Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    148 Gore Rd Webster, MA 01570-6814

    • Commercial real estate
    • 1.43 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1670718
    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

    • Commercial real estate

    Property Details for 148 Gore Rd

    Lot size
    1.43 lot acres
    Zone code
    GB-5 W
    Property type
    Commercial real estate
    APN
    WEBS M:60 B:D P:15
    APU
    WEBSM60BDP15

    Description

    This exceptional Webster, MA commercial property presents a unique investment opportunity. Situated on a 1.43-acre lot near Webster Lake, this property boasts high visibility and convenient access. The main structure comprises a spacious restaurant area, ideally suited for hosting a variety of events, from intimate gatherings to large-scale weddings and parties. The versatile layout offers ample space for comfortable dining and efficient service. In addition to the restaurant, a fully operational convenience store provides a second, significant income stream. This dual-income setup offers substantial revenue potential. The combination of a popular restaurant venue and a convenient retail space creates a synergistic business model, maximizing profitability. The property's prime location near Webster Lake ensures a steady flow of both local and tourist traffic, enhancing its appeal and market value. This is a rare chance to acquire a well-established, multi-faceted commercial property with significant growth potential in a desirable lakeside setting. The property's size and layout offer flexibility for expansion or adaptation to meet evolving market demands. This turnkey operation is ready for a new owner to step in and capitalize on its existing success and inherent potential. The property's location offers easy access for customers and employees alike. This is an exceptional opportunity for an investor seeking a high-return, multi-income stream commercial property in a picturesque lakeside location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8426
    Latitude
    42.0564
    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
    $13,734
    $159,500
    $968,100
    $1,127,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      20.31 Acres

      10-12 Goya Dr

      COMMERCIAL (GENERAL) • 20.31 Acres
      10-12 Goya Dr, Webster, MA 01570
      View Details
    • Value Estimation
      $3,075,000
      1,344 SF

      27 Granite St

      SHOW ROOM, WAREHOUSE • 1,344 SF
      27 Granite St, Webster, MA 01570-2410
      View Details
    • Value Estimation
      $270,000
      6.50 Acres

      4 Old Douglas Rd

      COMMERCIAL (GENERAL) • 6.50 Acres
      4 Old Douglas Rd, Webster, MA 01570-3206
      View Details
    • Value Estimation
      $260,000
      5,700 SF

      41st Worcester Rd

      SHOW ROOM, WAREHOUSE • 5,700 SF
      41st Worcester Rd, Webster, MA 01570-1624
      View Details
    • Value Estimation
      $885,000
      114,000 SF

      9 Goya Dr

      SHOW ROOM, WAREHOUSE • 114,000 SF
      9 Goya Dr, Webster, MA 01570
      View Details
    • Value Estimation
      $245,000
      2,000 SF

      Harvard St

      SHOW ROOM, WAREHOUSE • 2,000 SF
      Harvard St, Webster, MA 01570
      View Details

    Similar Nearby for Sale

    • $825,000
      0.34 Acres

      Webster Commercial Land Opportunity

      Prime 0.34-acre lot, 30,400 sq ft, development plans.
      12 Day St, Webster, MA 01570
      View Details
    • $789,000

      Versatile Commercial Facility in Webster

      14,000 SF facility suitable for office, warehouse, or mixed-use.
      44 Morris St, Webster, MA 01570
      View Details
    • $675,000
      5,001 SF

      Renovated Mixed-Use Webster Property

      Fully renovated mixed-use property with restaurant and apartment.
      175 Main St, Webster, MA 01570
      View Details
    • $529,865

      Three-Family Property with Recent Updates

      Three-family property featuring recent hot water tank replacements and added parking.
      6 Wall St, Webster, MA 01570
      View Details
    • $924,900

      Turn-Key Multifamily Investment Opportunity

      Professionally managed, fully leased 7-unit multifamily property with recent renovations.
      34-36 Park St, Webster, MA 01570
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,779 SF

      Retail Space on Main Street

      Retail space for lease in a high-traffic Webster plaza.
      129 E Main St, Webster, MA 01570
      View Details
    • $1,695 /Mo

      Downtown Webster Storefront for Rent

      Retail or office space with high visibility and parking.
      168-180 Main St, Webster, MA 01570
      View Details
    • Contact for pricing
      15,540 SF

      Industrial Building with Outdoor Storage

      15,540 SF industrial space with convenient highway access.
      26 Town Forest Rd, Webster, MA 01570
      View Details
    • $12 SF/Yr
      18,372 SF

      Webster Warehouse Space Available

      Warehouse space for lease featuring a loading dock.
      35 Thompson Rd, Webster, MA 01570
      View Details
    • Contact for pricing
      200,000 SF

      Webster Plaza Retail Space Available

      Retail space for lease in Webster Plaza shopping center.
      70 Worcester Rd, Webster, MA 01570
      View Details
    • $20 SF/Yr
      1,500 SF

      Freestanding Healthcare Facility For Lease

      14,710 square-foot healthcare facility constructed in 2002 on 2.3 acres.
      336 Thompson Rd, Webster, MA 01570
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    148 Gore Rd
    Webster, MA 01570-6814
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.