Property profile

1 Lancaster St Worcester, MA 01609

OFF-MARKET
Investment properties
Property ID
US38-0397737
5,196 SF 0.11 ac lot Built 1890
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1890
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,196 SF
Lot 0.11 ac (4,776 SF)
Zoning code BO-1
APN WORC M:02 B:030 L:00017
UPID US38-0397737

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
  • Real Estate Agency
  • Advertising Agency Marketing & Advertising

Location

1 Lancaster St Worcester, MA 01609-2642
Worcester metro Census 731601 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.35M
CAP Approach CAP
$1.08M
Comparable Approach Comparable
$843k
Blend (final) Blend
$1.31M

Owner & transaction history

since 2020
Last sale
$1.1M
3 recorded transactions
2026
Price N/A
2023
Price N/A
2020
$1.1M

Zoning & alternative use

BO-1 · Worcester, MA
Top alternative use upside
Restaurant $1.1M +71.3%
Auto repair, garage $890,000 +40.7%
Retail stores $760,000 +20.3%

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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