Technical
Financial
Distress signals
Property profile

1 Washington Sq Worcester, MA 01604

OFF-MARKET
Hotels
Property ID
US38-1031832
95,308 SF 1.92 ac lot Built 2016
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2016
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 95,308 SF
Lot 1.92 ac (83,635 SF)
Zoning code BG-6
APN WORC M:01 B:038 L:00006
UPID US38-1031832

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 Vacation Rental

Location

1 Washington Sq Worcester, MA 01604-4013
Worcester metro Census 731700 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.20M
Comparable Approach Comparable
$9.27M
Blend (final) Blend
$9.23M

Owner & transaction history

since 2015
3 recorded transactions
2015
$1.1M
2007
$1
1994
Price N/A

Zoning & alternative use

BG-6 · Worcester, MA
Top alternative use upside
Retail stores $12.8M +153.8%
Medical building $11.7M +132.5%
Restaurant $10.5M +108.3%

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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