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    Property profile & analytics

    2 Sherman St Worcester, MA 01610-2314

    • Showrooms
    • 38,180 SF
    • 2.08 lot acres
    OFF-MARKET
    Value Estimation
    $1,530,000
    Last Sale
    Oct 18, 2022
    $1,754,643
    Location Intelligence
    Property ID
    US38-2294417
    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

    • ABC Supply Co. Inc. / Wholesaler / Building Materials Store

    Property Details for 2 Sherman St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.08 lot acres
    Property size
    38,180 SF
    Zone code
    MG-2
    Property type
    Showrooms
    APN
    WORC M:07 B:038 L:10-23
    APU
    WORCM07B038L1023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,435,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,775,000
      6.5%
      $1,920,000
      7%
      $1,745,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,950,000
      Geo Method
      $1,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,975,000
      Retail
      $1,760,000
      Mixed-Use
      $2,000,000
      Hospitality
      $2,185,000
      Educational
      $1,600,000
      Residential Income
      $2,200,000
      Energy
      $1,900,000
      Income-Based Land
      $1,870,000
      Food Service
      $1,680,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8069
    Latitude
    42.2435
    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
    $55,859
    $739,400
    $1,120,100
    $1,859,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      24,044 SF

      636 Cambridge St

      SHOW ROOM, WAREHOUSE • 24,044 SF
      636 Cambridge St, Worcester, MA 01610
      View Details
    • Value Estimation
      $145,000
      5,390 SF

      3 King St

      SHOW ROOM, WAREHOUSE • 5,390 SF
      3 King St, Worcester, MA 01610-2418
      View Details
    • Value Estimation by Request
      93,200 SF

      19 Mckeon Rd

      SHOW ROOM, WAREHOUSE • 93,200 SF
      19 Mckeon Rd, Worcester, MA 01610-2325
      View Details
    • Value Estimation
      $615,000
      22,534 SF

      26 Colton St

      SHOW ROOM, WAREHOUSE • 22,534 SF
      26 Colton St, Worcester, MA 01610-2643
      View Details
    • Value Estimation
      $325,000
      2,400 SF

      75th Hammond St

      SHOW ROOM, WAREHOUSE • 2,400 SF
      75th Hammond St, Worcester, MA 01610-1723
      View Details
    • Value Estimation
      $750,000
      32,640 SF

      3 Brussels St

      SHOW ROOM, WAREHOUSE • 32,640 SF
      3 Brussels St, Worcester, MA 01610-3696
      View Details

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    2 Sherman St
    Worcester, MA 01610-2314
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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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