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    Property profile & analytics

    99 Erdman Way Leominster, MA 01453-1805

    • Hotels
    • 135,070 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimation
    $12,310,000
    Last Sale
    Dec 22, 2023
    $13,321,966
    Location Intelligence
    Property ID
    US38-1386395
    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

    • DoubleTree by Hilton Hotel Leominster / Hotel
    • Taste of North Central / Non-Profit Organization

    Property Details for 99 Erdman Way

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    6.00 lot acres
    Property size
    135,070 SF
    Property type
    Hotels
    APN
    LEOM M:0225 B:0001 L:0000
    APU
    LEOMM0225B0001L0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $11,700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,225,000
      6.5%
      $13,970,000
      7%
      $13,490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,190,000
      Geo Method
      $14,900,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $13,235,000
      Retail
      $15,515,000
      Mixed-Use
      $11,960,000
      Hospitality
      $16,100,000
      Educational
      $16,345,000
      Residential Income
      $14,115,000
      Energy
      $11,720,000
      Income-Based Land
      $15,995,000
      Food Service
      $11,850,000

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7588
    Latitude
    42.5467
    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
    $146,230
    $3,151,100
    $6,926,800
    $10,077,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      67,500 SF

      21 Jungle Rd

      Distribution properties • 67,500 SF
      21 Jungle Rd, Leominster, MA 01453
      View Details
    • Value Estimation by Request
      2.75 Acres

      25 Mohawk Dr

      INDUSTRIAL (GENERAL) • 2.75 Acres
      25 Mohawk Dr, Leominster, MA 01453-3363
      View Details
    • Value Estimation by Request
      0.17 Acres

      Mt Pleasant Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
      Mt Pleasant Ave, Leominster, MA 01453
      View Details
    • Value Estimation by Request
      0.85 Acres

      193 Nashua St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.85 Acres
      193 Nashua St, Leominster, MA 01453-3317
      View Details
    • Value Estimation by Request
      0.25 Acres

      Nashua St

      INDUSTRIAL - VACANT LAND • 0.25 Acres
      Nashua St, Leominster, MA 01453
      View Details
    • Value Estimation by Request
      3.00 Acres

      Old Willard Rd

      INDUSTRIAL - VACANT LAND • 3.00 Acres
      Old Willard Rd, Leominster, MA 01453
      View Details

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    Similar Nearby for Lease

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      Retail or office space available in a busy strip mall.
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      View Details
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    99 Erdman Way
    Leominster, MA 01453-1805
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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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