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    Property profile & analytics

    505 Granite St Worcester, MA 01607-1246

    • Investment properties
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 05, 2020
    $35,000
    Location Intelligence
    Property ID
    US38-1330909
    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

    • XXVII Gallery / Art Gallery

    Property Details for 505 Granite St

    Lot size
    0.15 lot acres
    Zone code
    ML-.5
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WORC M:45 B:004 L:00050
    APU
    WORCM45B004L00050

    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
    -71.7794
    Latitude
    42.2179
    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
    $111,700
    $217,800
    $329,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,582 SF

      687 Millbury St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,582 SF
      687 Millbury St, Worcester, MA 01607-1061
      View Details
    • Value Estimation by Request
      0.50 Acres

      81 Blackstone Riv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.50 Acres
      81 Blackstone Riv Rd, Worcester, MA 01607-1491
      View Details
    • Value Estimation
      $245,000
      2,120 SF

      1 Greenwood St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,120 SF
      1 Greenwood St, Worcester, MA 01607-1515
      View Details
    • Value Estimation
      $255,000
      0.31 Acres

      29 Blackstone Riv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.31 Acres
      29 Blackstone Riv Rd, Worcester, MA 01607-1853
      View Details
    • Value Estimation
      $815,000
      5,364 SF

      2 Greenwood St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,364 SF
      2 Greenwood St, Worcester, MA 01607-1516
      View Details
    • Value Estimation by Request
      5,553 SF

      24 Greenwood St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,553 SF
      24 Greenwood St, Worcester, MA 01607-1789
      View Details

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    Similar Nearby for Lease

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      Worcester Industrial Property for Lease

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    505 Granite St
    Worcester, MA 01607-1246
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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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