Property profile

9 Water St Leicester, MA 01524

OFF-MARKET
Manufacturing properties
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Property ID
US38-0210871
25,450 SF 0.44 ac Built 1862
Last sale Oct 2010·$300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional three-story brick mill building, situated on a 0.44-acre lot in Leicester, MA, presents a unique redevelopment opportunity. Located on Water Street, just off Route 9, this property boasts 25,450 square feet of space, offering high ceilings, abundant natural light, and a desirable water view. The building features many new windows, a sprinkler system, and convenient loading docks. A large parking lot is also available. The property's prime location offers easy access to…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$594k
Assessed land$85k
Assessed improvement$509k
Effective rate1.26%

Value estimate

· Nov 2026
$590k
$531k – $649k
AI approach$590k
Submarket $/SF estimate$910k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$80/SF
County average, outlier-cleaned · 209 recorded sales of this use type
Observed band · Q1–Q3$36 – $125
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CB
Amend Section 3.34, Central Business District (CB), to allow large-scale ground-mounted solar photovoltaic installations by special permi...
General categoryCOMMERCIAL
JurisdictionLEICESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.8
Hair Salon9.6
Law Firm9.4

Location

9 Water St Leicester, MA 01524-1321
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

7 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
4 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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