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    Property profile & analytics

    142 Southbridge St Worcester, MA 01608-2010

    • Retail space
    • 14,850 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Location Intelligence
    Property ID
    US38-0681861
    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

    • Union Music / Used Musical Instrument Store / Musical Instrument Store
    • CMacJ Music Group / Musician

    Property Details for 142 Southbridge St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    14,850 SF
    Zone code
    BG-6
    Property type
    Retail space
    APN
    WORC M:03 B:006 L:00013
    APU
    WORCM03B006L00013

    Description

    This exceptional retail space, located at 142 Southbridge Street in Worcester, Massachusetts, presents a unique investment opportunity. The property boasts a total of 4,300 square feet, all currently vacant, within a single, two-story building constructed in 1920. The building sits on a 0.24-acre lot and offers five parking spaces. The open floor plan and unique layout provide considerable flexibility for a variety of commercial uses. Its prime location in a high-traffic area ensures excellent visibility and accessibility. The property is zoned BG-6 within Worcester County and is conveniently situated near public transportation, surrounded by other thriving businesses. This is an ideal space for a business seeking to establish or expand its presence in a vibrant urban setting. The building's character and history offer a unique opportunity to create a memorable commercial space. The entire 4,300 square feet is available for lease, presenting a blank canvas for a new tenant to customize and develop. The zip code is 01608.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $405,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $375,000
      Mixed-Use
      $340,000
      Hospitality
      $465,000
      Educational
      $415,000
      Residential Income
      $450,000
      Energy
      $470,000
      Income-Based Land
      $360,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8036
    Latitude
    42.2577
    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
    $20,755
    $183,100
    $507,800
    $690,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      9,737 SF

      114 Southbridge St

      RETAIL STORES (PERSONAL SERVICES) • 9,737 SF
      114 Southbridge St, Worcester, MA 01608-2010
      View Details
    • Value Estimation
      $675,000
      23,802 SF

      204 Main St

      RETAIL STORES (PERSONAL SERVICES) • 23,802 SF
      204 Main St, Worcester, MA 01608-1234
      View Details
    • Value Estimation
      $330,000
      8,400 SF

      517 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      517 Main St, Worcester, MA 01608-1828
      View Details
    • Value Estimation
      $415,000
      2,496 SF

      75 Madison St

      RETAIL STORES (PERSONAL SERVICES) • 2,496 SF
      75 Madison St, Worcester, MA 01608-2004
      View Details
    • Value Estimation
      $3,450,000
      9,834 SF

      90 Thomas St

      RETAIL STORES (PERSONAL SERVICES) • 9,834 SF
      90 Thomas St, Worcester, MA 01608
      View Details
    • Value Estimation
      $405,000
      5,271 SF

      646 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,271 SF
      646 Main St, Worcester, MA 01608-2021
      View Details

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    Similar Nearby for Lease

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    Worcester, MA 01608-2010
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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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