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    Property profile & analytics

    112 Grove St Worcester, MA 01612

    • Retail space
    • 19,615 SF
    • 0.64 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $1,780,000
    Last Sale
    Jul 16, 2024
    $1,795,000
    Location Intelligence
    Property ID
    US38-0406435
    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

    • Rainbow Furniture / Furniture Store
    • Safeway Luxury Transportation / Ambulance Service / Bus Charter

    Property Details for 112 Grove St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.64 lot acres
    Property size
    19,615 SF
    Zone code
    BG-6
    Property type
    Retail space
    APN
    WORC M:09 B:32A L:00001
    APU
    WORCM09B32AL00001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,795,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,660,000
      6.5%
      $1,955,000
      7%
      $1,755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,785,000
      Geo Method
      $1,560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,865,000
      Retail
      $1,940,000
      Mixed-Use
      $2,010,000
      Hospitality
      $1,805,000
      Educational
      $1,770,000
      Residential Income
      $1,790,000
      Energy
      $1,855,000
      Income-Based Land
      $1,490,000
      Food Service
      $1,540,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8021
    Latitude
    42.2773
    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
    $16,696
    $364,400
    $191,400
    $555,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,685,000
      1,592 SF

      31 Lincoln St

      RETAIL STORES (PERSONAL SERVICES) • 1,592 SF
      31 Lincoln St, Worcester, MA 01605-2633
      View Details
    • Value Estimation
      $370,000
      5,348 SF

      203 Grv St

      RETAIL STORES (PERSONAL SERVICES) • 5,348 SF
      203 Grv St, Worcester, MA 01605-1707
      View Details
    • Value Estimation
      $540,000
      7,400 SF

      270 Grv St

      RETAIL STORES (PERSONAL SERVICES) • 7,400 SF
      270 Grv St, Worcester, MA 01605-3985
      View Details
    • Value Estimation
      $400,000
      2,870 SF

      730 Plantation St

      RETAIL STORES (PERSONAL SERVICES) • 2,870 SF
      730 Plantation St, Worcester, MA 01605-2041
      View Details
    • Value Estimation
      $315,000
      2,004 SF

      169 Lincoln St

      RETAIL STORES (PERSONAL SERVICES) • 2,004 SF
      169 Lincoln St, Worcester, MA 01605-3743
      View Details
    • Value Estimation by Request
      42,920 SF

      19 Glennie St

      RETAIL STORES (PERSONAL SERVICES) • 42,920 SF
      19 Glennie St, Worcester, MA 01605-3918
      View Details

    Similar Nearby for Sale

    • $4,153,016
      11,382 SF

      451 Lincoln St

      Individual retail properties • 11,382 SF
      451 Lincoln St, Worcester, MA 01605
      View Details
    • $1,400,000

      Prime Worcester Commercial Property

      High-traffic location with storefronts, offices, and garage space.
      453-455 Lincoln St, Worcester, MA 01605
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    • $1,000,000

      Prime Parking Lot Opportunity

      13,721 SF parking lot in the heart of Worcester.
      107 E Central St, Worcester, MA 01605
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    • $4,000,000
      17,724 SF

      New Construction Multifamily in Worcester

      Newly constructed multifamily residence in Worcester with modern design.
      40 Hooper St, Worcester, MA 01605
      View Details
    • $749,900

      Large Multifamily Property Near Hospital

      Three-family property with updates, convenient location, and parking.
      24 Catharine St, Worcester, MA 01605
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      Impressive three-family home with modern updates and desirable amenities.
      12 Windsor St, Worcester, MA 01605
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    Similar Nearby for Lease

    • $1,650,000
      1,895 SF

      Highly Visible Retail Space

      Retail space with high visibility and strong traffic counts.
      173 Grove St, Worcester, MA 01605
      View Details
    • Contact for pricing
      11,000 SF

      Retail Strip in Prime Location

      11,000 SF retail strip in sought-after commercial area.
      31-35 Park Ave, Worcester, MA 01605
      View Details
    • Contact for pricing
      7,400 SF

      Prime Retail Space Available

      Retail space for rent in a prime location.
      270 Grove St, Worcester, MA 01605
      View Details
    • Contact for pricing
      8,511 SF

      Retail Space on Grafton Street

      Retail space for lease in a high-traffic Worcester location.
      994 Grafton St, Worcester, MA 01605
      View Details
    • Contact for pricing
      6,288 SF

      Retail Space in Worcester Center

      Retail space available in a densely populated Worcester power center.
      539 Lincoln St, Worcester, MA 01605
      View Details
    • $1,600 /Mo

      Renovated Retail Space Available

      Newly renovated retail space with high traffic and street parking.
      8 Conner, Worcester, MA 01605
      View Details
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    112 Grove St
    Worcester, MA 01612
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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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