Property profile

99 Erdman Way Leominster, MA 01453

OFF-MARKET
Hotels
Property ID
US38-1386395
135,070 SF 6 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1988
Construction STEEL FRAME
Total area 135,070 SF
Lot 6 ac (261,360 SF)
APN LEOM M:0225 B:0001 L:0000
UPID US38-1386395

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Charitable Organization Social Service Agency

Location

99 Erdman Way Leominster, MA 01453-1805
Leominster metro Census 709600 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$15.64M
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.70M

Owner & transaction history

since 2023
Last sale
$13.3M
7 recorded transactions
2025
Price N/A
2023
$13.3M
2016
$12.5M
2013
$5.1M
2000
$10.5M
1998
$8.1M
1990
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $17.1M +139.4%
Medical building $16.6M +132.5%
Restaurant $14.6M +104.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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