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    Property profile & analytics

    96 Franklin Rd Fitchburg, MA 01420-5214

    • Retail space
    • 4,784 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $6,180,000
    Last Sale
    Nov 02, 2022
    $5,800,000
    Location Intelligence
    Property ID
    US38-0941773
    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

    • Baron David E / Optometrist
    • Park Hill Pizza / Pizza Restaurant / Fast Food Restaurant

    Property Details for 96 Franklin Rd

    Year built
    1971
    Lot size
    0.23 lot acres
    Property size
    4,784 SF
    Zone code
    C
    Property type
    Retail space
    APN
    FITC M:0116 B:0061 L:0
    APU
    FITCM0116B0061L0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,660,000
      6.5%
      $5,130,000
      7%
      $5,685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,280,000
      Geo Method
      $5,020,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,285,000
      Retail
      $6,320,000
      Mixed-Use
      $5,760,000
      Hospitality
      $6,925,000
      Educational
      $6,705,000
      Residential Income
      $5,875,000
      Energy
      $6,125,000
      Income-Based Land
      $5,520,000
      Food Service
      $6,680,000

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8153
    Latitude
    42.569
    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
    $6,546
    $110,500
    $331,500
    $442,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      728 SF

      17 Summer St

      RETAIL STORES (PERSONAL SERVICES) • 728 SF
      17 Summer St, Fitchburg, MA 01420-5716
      View Details
    • Value Estimation by Request
      4,162 SF

      143 Clarendon St, Unit 149

      RETAIL STORES (PERSONAL SERVICES) • 4,162 SF
      143 Clarendon St, Fitchburg, MA 01420-4005
      View Details
    • Value Estimation by Request
      7,664 SF

      955 Ss St

      RETAIL STORES (PERSONAL SERVICES) • 7,664 SF
      955 Ss St, Fitchburg, MA 01420-7019
      View Details
    • Value Estimation
      $380,000
      2,648 SF

      38 Culley St

      RETAIL STORES (PERSONAL SERVICES) • 2,648 SF
      38 Culley St, Fitchburg, MA 01420-3510
      View Details
    • Value Estimation
      $345,000
      17,444 SF

      444 Main St, Unit 458

      RETAIL STORES (PERSONAL SERVICES) • 17,444 SF
      444 Main St, Fitchburg, MA 01420-8040
      View Details
    • Value Estimation
      $315,000
      1,296 SF

      1187 Water St

      RETAIL STORES (PERSONAL SERVICES) • 1,296 SF
      1187 Water St, Fitchburg, MA 01420-7239
      View Details

    Similar Nearby for Sale

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      Commercial building suitable for retail, contracting, sales, or distribution.
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    • Contact for pricing
      1,400 SF

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      Freestanding retail building with parking on heavily trafficked street.
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    Similar Nearby for Lease

    • Contact for pricing
      2,900 SF

      Retail Space on John Fitch Highway

      Retail suites available in high-traffic Fitchburg location near Route 2.
      353 John Fitch Hwy, Fitchburg, MA 01420
      View Details
    • $20 SF/Yr
      1,865 SF

      Prime Retail Space Available

      Exceptional retail opportunity on the Leominster/Fitchburg line.
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      View Details
    • $14 SF/Yr

      Parkhill Plaza Office/Retail Space

      Office/Retail space for lease in a busy plaza.
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    • $16 SF/Yr
      5,500 SF

      Fitchburg Retail/Office Space Available

      Retail/office space with prominent frontage and ample parking.
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    • Contact for pricing
      169,443 SF

      Fitchburg Retail Space For Rent

      Retail suites available in high-traffic Fitchburg location.
      353-385 John Fitch Hwy, Fitchburg, MA 01420
      View Details
    • $2,500 /Mo

      Prime Retail Space Available

      2,500 sq ft retail space in high-traffic location.
      127 John Fitch Hwy, Fitchburg, MA 01420
      View Details
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    96 Franklin Rd
    Fitchburg, MA 01420-5214
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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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