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    Property profile & analytics

    503 Plantation St Worcester, MA 01605-4522

    • Hotels
    • 93,774 SF
    • 7.27 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 17, 2024
    $20,350,000
    Location Intelligence
    Property ID
    US38-1265624
    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

    • Residence Inn Worcester / Hotel / Extended Stay Hotel
    • ホテル / Lodging
    • 503 Plantation Street Parking / Parking Lot

    Property Details for 503 Plantation St

    Year built
    2005
    Construction
    FRAME
    Lot size
    7.27 lot acres
    Property size
    93,774 SF
    Zone code
    ML-.5
    Property type
    Hotels
    APN
    WORC M:46 B:045 L:0001C
    APU
    WORCM46B045L0001C

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7637
    Latitude
    42.2849
    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
    $442,708
    $2,312,300
    $12,425,000
    $14,737,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      58,952 SF

      65 Prescott St

      HOTEL • 58,952 SF
      65 Prescott St, Worcester, MA 01605-2614
      View Details
    • Value Estimation by Request
      75,740 SF

      72 Grv St

      HOTEL • 75,740 SF
      72 Grv St, Worcester, MA 01605-2628
      View Details
    • Value Estimation
      $11,150,000
      78,720 SF

      50 Oriol Dr

      MOTEL • 78,720 SF
      50 Oriol Dr, Worcester, MA 01605-1911
      View Details
    • Value Estimation by Request
      52,385 SF

      300 Main St

      Coworking space • 52,385 SF
      300 Main St, Worcester, MA 01605
      View Details
    • Value Estimation by Request
      2.82 Acres

      99 Cres St

      INDUSTRIAL (GENERAL) • 2.82 Acres
      99 Cres St, Worcester, MA 01605-2406
      View Details
    • Value Estimation by Request
      4.13 Acres

      130 Prescott St

      INDUSTRIAL (GENERAL) • 4.13 Acres
      130 Prescott St, Worcester, MA 01605-1710
      View Details

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      Two-family home near WPI and Assumption College.
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    Similar Nearby for Lease

    • Contact for pricing
      28,568 SF

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      Medical office space for lease in Worcester, Massachusetts.
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      Worcester Office/Medical Suites for Lease

      Office and medical suites available for lease in Worcester, MA.
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    • Contact for pricing
      44,000 SF

      Worcester Retail/Office/Warehouse Space Available

      8,000 SF space suitable for office, retail, or warehouse.
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    • $13 SF/Yr
      6,249 SF

      Worcester Office Space Available

      Flexible workspace solutions in prime location.
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    Property Visit Statistics

    • Visits by month
      11.5k
    • Visitors by month
      1.9k
    • Avg Time on site
      730 min
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    503 Plantation St
    Worcester, MA 01605-4522
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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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