Property profile

41 Lancaster St Worcester, MA 01609

OFF-MARKET
Showrooms
Property ID
US38-0260838
5,138 SF 0.27 ac lot Built 2012
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2012
Construction FRAME
Total area 5,138 SF
Lot 0.27 ac (11,693 SF)
Zoning code BL-1
APN WORC M:02 B:043 L:00095
UPID US38-0260838

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
  • Dental Office
  • Dental Office
  • Courier Service Postal Service
  • Dental Office

Location

41 Lancaster St Worcester, MA 01609-2717
Worcester metro Census 731602 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
$866k
Blend (final) Blend
$690k

Owner & transaction history

since 2010
4 recorded transactions
2011
Price N/A
2010
$250,000
2006
$475,000
2006
$1

Zoning & alternative use

BL-1 · Worcester, MA
Top alternative use upside
Restaurant $1.1M +71.3%
Auto repair, garage $880,000 +40.7%
Retail stores $750,000 +20.3%

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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