Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    46 Kenberma Rd Worcester, MA 01604-3924

    • Specialty properties
    • 4,394 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1717438
    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

    • Kenberma / Group Home

    Property Details for 46 Kenberma Rd

    Year built
    1970
    Construction
    FRAME
    Lot size
    0.49 lot acres
    Property size
    4,394 SF
    Zone code
    RL-7
    Property type
    Specialty properties
    APN
    WORC M:35 B:014 L:70-73
    APU
    WORCM35B014L7073

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $476,000
      Market price range: $157k - $650k
      AI Estimate
      $346,000
      Market price range: $119k - $614k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $445,000
      Current use
      COMMERCIAL (GENERAL)
      $485,000
      Change: +9% Conversion: Difficult
      WAREHOUSE, STORAGE
      $440,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7842
    Latitude
    42.2469
    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
    $0.00
    $314,100
    $319,100
    $633,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      1,822 SF

      414 Massasoit Rd

      CHARITABLE ORGANIZATION • 1,822 SF
      414 Massasoit Rd, Worcester, MA 01604-3546
      View Details
    • Value Estimation
      $265,000
      1,741 SF

      216 Massasoit Rd

      CHARITABLE ORGANIZATION • 1,741 SF
      216 Massasoit Rd, Worcester, MA 01604-3447
      View Details
    • Value Estimation
      $595,000
      29,127 SF

      125 Providence St

      CHARITABLE ORGANIZATION • 29,127 SF
      125 Providence St, Worcester, MA 01604-5412
      View Details
    • Value Estimation
      $105,000
      0.16 Acres

      521 Sunderland Rd

      CHARITABLE ORGANIZATION • 0.16 Acres
      521 Sunderland Rd, Worcester, MA 01604-1340
      View Details
    • Value Estimation
      $250,000
      8,268 SF

      181 Lk Ave

      CHARITABLE ORGANIZATION • 8,268 SF
      181 Lk Ave, Worcester, MA 01604-1137
      View Details
    • Value Estimation
      $305,000
      13,544 SF

      38 Winthrop St

      CHARITABLE ORGANIZATION • 13,544 SF
      38 Winthrop St, Worcester, MA 01604
      View Details

    Similar Nearby for Sale

    • $14,000,000

      Renovated 32-Unit Apartment Building

      Fully renovated 32-unit apartment building in prime location.
      22 Waverly St, Worcester, MA 01604
      View Details
    • $749,000
      4 SF

      Grafton Street Commercial Land Parcel

      4.5-acre commercial land parcel on heavily travelled Grafton Street.
      1059 Grafton St, Worcester, MA 01604
      View Details
    • $915,000

      Renovated Four-Family Property in Worcester

      Recently renovated four-family property with garage parking and separate utilities.
      7 Winthrop St, Worcester, MA 01604
      View Details
    • $530,000

      Worcester Three-Family with Parking

      Three-family property in Worcester with off-street parking.
      27 Lyon St, Worcester, MA 01604
      View Details
    • $800,000

      Turn-Key Worcester Three-Family Property

      Well-maintained three-family property with updates and income potential.
      3 Bowker St, Worcester, MA 01604
      View Details
    • $4,200,000

      Medical Office Building For Sale

      11,940 SF medical office building in retail corridor.
      267 Shrewsbury St, Worcester, MA 01604
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      113,926 SF

      Worcester Retail Space: Cove Development

      Prime 2,000 sq ft retail space in vibrant Canal District.
      89 Green St, Worcester, MA 01604
      View Details
    • $18 SF/Yr

      Prime Worcester Commercial Space Available

      14,000 sq ft corner lot ideal for various uses.
      333 Shrewsbury St, Worcester, MA 01604
      View Details
    • Contact for pricing
      4,000 SF

      Retail/Office Space For Rent

      Retail and office spaces available in Worcester, Massachusetts.
      490 Shrewsbury St, Worcester, MA 01604
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Worcester Center

      Retail space available in a busy, anchored shopping center.
      867-949 Grafton St, Worcester, MA 01604
      View Details
    • $35 SF/Yr
      2,000 SF

      Prime Corner Retail Space Available

      2,000 SF corner retail in vibrant Canal District.
      85-103 Green St, Worcester, MA 01604
      View Details
    • $7,850 /Mo

      Restaurant/Bar Space near Polar Park

      Former bar/restaurant space in Worcester's Canal District near Polar Park.
      97 Water St, Worcester, MA 01604
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 Kenberma Rd
    Worcester, MA 01604-3924
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.