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    Property profile & analytics

    905 Merriam Ave Leominster, MA 01453-1200

    • Turn key restaurants
    • 5,485 SF
    • 1.82 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 04, 2023
    $24,000,000
    Location Intelligence
    Property ID
    US38-1763999
    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

    • Wow Bao / Chinese Restaurant

    Property Details for 905 Merriam Ave

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    1.82 lot acres
    Property size
    5,485 SF
    Property type
    Turn key restaurants
    APN
    LEOM M:0261 B:0003 L:0000
    APU
    LEOMM0261B0003L0000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7799
    Latitude
    42.5523
    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
    $12,968
    $260,800
    $632,900
    $893,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,214 SF

      804 Main St

      RESTAURANT • 2,214 SF
      804 Main St, Leominster, MA 01453-1411
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    • Value Estimation by Request
      13,049 SF

      638 Main St

      RESTAURANT • 13,049 SF
      638 Main St, Leominster, MA 01453-1816
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    • Value Estimation
      $215,000
      1,232 SF

      206 Merriam Ave

      RESTAURANT • 1,232 SF
      206 Merriam Ave, Leominster, MA 01453-2758
      View Details
    • Value Estimation
      $260,000
      2,065 SF

      519 Main St

      RESTAURANT • 2,065 SF
      519 Main St, Leominster, MA 01453-2948
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    • Value Estimation by Request
      3,280 SF

      35 Commercial Rd

      RESTAURANT • 3,280 SF
      35 Commercial Rd, Leominster, MA 01453-3305
      View Details
    • Value Estimation by Request
      4,182 SF

      302 Main St

      RESTAURANT • 4,182 SF
      302 Main St, Leominster, MA 01453-5536
      View Details

    Similar Nearby for Sale

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      Established Restaurant Opportunity For Sale

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    Similar Nearby for Lease

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      623,962 SF

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      Leominster Retail Center Opportunity

      Prime Retail Space, Worcester County, MA
      975 Merriam Ave, Leominster, MA 01453
      View Details
    • $1,100 /Mo

      Retail Space in Leominster Mall

      Retail or office space available in a busy strip mall.
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      46,162 SF

      Leominster Retail Space For Lease

      Retail property in Leominster, MA, featuring modern upgrades.
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      7,967 SF

      Retail Space in Leominster Center

      Retail space in regional shopping destination near Route 2.
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      3,360 SF

      Prime Leominster Retail Space

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    Property Visit Statistics

    • Visits by month
      10.2k
    • Visitors by month
      8.0k
    • Avg Time on site
      55 min
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    905 Merriam Ave
    Leominster, MA 01453-1200
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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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