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    Property profile & analytics

    267 Main St, Unit 283 Webster, MA 01570-2213

    • Investment properties
    • 32,709 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $70,000
    Last Sale
    Nov 13, 2024
    $64,000
    Location Intelligence
    Property ID
    US38-1610397
    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

    • El Morro Bar and Grill / Spanish Restaurant

    Property Details for 267 Main St

    Year built
    1910
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.35 lot acres
    Property size
    32,709 SF
    Zone code
    GB-4 W
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WEBS M:1 B:G P:7
    APU
    WEBSM1BGP7

    Description

    This exceptional business opportunity presents the chance to acquire a thriving Latin fusion restaurant, El Morro Bar and Grill, situated at 267 Main Street in the heart of Webster, MA. The restaurant boasts a fully equipped kitchen and a valid liquor license, ensuring a seamless transition for a new owner. Located in a high-traffic commercial area, the property enjoys excellent visibility and ample parking, both on and off-street. The casual dining atmosphere is complemented by comfortable seating for 40 patrons inside and an additional 12 seats on the outdoor patio during warmer months. The 0.34-acre lot provides convenient access and a welcoming presence for customers. This turnkey operation is ideal for experienced restaurateurs seeking an established business or investors looking for a lucrative venture in a vibrant downtown location. The existing infrastructure and loyal customer base provide a solid foundation for continued success and growth. All equipment is included in the sale price of $125,000. This is a rare opportunity to own a well-established restaurant in a prime location with significant potential for increased profitability. Don't miss out on this chance to own a piece of Webster's thriving culinary scene. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $65,000

    • CAP approach

      CAP return
      Estimation
      6%
      $90,000
      6.5%
      $85,000
      7%
      $85,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $85,000
      Geo Method
      $90,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $80,000
      Retail
      $75,000
      Mixed-Use
      $80,000
      Hospitality
      $95,000
      Educational
      $70,000
      Residential Income
      $95,000
      Energy
      $95,000
      Income-Based Land
      $70,000
      Food Service
      $85,000

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8821
    Latitude
    42.0497
    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
    $20,115
    $96,900
    $1,554,600
    $1,651,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,294 SF

      118 Main St, Unit 120

      OFFICE/RESIDENTIAL (MIXED USE) • 10,294 SF
      118 Main St, Webster, MA 01570-5205
      View Details
    • Value Estimation
      $535,000
      0.58 Acres

      11 Hartley St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.58 Acres
      11 Hartley St, Webster, MA 01570-1603
      View Details
    • Value Estimation
      $255,000
      0.28 Acres

      55th Lk St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.28 Acres
      55th Lk St, Webster, MA 01570-2611
      View Details
    • Value Estimation by Request
      5,186 SF

      138 Lk St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,186 SF
      138 Lk St, Webster, MA 01570-2024
      View Details
    • Value Estimation
      $375,000
      6,841 SF

      76 Lk St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,841 SF
      76 Lk St, Webster, MA 01570-2065
      View Details
    • Value Estimation
      $315,000
      4,878 SF

      443 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,878 SF
      443 Main St, Webster, MA 01570-5206
      View Details

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    Similar Nearby for Lease

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    267 Main St, Unit 283
    Webster, MA 01570-2213
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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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