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    Property profile & analytics

    391 Park Ave Worcester, MA 01610-1026

    • Retail space
    • 5,216 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $1,200,000
    Last Sale
    Aug 11, 2023
    $1,300,000
    Location Intelligence
    Property ID
    US38-2429172
    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

    • Rotti's Power Equipment / Lawn Mower Store

    Property Details for 391 Park Ave

    Year built
    1890
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property size
    5,216 SF
    Zone code
    BG-3
    Property type
    Retail space
    APN
    WORC M:06 B:022 L:00005
    APU
    WORCM06B022L00005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,025,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,190,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,385,000
      Geo Method
      $1,295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,125,000
      Retail
      $1,255,000
      Mixed-Use
      $1,560,000
      Hospitality
      $1,390,000
      Educational
      $1,355,000
      Residential Income
      $1,555,000
      Energy
      $1,530,000
      Income-Based Land
      $1,500,000
      Food Service
      $1,530,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8222
    Latitude
    42.2579
    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
    $11,421
    $156,700
    $223,500
    $380,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,930,000
      10,220 SF

      30 Millbury St

      RETAIL STORES (PERSONAL SERVICES) • 10,220 SF
      30 Millbury St, Worcester, MA 01610-2814
      View Details
    • Value Estimation
      $1,105,000
      7,165 SF

      397 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,165 SF
      397 Park Ave, Worcester, MA 01610
      View Details
    • Value Estimation
      $455,000
      2,660 SF

      385 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,660 SF
      385 Park Ave, Worcester, MA 01610-1026
      View Details
    • Value Estimation by Request
      8,841 SF

      453 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,841 SF
      453 Park Ave, Worcester, MA 01610-1226
      View Details
    • Value Estimation by Request
      9,325 SF

      1023 Southbridge St

      RETAIL STORES (PERSONAL SERVICES) • 9,325 SF
      1023 Southbridge St, Worcester, MA 01610-3698
      View Details
    • Value Estimation
      $410,000
      14,658 SF

      574 Southbridge St

      RETAIL STORES (PERSONAL SERVICES) • 14,658 SF
      574 Southbridge St, Worcester, MA 01610-1722
      View Details

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    Similar Nearby for Lease

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      Retail space suitable for various businesses on Park Ave.
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      Versatile space suitable for retail, office, or service businesses.
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      5,000 SF

      Medical/Office Building Near Hospitals

      Three-story, 15,000 SF medical/office building for lease.
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    391 Park Ave
    Worcester, MA 01610-1026
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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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