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    Property profile & analytics

    1040 Southbridge St Worcester, MA 01610-2235

    • Assisted living facilities
    • 26,686 SF
    • 2.87 lot acres
    OFF-MARKET
    Value Estimation
    $795,000
    Location Intelligence
    Property ID
    US38-0247798
    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

    • Renaissance Adult Day Health / Adult Day Care Center
    • L & R Sales, Inc. / Construction Equipment Supplier / Countertop Store
    • 1040 Southbridge LLC / Tax Preparation Service

    Property Details for 1040 Southbridge St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.87 lot acres
    Property size
    26,686 SF
    Zone code
    MG-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    WORC M:26 B:019 L:09+9A
    APU
    WORCM26B019L099A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $910,000
      6.5%
      $1,075,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,125,000
      Geo Method
      $965,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,095,000
      Retail
      $860,000
      Mixed-Use
      $845,000
      Hospitality
      $1,015,000
      Educational
      $980,000
      Residential Income
      $1,175,000
      Energy
      $1,115,000
      Income-Based Land
      $1,075,000
      Food Service
      $1,145,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8182
    Latitude
    42.2308
    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
    $35,468
    $975,600
    $205,100
    $1,180,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,244 SF

      10 322

      Medical offices • 2,244 SF
      10 322, Worcester, MA 01610
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    • Value Estimation by Request
      2,244 SF

      10 322

      Medical offices • 2,244 SF
      10 322, Worcester, MA 01610
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    • Value Estimation
      $370,000
      1,376 SF

      347 Park Ave

      HOSPITAL - PRIVATE • 1,376 SF
      347 Park Ave, Worcester, MA 01610-1022
      View Details
    • Value Estimation by Request
      0.20 Acres

      55 Benefit St

      INDUSTRIAL - VACANT LAND • 0.20 Acres
      55 Benefit St, Worcester, MA 01610-1530
      View Details
    • Value Estimation by Request
      0.11 Acres

      2 Bigelow St

      VACANT COMMERCIAL LAND • 0.11 Acres
      2 Bigelow St, Worcester, MA 01610-1810
      View Details
    • Value Estimation by Request
      1.38 Acres

      115 Madison St

      VACANT COMMERCIAL LAND • 1.38 Acres
      115 Madison St, Worcester, MA 01610
      View Details

    Similar Nearby for Sale

    • $1,000,000

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      Worcester Commercial Property: 1.34 Acres

      Prime Worcester location, two large warehouses.
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      Successful restaurant/bar/entertainment business with liquor license for sale.
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      Mixed-Use Commercial Space Available

      Mixed-use commercial space with income potential in Worcester, MA.
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    Similar Nearby for Lease

    • Contact for pricing

      Corner Parcel with I-290 Visibility

      2.5-acre corner parcel with high visibility near Polar Park.
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      View Details
    • Contact for pricing
      5,000 SF

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      Three-story, 15,000 SF medical/office building for lease.
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      View Details
    • $18 SF/Yr

      Updated Office or Retail Space

      Versatile, updated office/retail space near Polar Park. Move-in ready.
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      View Details
    • Contact for pricing
      9,000 SF

      Retail Space in Worcester Available

      Retail space for lease in Worcester, available Spring 2023.
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      View Details
    • $7 SF/Yr
      10,000 SF

      Flexible Warehouse Space Available

      5,664 SF warehouse space for lease near Worcester CBD.
      100 Grand St, Worcester, MA 01610
      View Details
    • $1,575 /Mo

      Park Ave Retail Opportunity

      Retail space suitable for various businesses on Park Ave.
      379 Park Ave, Worcester, MA 01610
      View Details
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    1040 Southbridge St
    Worcester, MA 01610-2235
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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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