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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    130 Blackstone Riv Rd Worcester, MA 01607-1489

    • Commercial real estate
    • 16,750 SF
    • 1.95 lot acres
    OFF-MARKET
    Last Sale
    Sep 07, 2023
    $1,425,000
    Value Estimations
    $1,580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0256377
    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

    • Jim's Towing & Hauling - Worcester County Towing & Roadside Assistance Company / Towing Service
    • Jim's Towing & Hauling Inc. / Towing Service / Auto Bodywork Mechanic

    Property Details for 130 Blackstone Riv Rd

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.95 lot acres
    Property size
    16,750 SF
    Zone code
    MG-2
    Property type
    Commercial real estate
    APN
    WORC M:29 B:041 L:00002
    APU
    WORCM29B041L00002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,475,000
      ML approach
      $1,410,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,755,000
      6.5%
      $1,620,000
      7%
      $1,505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,815,000
      Market price range: $1.17M - $2.54M
      AI Estimate
      $1,229,000
      Market price range: $702k - $1.98M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,840,000
      Current use
      RETAIL STORES
      $2,445,000
      Change: +33% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,115,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $2,090,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,010,000
      Change: +9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,680,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7902
    Latitude
    42.2284
    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
    2020
    $28,441
    $668,300
    $969,100
    $1,637,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $390,000
      1.70 Acres

      545 Cutoff

      COMMERCIAL (GENERAL) • 1.70 Acres
      545 Cutoff, Worcester, MA 01607-1766
      View Details
    • Value Estimation
      $540,000
      1.68 Acres

      280 Providence St

      COMMERCIAL (GENERAL) • 1.68 Acres
      280 Providence St, Worcester, MA 01607-1165
      View Details
    • Value Estimation
      $300,000
      4,560 SF

      9 Lenora St

      SHOW ROOM, WAREHOUSE • 4,560 SF
      9 Lenora St, Worcester, MA 01607-1431
      View Details
    • Value Estimation
      $325,000
      4,408 SF

      111 Mckeon Rd

      SHOW ROOM, WAREHOUSE • 4,408 SF
      111 Mckeon Rd, Worcester, MA 01607-1028
      View Details
    • Value Estimation
      $440,000
      10,080 SF

      1075 Millbury St

      SHOW ROOM, WAREHOUSE • 10,080 SF
      1075 Millbury St, Worcester, MA 01607-1495
      View Details
    • Value Estimation
      $585,000
      16.43 Acres

      195 Granite St

      COMMERCIAL (GENERAL) • 16.43 Acres
      195 Granite St, Worcester, MA 01607
      View Details

    Similar Nearby for Sale

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      6.25 Acres

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    • $2,950,000

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    • $410,000

      Worcester Property Requiring Renovation

      Fire-damaged property requiring complete renovation, sold as-is.
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    • Contact for pricing
      2 SF

      Corner Lot Near Route 146

      2.4-acre corner lot ideal for retail or restaurant.
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    • $499,000

      Established Machine Shop with Real Estate

      Thriving machine shop with real estate and equipment for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      44,752 SF

      Worcester Industrial Property for Lease

      37.95-acre industrial property with multiple buildings available for lease.
      267 Granite St, Worcester, MA 01607
      View Details
    • $7 SF/Yr
      42,442 SF

      Industrial Warehouse Space with Docks

      Industrial warehouse space featuring loading docks and ample parking.
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      View Details
    • $1,250 /Mo
      1,200 SF

      Retail/Office/Industrial Space with Garage Door

      Commercial space for lease with high ceilings and convenient location.
      9 Halmstad St, Worcester, MA 01607
      View Details
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    130 Blackstone Riv Rd
    Worcester, MA 01607-1489
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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