We address the characterization of molecular nanomagnets at the quantum level and analyze the performance of local measurements in estimating the physical parameters in their spin Hamiltonians. To this aim, we compute key quantities in quantum estimation theory, such as the classical and the quantum Fisher information, in the prototypical case of an heterometallic antiferromagnetic ring. We show that local measurements, performed only on a portion of the molecule, allow a precise estimate of the parameters related to both magnetic defects and avoided level crossings.