Property profile

305 Belmont St Worcester, MA 01604

OFF-MARKET
Industrial land
Property ID
US38-0300294
34,752 SF 2.76 ac lot Built 1957
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1957
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,752 SF
Lot 2.76 ac (120,094 SF)
Zoning code RL-7
APN WORC M:57 B:004 L:B1-04
UPID US38-0300294

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Physician
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

305 Belmont St Worcester, MA 01604-1681
Worcester metro Census 732002 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$580k
Blend (final) Blend
$880k

Owner & transaction history

Zoning & alternative use

RL-7 · Worcester, MA
Zoning description

The purpose of the RL-7 is the promotion of residential uses and related uses

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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