Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    293 Main St Webster, MA 01570-2213

    • Investment properties
    • 9,544 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-2246855
    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

    • Webster's Choice Barber Shop / Barber Shop

    Property Details for 293 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    9,544 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WEBS M:1 B:G P:8
    APU
    WEBSM1BGP8

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $656,000
      Market price range: $229k - $849k
      AI Estimate
      $693,000
      Market price range: $315k - $936k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $575,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,205,000
      Change: +109% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,145,000
      Change: +98% Conversion: Moderate
      WAREHOUSE, STORAGE
      $960,000
      Change: +66% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8818
    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
    $9,105
    $99,500
    $648,000
    $747,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.79 Acres

      929 School St

      OFFICE/RESIDENTIAL (MIXED USE) • 3.79 Acres
      929 School St, Webster, MA 01570-3028
      View Details
    • Value Estimation by Request
      2.22 Acres

      8th Wakefield St

      OFFICE/RESIDENTIAL (MIXED USE) • 2.22 Acres
      8th Wakefield St, Webster, MA 01570-2312
      View Details
    • Value Estimation
      $2,400,000
      2,390 SF

      106 Douglas Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,390 SF
      106 Douglas Rd, Webster, MA 01570-3202
      View Details
    • Value Estimation by Request
      0.66 Acres

      17 Harrys Way

      OFFICE/RESIDENTIAL (MIXED USE) • 0.66 Acres
      17 Harrys Way, Webster, MA 01570
      View Details
    • Value Estimation by Request
      2,336 SF

      2 Cranberry Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,336 SF
      2 Cranberry Rd, Webster, MA 01570-2997
      View Details
    • Value Estimation by Request
      0.39 Acres

      11 Crown St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.39 Acres
      11 Crown St, Webster, MA 01570-4330
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,001 SF

      Renovated Mixed-Use Webster Property

      Fully renovated mixed-use property with restaurant and apartment.
      175 Main St, Webster, MA 01570
      View Details
    • Contact for pricing

      Two Buildings with Detached Garage

      Two buildings near Webster center with detached garage.
      13 5Th Ave, Webster, MA 01570
      View Details
    • $825,000
      0.34 Acres

      Webster Commercial Land Opportunity

      Prime 0.34-acre lot, 30,400 sq ft, development plans.
      12 Day St, Webster, MA 01570
      View Details
    • Contact for pricing

      Wooded Lot Near Webster Lake

      Versatile land parcel near Webster Lake, suitable for residential or commercial.
      Thompson Rd, Webster, MA 01570
      View Details
    • Contact for pricing

      Webster Multifamily Investment Opportunity

      Six-unit property with income and renovation potential in Webster, MA.
      18 Granite St, Webster, MA 01570
      View Details
    • $475,000

      Charming Duplex with Historic Character

      Family-owned 1905 duplex with original features and modern updates.
      14 Hill St, Webster, MA 01570
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Webster Industrial Space with Office

      Industrial space with office component, near I-395 in Webster, MA.
      82 Worcester Rd, Webster, MA 01570
      View Details
    • Contact for pricing
      57,000 SF

      Webster Plaza Retail/Distribution Space

      57,000 SF retail or distribution space with highway access.
      78-82 Worcester Rd, Webster, MA 01570
      View Details
    • $15 SF/Yr
      19,000 SF

      Versatile Commercial Space in Webster

      Subdividable 19,000 SF building suitable for office, retail, medical use.
      1 N Main St, Webster, MA 01570
      View Details
    • Contact for pricing

      Restaurant and Bar Ready to Go

      7,000 SF furnished restaurant and bar with full liquor license.
      290 Thompson Rd, Webster, MA 01570
      View Details
    • Contact for pricing
      200,000 SF

      Webster Plaza Retail Space Available

      Retail space for lease in Webster Plaza shopping center.
      70 Worcester Rd, Webster, MA 01570
      View Details
    • $12 SF/Yr
      18,372 SF

      Webster Warehouse Space Available

      Warehouse space for lease featuring a loading dock.
      35 Thompson Rd, Webster, MA 01570
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    293 Main St
    Webster, MA 01570-2213
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!