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    Property profile & analytics

    1605 Main St Leicester, MA 01524-1916

    • Commercial land
    • 1,090 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 28, 2022
    $1,150,000
    Location Intelligence
    Property ID
    US38-0018036
    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

    • Commercial land

    Property Details for 1605 Main St

    Year built
    1915
    Construction
    WOOD FRAME
    Lot size
    0.63 lot acres
    Property size
    1,090 SF
    Zone code
    HB1
    Property type
    Commercial land
    APN
    LEIC M:18A B:0000A15 L:0
    APU
    LEICM18AB0000A15L0

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9378
    Latitude
    42.2472
    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
    $1,953
    $155,600
    $0.00
    $155,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      1122 Main St

      VACANT COMMERCIAL LAND • 2.00 Acres
      1122 Main St, Leicester, MA 01524-1349
      View Details
    • Value Estimation by Request
      0.13 Acres

      Pleasant St

      VACANT COMMERCIAL LAND • 0.13 Acres
      Pleasant St, Leicester, MA 01524
      View Details
    • Value Estimation by Request
      9.83 Acres

      1439 Main St

      VACANT COMMERCIAL LAND • 9.83 Acres
      1439 Main St, Leicester, MA 01524-1911
      View Details
    • Value Estimation by Request
      0.89 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.89 Acres
      Main St, Leicester, MA 01524
      View Details
    • Value Estimation by Request
      0.21 Acres

      Douglas Dr

      VACANT COMMERCIAL LAND • 0.21 Acres
      Douglas Dr, Leicester, MA 01524
      View Details
    • Value Estimation by Request
      5.44 Acres

      1355 Main St

      VACANT COMMERCIAL LAND • 5.44 Acres
      1355 Main St, Leicester, MA 01524-1911
      View Details

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      Leicester Commercial Land - $1M

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      Route 9 Leicester Commercial Land

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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Leicester Land for Lease

      1.13 AC land for lease on Route 9/Main Street.
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      1,300 SF

      Leicester Retail Space - Main Street

      Prime 1,300 SF Retail Space, Waterfront Access
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    • Contact for pricing
      60,000 SF

      New Mixed-Use Development Retail Space

      Retail space available in a new mixed-use development.
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      2,400 SF

      Retail Space in Mixed-Use Development

      Retail and restaurant spaces available in Leicester, Massachusetts.
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      267,000 SF

      Leicester Warehouse Space Available

      267,000 sq ft warehouse/distribution space in Leicester, MA.
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      2,100 SF

      Retail Space Near Walmart

      Retail space for rent, located across from Walmart.
      1603 Main St, Leicester, MA 01524
      View Details
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    1605 Main St
    Leicester, MA 01524-1916
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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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