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    Property profile & analytics

    29 Chestnut St Worcester, MA 01609-2819

    • Investment properties
    • 4,930 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US38-0737925
    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

    • Richard N Eid Insurance / Insurance Agency

    Property Details for 29 Chestnut St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    4,930 SF
    Zone code
    BO-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WORC M:02 B:032 L:00012
    APU
    WORCM02B032L00012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $325,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $350,000
      Mixed-Use
      $340,000
      Hospitality
      $365,000
      Educational
      $375,000
      Residential Income
      $300,000
      Energy
      $395,000
      Income-Based Land
      $355,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8041
    Latitude
    42.2667
    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
    $0.00
    $182,900
    $208,600
    $391,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,175 SF

      7 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,175 SF
      7 State St, Worcester, MA 01609-2845
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    • Value Estimation by Request
      19,765 SF

      295 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 19,765 SF
      295 Pleasant St, Worcester, MA 01609-2023
      View Details
    • Value Estimation by Request
      15,824 SF

      93 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 15,824 SF
      93 Pleasant St, Worcester, MA 01609-3230
      View Details
    • Value Estimation by Request
      291,410 SF

      101 Barry Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 291,410 SF
      101 Barry Rd, Worcester, MA 01609-1273
      View Details
    • Value Estimation by Request
      5,562 SF

      235 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,562 SF
      235 Park Ave, Worcester, MA 01609-1965
      View Details
    • Value Estimation
      $315,000
      4,617 SF

      4 Dean St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,617 SF
      4 Dean St, Worcester, MA 01609-2798
      View Details

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    Similar Nearby for Lease

    • $2,999 /Mo

      Worcester Retail/Office Space Available

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      Customizable office space in downtown Worcester with parking and easy access.
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      26,117 SF

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      Modern office suites, coworking spaces.
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    • $3,000 /Mo

      Office Space with Conference Room

      Office suite with kitchen, conference room, utilities, and parking.
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    • $750 /Mo

      Professional Shared Office Facility

      Shared office facility with included amenities and flexible lease terms.
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    • Contact for pricing
      7,019 SF

      Worcester Warehouse: 7,019 SF

      Spacious Worcester warehouse, ideal for retail/industrial use.
      462 Pleasant St, Worcester, MA 01609
      View Details
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    29 Chestnut St
    Worcester, MA 01609-2819
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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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