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    Property profile & analytics

    2 Mercantile St Worcester, MA 01608-3101

    • Commercial land
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1931561
    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

    • The Mercantile / Restaurant

    Property Details for 2 Mercantile St

    Lot size
    0.19 lot acres
    Zone code
    BG-6
    Property type
    Commercial land
    APN
    WORC M:02 B:23B L:0I-C5
    APU
    WORCM02B23BL0IC5

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7982
    Latitude
    42.2637
    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
    $27,015
    $895,900
    $3,400
    $899,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      2 Plymouth St

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      2 Plymouth St, Worcester, MA 01608-2121
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      1.69 Acres

      5 Salem Sq

      VACANT COMMERCIAL LAND • 11,300 SF
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      0.12 Acres

      55 Lamartine St

      VACANT COMMERCIAL LAND • 0.12 Acres
      55 Lamartine St, Worcester, MA 01608-2111
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      0.09 Acres

      30 Lodi St

      VACANT COMMERCIAL LAND • 0.09 Acres
      30 Lodi St, Worcester, MA 01608-2118
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    • Value Estimation by Request
      0.20 Acres

      112 Beacon St

      VACANT COMMERCIAL LAND • 0.20 Acres
      112 Beacon St, Worcester, MA 01608-2216
      View Details
    • Value Estimation by Request
      0.25 Acres

      193 Southbridge St

      VACANT COMMERCIAL LAND • 0.25 Acres
      193 Southbridge St, Worcester, MA 01608-2045
      View Details

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    Request Owner's contact information
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    2 Mercantile St
    Worcester, MA 01608-3101
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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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