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    Property profile & analytics

    48 Elm St Worcester, MA 01609-2541

    • Showrooms
    • 16,598 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    $1,500,000
    Last Sale
    Feb 03, 2022
    $1,650,000
    Location Intelligence
    Property ID
    US38-0911634
    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

    • Wilson Yushan Lisa MD / Otolaryngologist
    • Tevyah J Dines / Endodontist
    • Susan Foley / Audiologist
    • Michelle Fleck / Audiologist
    • Dr. Tevyah Dines / Endodontist

    Property Details for 48 Elm St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.10 lot acres
    Property size
    16,598 SF
    Zone code
    BO-1
    Property type
    Showrooms
    APN
    WORC M:03 B:029 L:004+9
    APU
    WORCM03B029L0049

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,720,000
      6.5%
      $1,685,000
      7%
      $1,845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,815,000
      Geo Method
      $1,935,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,915,000
      Retail
      $1,820,000
      Mixed-Use
      $1,565,000
      Hospitality
      $1,870,000
      Educational
      $1,750,000
      Residential Income
      $1,670,000
      Energy
      $1,705,000
      Income-Based Land
      $1,790,000
      Food Service
      $1,945,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8067
    Latitude
    42.2647
    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
    $58,572
    $724,800
    $1,225,000
    $1,949,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      3,150 SF

      208 Austin St

      SHOW ROOM, WAREHOUSE • 3,150 SF
      208 Austin St, Worcester, MA 01609-2906
      View Details
    • Value Estimation
      $590,000
      26,765 SF

      199 Chandler St

      SHOW ROOM, WAREHOUSE • 26,765 SF
      199 Chandler St, Worcester, MA 01609-3088
      View Details
    • Value Estimation
      $385,000
      3,860 SF

      9 Linden St

      SHOW ROOM, WAREHOUSE • 3,860 SF
      9 Linden St, Worcester, MA 01609-3243
      View Details
    • Value Estimation by Request
      11,239 SF

      291 Park Ave

      SHOW ROOM, WAREHOUSE • 11,239 SF
      291 Park Ave, Worcester, MA 01609-1846
      View Details
    • Value Estimation by Request
      7,860 SF

      290 Park Ave

      SHOW ROOM, WAREHOUSE • 7,860 SF
      290 Park Ave, Worcester, MA 01609-1805
      View Details
    • Value Estimation by Request
      13,912 SF

      101 Pleasant St

      SHOW ROOM, WAREHOUSE • 13,912 SF
      101 Pleasant St, Worcester, MA 01609-3213
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2,999 /Mo

      Worcester Retail/Office Space Available

      Highly visible, flexible retail/office space in Worcester with strong foot traffic.
      242-244 Pleasant St, Worcester, MA 01609
      View Details
    • $1,650 /Mo

      Updated Retail Space on Pleasant

      1,042 sq ft retail space with excellent visibility.
      244 Pleasant St, Worcester, MA 01609
      View Details
    • $3,000 /Mo

      Versatile Retail Space For Rent

      Small retail space suitable for restaurant, office, or professional business.
      142 Highland St, Worcester, MA 01609
      View Details
    • $1,500 /Mo

      Updated Retail Space on Pleasant

      Move-in ready retail space with high visibility and foot traffic.
      242 Pleasant 1L, Worcester, MA 01609
      View Details
    • $1,750 /Mo

      Updated Retail Space Available

      1,042 SF retail space with excellent visibility.
      244 Pleasant 1R, Worcester, MA 01609
      View Details
    • Contact for pricing
      7,019 SF

      Worcester Warehouse: 7,019 SF

      Spacious Worcester warehouse, ideal for retail/industrial use.
      462 Pleasant St, Worcester, MA 01609
      View Details
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    Worcester, MA 01609-2541
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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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