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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
977 Ss St, Fitchburg, MA 01420-7019
Individually Owned
28-yr Hold
~
Est. High Equity
Property ID
US38-0649473
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
FRAME
Total area
3,401 SF
Lot
0.86 ac (37,492 SF)
Zoning code
NB
APN
FITC M:0205 B:0014 L:0
UPID
US38-0649473
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
-
Lee Ann Nault, CPA Accounting Firm
-
Ameritax Tax Preparation
-
De Carolis Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$605k
Owner & transaction history
977 South Street RT · 28 yrs held
977 South Street RT
since 1998
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
NB · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$490,000
+59.2%
Neighborhood: shopping center
$430,000
+38.8%
Retail stores
$420,000
+35.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$490,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$420,000
Change: +35% · Conversion: Moderate
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $650k (Nov 25 2025)
Last sale anchor
$650k
Nov 25 2025
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
$178 / 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
$5,622
Tax year 2024
Assessed value
$379,600
Assessed 2024
Previous assessed
$369,200
+2.8% YoY
Effective rate
1.48%
On assessed value
Assessed land
$177,400
Assessed improvement
$202,200
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
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
3,401 SF
Lot
0.86 ac (37,492 SF)
Zoning code
NB
APN
FITC M:0205 B:0014 L:0
UPID
US38-0649473
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
AUTO REPAIR, GARAGE
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
RETAIL STORES
Est. value
$420,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.86 ac
Current owner
From public records · entity-resolved
977 South Street RT
Individual
Mailing address
977 SS ST, FITCHBURG, MA 01420-7019
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2007
—
977 South Street RT
—
Deed Of Trust
related
$90,000 · Avidia Bank
Jul 23, 2004
—
977 South Street RT
—
Deed Of Trust
related
$320,000 · Hudson Savings Bank
Dec 5, 2003
—
977 South Street RT
—
Deed Of Trust
related
$75,000 · Community National Bank
Jun 4, 2002
—
977 South St. RT
—
Deed Of Trust
related
$259,600 · Community National Bank
Jun 16, 1999
—
977 South St. RT
—
Deed Of Trust
related
$168,000 · Fitchburg Savings Bank
Jun 26, 1998
$210,000
977 South Street RT
Vincenzo T
Grant Deed
$168,000 · John F Mcgarry
Jun 6, 1997
$19,933
Oscar J Girouard
Leahey,anita L
Grant Deed
—
Jun 6, 1997
$9,966
Oscar J Girouard
Girouard,charlene A
Grant Deed
related
—
Oct 6, 1987
$195,000
A J Leahey
Hall,roy III
Grant Deed
—
Jan 8, 1987
$195,000
R III Hll
Leahey,annette M
Grant Deed
$175,000 · Zwi Kohorn
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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