
Assessed 2024
Previous assessed
$705,800
+1.7% YoY
Effective rate
1.48%
On assessed value
Assessed land
$157,400
Assessed improvement
$560,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Bathrooms
8
Total area
7,758 SF
Lot
1.09 ac (47,698 SF)
Zoning code
NB
APN
FITC M:0182 B:0001 L:0
UPID
US38-0549395
Jurisdiction
FITCHBURG
Zoning & alternative use
NB · Fitchburg, MA
Zoning NB · permitted uses
NB · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$705,000
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
RETAIL STORES
Est. value
$955,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
WAREHOUSE, STORAGE
Est. value
$780,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Bathrooms
8
Lot
1.09 ac
Current owner
From public records · entity-resolved
Elcevich LLC
Entity
Free & Clear · 6 yrs held
Mailing address
915 SS ST, FITCHBURG, MA 01420-6252
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
$730,000
Elcevich LLC
Russell Hill
Trustees Deed
—
Oct 2, 2003
—
Russell Hill RT
—
Deed Of Trust
related
$300,000 · Fidelity Cp Bank
Feb 10, 1994
$180,000
Russell Hill RT
Spruce RT 1986
Grant Deed
$180,000 · Zenon Grzybowski
Oct 30, 1987
$80,000
Lowell E Umphress
Spruce Rlty Tr-1986
Grant Deed
$37,000 · Zenon Grzybowski
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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