Property profile

154 Main St Worcester, MA 01608

OFF-MARKET
Investment properties
Property ID
US38-1093712
14,652 SF 0.39 ac lot Built 1869
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1869
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,652 SF
Lot 0.39 ac (16,984 SF)
Zoning code BG-6
APN WORC M:02 B:028 L:16+21
UPID US38-1093712

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

154 Main St Worcester, MA 01608
Worcester metro Census 731700 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.22M
Blend (final) Blend
$1.62M

Owner & transaction history

since 2018
3 recorded transactions
2023
Price N/A
2019
Price N/A
2018
$442,000

Zoning & alternative use

BG-6 · Worcester, MA
Top alternative use upside
Auto repair, garage $2.5M +55.4%
Retail stores $2.1M +32.8%
Neighborhood: shopping center $1.9M +14.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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