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    Property profile & analytics

    223 Mechanic St Southbridge, MA 01550

    • Investment properties
    • 4,612 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $170,000
    Last Sale
    Jul 12, 2021
    $180,000
    Location Intelligence
    Property ID
    US38-1695266
    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

    • Investment properties

    Property Details for 223 Mechanic St

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    4,612 SF
    Zone code
    GB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SBRI M:0030 B:0124 L:00001
    APU
    SBRIM0030B0124L00001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $155,000
      6.5%
      $170,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $145,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $175,000
      Mixed-Use
      $150,000
      Hospitality
      $180,000
      Educational
      $150,000
      Residential Income
      $195,000
      Energy
      $200,000
      Income-Based Land
      $165,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0278
    Latitude
    42.0796
    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
    $4,332
    $55,800
    $228,100
    $283,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.48 Acres

      736 Worcester St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.48 Acres
      736 Worcester St, Southbridge, MA 01550-1385
      View Details
    • Value Estimation by Request
      9.89 Acres

      199 Durfee St

      OFFICE/RESIDENTIAL (MIXED USE) • 9.89 Acres
      199 Durfee St, Southbridge, MA 01550-2301
      View Details
    • Value Estimation
      $450,000
      6,630 SF

      19 Everett St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,630 SF
      19 Everett St, Southbridge, MA 01550-2869
      View Details
    • Value Estimation
      $430,000
      9,384 SF

      327 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,384 SF
      327 Main St, Southbridge, MA 01550
      View Details
    • Value Estimation
      $340,000
      5,214 SF

      36 Hamilton St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,214 SF
      36 Hamilton St, Southbridge, MA 01550-3706
      View Details
    • Value Estimation by Request
      0.28 Acres

      347 Hamilton St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.28 Acres
      347 Hamilton St, Southbridge, MA 01550
      View Details

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    Similar Nearby for Lease

    • $300 /Mo

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      Office space in a refurbished schoolhouse with included utilities.
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    • $22 SF/Yr
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      Southbridge Office Space Available

      First-class office space with amenities in downtown Southbridge.
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      View Details
    • Contact for pricing
      34,150 SF

      Southbridge Industrial Space for Lease

      13,000 SF industrial space suitable for flex, warehousing, storage.
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      Refurbished Schoolhouse Commercial Space

      Commercial or lab space in a refurbished schoolhouse for rent.
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      View Details
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    223 Mechanic St
    Southbridge, MA 01550
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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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