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    Property profile & analytics

    374 Belmont St Worcester, MA 01604-1028

    • Office buildings
    • 2,506 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $1,120,000
    Last Sale
    Nov 13, 2020
    $850,000
    Location Intelligence
    Property ID
    US38-1043796
    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

    • Universal Insurance Agency Inc / Home Insurance Agency / Insurance Agency

    Property Details for 374 Belmont St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    2,506 SF
    Zone code
    BL-1
    Property type
    Office buildings
    APN
    WORC M:17 B:011 L:00008
    APU
    WORCM17B011L00008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $820,000
      7%
      $865,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $930,000
      Geo Method
      $940,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $720,000
      Retail
      $790,000
      Mixed-Use
      $860,000
      Hospitality
      $835,000
      Educational
      $780,000
      Residential Income
      $845,000
      Energy
      $860,000
      Income-Based Land
      $675,000
      Food Service
      $720,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7634
    Latitude
    42.2737
    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
    $9,658
    $83,900
    $237,600
    $321,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12,915 SF

      416 Belmont St

      OFFICE BUILDING • 12,915 SF
      416 Belmont St, Worcester, MA 01604-1086
      View Details
    • Value Estimation by Request
      7,200 SF

      352 Belmont St

      OFFICE BUILDING • 7,200 SF
      352 Belmont St, Worcester, MA 01604-1008
      View Details
    • Value Estimation by Request
      81,732 SF

      306 Belmont St

      OFFICE BUILDING • 81,732 SF
      306 Belmont St, Worcester, MA 01604-1004
      View Details
    • Value Estimation
      $1,345,000
      9,397 SF

      179 Shrewsbury St

      OFFICE BUILDING • 9,397 SF
      179 Shrewsbury St, Worcester, MA 01604-4617
      View Details
    • Value Estimation
      $2,360,000
      21,381 SF

      172 Shrewsbury St

      OFFICE BUILDING • 21,381 SF
      172 Shrewsbury St, Worcester, MA 01604-4636
      View Details
    • Value Estimation by Request
      6,757 SF

      358 Shrewsbury St

      OFFICE BUILDING • 6,757 SF
      358 Shrewsbury St, Worcester, MA 01604-4664
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      10,825 SF

      Medical Facility Near UMass Chan

      Medical office space available near UMass Chan Medical School.
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    • Contact for pricing
      4,000 SF

      Retail/Office Space For Rent

      Retail and office spaces available in Worcester, Massachusetts.
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      View Details
    • $25 SF/Yr
      3,648 SF

      Shrewsbury Street Executive Office Space

      Prime Worcester location, 3,648 sq ft.
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    • Contact for pricing
      9,500 SF

      Worcester Warehouse and Office Space

      21,000 SF warehouse with 3,480 SF office space.
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      View Details
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    374 Belmont St
    Worcester, MA 01604-1028
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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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