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    Property profile & analytics

    227 Harvard Rd Lancaster, MA 01523-2504

    • Investment properties
    • 3,814 SF
    • 1.97 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Last Sale
    Jun 06, 2022
    $200,000
    Location Intelligence
    Property ID
    US38-1641105
    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 227 Harvard Rd

    Year built
    2020
    Construction
    BRICK
    Lot size
    1.97 lot acres
    Property size
    3,814 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    LANC M:034.0 B:0000 L:0114.0
    APU
    LANCM0340B0000L01140

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6689
    Latitude
    42.4602
    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
    $13,512
    $120,700
    $653,200
    $773,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $365,000
      3,584 SF

      56 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,584 SF
      56 Main St, Lancaster, MA 01523-2800
      View Details
    • Value Estimation
      $480,000
      7,834 SF

      12 Old Cmn Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,834 SF
      12 Old Cmn Rd, Lancaster, MA 01523-2201
      View Details
    • Value Estimation
      $330,000
      1,546 SF

      67 Harvard Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,546 SF
      67 Harvard Rd, Lancaster, MA 01523-2501
      View Details
    • Value Estimation
      $360,000
      1,970 SF

      769 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,970 SF
      769 Main St, Lancaster, MA 01523-2248
      View Details
    • Value Estimation
      $320,000
      4,868 SF

      240 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,868 SF
      240 Main St, Lancaster, MA 01523-2852
      View Details
    • Value Estimation
      $450,000
      2,664 SF

      387 Sterling St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,664 SF
      387 Sterling St, Lancaster, MA 01523-1843
      View Details

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    227 Harvard Rd
    Lancaster, MA 01523-2504
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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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