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    Property profile & analytics

    1350 Main St Worcester, MA 01603-1550

    • Assisted living facilities
    • 42,873 SF
    • 1.84 lot acres
    OFF-MARKET
    Value Estimation
    $9,445,000
    Last Sale
    Jan 05, 2022
    $11,041,270
    Location Intelligence
    Property ID
    US38-1398990
    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

    • Parsons Hill Rehabilitation & Health Care Center / Nursing Home

    Property Details for 1350 Main St

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.84 lot acres
    Property size
    42,873 SF
    Zone code
    BL-1
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    WORC M:15 B:007 L:00005
    APU
    WORCM15B007L00005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,040,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,960,000
      6.5%
      $11,460,000
      7%
      $11,375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,215,000
      Geo Method
      $12,560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,575,000
      Retail
      $9,950,000
      Mixed-Use
      $10,535,000
      Hospitality
      $9,845,000
      Educational
      $8,585,000
      Residential Income
      $9,315,000
      Energy
      $11,135,000
      Income-Based Land
      $11,110,000
      Food Service
      $9,385,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8504
    Latitude
    42.2416
    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
    $92,526
    $979,800
    $2,100,300
    $3,080,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      15,242 SF

      16 Marble St

      HOMES (RETIRED, NURSING) • 15,242 SF
      16 Marble St, Worcester, MA 01603-2405
      View Details
    • Value Estimation by Request
      7,200 SF

      190 Fremont St

      Medical offices • 7,200 SF
      190 Fremont St, Worcester, MA 01603
      View Details
    • Value Estimation by Request

      49 James St

      Land
      49 James St, Worcester, MA 01603
      View Details
    • Value Estimation by Request
      0.20 Acres

      14 Genessee St

      INDUSTRIAL - VACANT LAND • 0.20 Acres
      14 Genessee St, Worcester, MA 01603-1308
      View Details
    • Value Estimation by Request
      0.20 Acres

      32 Genessee St

      INDUSTRIAL - VACANT LAND • 0.20 Acres
      32 Genessee St, Worcester, MA 01603-1308
      View Details
    • Value Estimation by Request
      14.66 Acres

      68 Stafford St

      COMMERCIAL (GENERAL) • 14.66 Acres
      68 Stafford St, Worcester, MA 01603-1450
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Outdoor Storage Land

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      Commercial land for rent with drive-thru and pylon signage.
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    • Contact for pricing
      68,966 SF

      Worcester Retail Space Available

      Retail space available for lease in Worcester, Massachusetts.
      50 Cambridge St, Worcester, MA 01603
      View Details
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    1350 Main St
    Worcester, MA 01603-1550
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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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