Property profile

550 Franklin St Worcester, MA 01604

OFF-MARKET
Showrooms
Property ID
US38-1504915
5,000 SF 1.59 ac lot Built 2003
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2003
Construction STEEL FRAME
Total area 5,000 SF
Lot 1.59 ac (69,260 SF)
Zoning code BG-2
APN WORC M:19 B:010 L:00001
UPID US38-1504915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

550 Franklin St Worcester, MA 01604-2977
Worcester metro Census 732203 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$701k
Blend (final) Blend
$340k

Owner & transaction history

since 2010
2 recorded transactions
2010
$1
2009
$1

Zoning & alternative use

BG-2 · Worcester, MA
Top alternative use upside
Restaurant $1.0M +87.7%
Auto repair, garage $855,000 +54.2%
Retail stores $730,000 +31.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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