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    Property profile & analytics

    418 Main St Worcester, MA 01608-1755

    • Office buildings
    • 22,950 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $635,000
    Location Intelligence
    Property ID
    US38-1879186
    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

    • Child Development & Education / Day Care Center
    • Envoy Mortgage / Mortgage Lender
    • Revelatus Specialized Accounting & Consulting / Consultant
    • Kressler Ehrhard PC / Attorney
    • Iglesia De Dios Pentecostal M.I. La Roca / Church

    Property Details for 418 Main St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    22,950 SF
    Zone code
    BG-6
    Property type
    Office buildings
    APN
    WORC M:03 B:031 L:008+9
    APU
    WORCM03B031L0089

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $550,000
      6.5%
      $615,000
      7%
      $610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $625,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $620,000
      Retail
      $625,000
      Mixed-Use
      $605,000
      Hospitality
      $595,000
      Educational
      $670,000
      Residential Income
      $520,000
      Energy
      $630,000
      Income-Based Land
      $510,000
      Food Service
      $540,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8024
    Latitude
    42.2637
    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
    $41,065
    $256,300
    $1,110,700
    $1,367,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,986 SF

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      OFFICE BUILDING • 10,986 SF
      165 Southbridge St, Worcester, MA 01608-2045
      View Details
    • Value Estimation by Request
      37,477 SF

      49 Un St

      OFFICE BUILDING • 37,477 SF
      49 Un St, Worcester, MA 01608-1112
      View Details
    • Value Estimation by Request
      53,784 SF

      306 Main St

      OFFICE BUILDING • 53,784 SF
      306 Main St, Worcester, MA 01608-1550
      View Details
    • Value Estimation by Request
      275,319 SF

      100 Frnt St

      OFFICE BUILDING • 275,319 SF
      100 Frnt St, Worcester, MA 01608-1425
      View Details
    • Value Estimation by Request
      218,422 SF

      90 Frnt St

      OFFICE BUILDING • 218,422 SF
      90 Frnt St, Worcester, MA 01608-1403
      View Details
    • Value Estimation by Request
      14,727 SF

      269 Main St

      OFFICE BUILDING • 14,727 SF
      269 Main St, Worcester, MA 01608
      View Details

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    Similar Nearby for Lease

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      5,092 SF

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      Prime office space in Worcester's Central Business District.
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      35,000 SF

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      25,649 SF

      Downtown Worcester Office Space Available

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      View Details
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    418 Main St
    Worcester, MA 01608-1755
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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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