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    Property profile & analytics

    12 Lk Ave Worcester, MA 01604-5823

    • Retail space
    • 2,196 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US38-0313756
    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

    • Sneakerama / Running Store / Shoe Store

    Property Details for 12 Lk Ave

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property size
    2,196 SF
    Zone code
    BL-1
    Property type
    Retail space
    APN
    WORC M:17 B:012 L:00039
    APU
    WORCM17B012L00039

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $260,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $210,000
      Mixed-Use
      $270,000
      Hospitality
      $235,000
      Educational
      $250,000
      Residential Income
      $250,000
      Energy
      $210,000
      Income-Based Land
      $235,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7594
    Latitude
    42.2734
    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
    $9,706
    $131,200
    $191,900
    $323,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      3,840 SF

      4 Wall St

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      4 Wall St, Worcester, MA 01604
      View Details
    • Value Estimation
      $535,000
      17,800 SF

      121 Water St

      RETAIL STORES (PERSONAL SERVICES) • 17,800 SF
      121 Water St, Worcester, MA 01604
      View Details
    • Value Estimation
      $345,000
      2,075 SF

      56 Water St

      RETAIL STORES (PERSONAL SERVICES) • 2,075 SF
      56 Water St, Worcester, MA 01604-5031
      View Details
    • Value Estimation
      $560,000
      2,960 SF

      1120 Grafton St

      RETAIL STORES (PERSONAL SERVICES) • 2,960 SF
      1120 Grafton St, Worcester, MA 01604-2030
      View Details
    • Value Estimation
      $610,000
      2,964 SF

      922 Grafton St

      RETAIL STORES (PERSONAL SERVICES) • 2,964 SF
      922 Grafton St, Worcester, MA 01604-2006
      View Details
    • Value Estimation
      $390,000
      4,119 SF

      55 Grn St

      RETAIL STORES (PERSONAL SERVICES) • 4,119 SF
      55 Grn St, Worcester, MA 01604-4109
      View Details

    Similar Nearby for Sale

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      Retail Space with Dedicated Parking

      Retail property featuring an open floor plan and dedicated parking.
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      Mixed-Use Investment Opportunity

      Three-unit mixed-use property in a high-visibility location.
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      Well-maintained mixed-use property with retail space and apartments.
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      Four-unit commercial property near Canal District and Polar Park.
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      Highly visible property with flexible zoning and strong traffic counts.
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      Permitted 24-unit multifamily with commercial space in prime location.
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    Similar Nearby for Lease

    • $3,500 /Mo
      871 SF

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      Retail space with full kitchen and bar in Worcester Market.
      152 Green St, Worcester, MA 01604
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    • $1,500 /Mo
      418 SF

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      Versatile retail space in high-traffic Worcester location, ready for customization.
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    • $3,000 /Mo

      Prime Retail/Office Space Available

      1,700 sq ft commercial space ideal for retail/office/food business.
      488 Grafton St, Worcester, MA 01604
      View Details
    • $18 SF/Yr
      12,197 SF

      Worcester Commercial Space For Lease

      First floor suite with ample parking and great visibility.
      352 Belmont St, Worcester, MA 01604
      View Details
    • $18 SF/Yr
      3,348 SF

      Worcester Eastside Commercial Space Available

      Two-story commercial space for lease in Worcester's eastside.
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      View Details
    • Contact for pricing
      4,000 SF

      Retail/Office Space For Rent

      Retail and office spaces available in Worcester, Massachusetts.
      490 Shrewsbury St, Worcester, MA 01604
      View Details

    Property Visit Statistics

    • Visits by month
      621
    • Visitors by month
      942
    • Avg Time on site
      20 min
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    12 Lk Ave
    Worcester, MA 01604-5823
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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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