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    56 Main St Lancaster, MA 01523-2800
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    Property profile & analytics

    56 Main St, Lancaster, MA 01523-2800

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    • Investment properties
    • 3,584 SF
    • 0.89 lot acres
    Off-Market
    Property ID
    US38-0926374
    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.

    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 56 Main St

    Year built
    2006
    Lot size
    0.89 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    LANC M:041.0 B:0000 L:0213.0
    APU
    LANCM0410B0000L02130

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 19, 2008 $1 Bfd RT Gleason,michael Grant Deed —
    Jun 19, 2008 — Bfd RT — Deed Of Trust · related $285k · Clinton Savings Bank
    Jul 26, 2007 — Michael Gleason — Deed Of Trust · related $100k · Clinton Savings Bank
    Aug 9, 2006 — Michael Gleason — Deed Of Trust · related $250k · Clinton Savings Bank
    Dec 6, 2004 $170,000 Michael Gleason Muirfield Dev LLC Grant Deed —
    Jul 19, 2002 $155,000 Muirfield Dev LLC Fritsche,ted Grant Deed $116k · Fidelity Cp Bank
    Jun 28, 1990 $165,000 Ted Fritsche Hardy,gerry Grant Deed $132k · Clinton Savings Bank
    May 18, 1990 — Gerry Hardy — Deed Of Trust · related $5k · Leominster Cu
    Jan 2, 1990 $143,000 Mary Dubin Hardy,gerry Grant Deed —
    Jun 29, 1989 — Gerry Hardy — Deed Of Trust · related $112k · Clinton Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $540,000
      6.5%
      $495,000
      7%
      $460,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $607,000
      Market price range: $227k - $614k
      AI Estimate
      $536,000
      Market price range: $149k - $553k
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $395,000
      Current use
      RETAIL STORES
      $560,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $550,000
      Change: +39% Conversion: Difficult
      OFFICE BUILDING
      $485,000
      Change: +24% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $450,000
      Change: +15% Conversion: Difficult
      WAREHOUSE, STORAGE
      $360,000
      Change: -9% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6872
    Latitude
    42.4375
    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
    $10,459
    $132,500
    $466,500
    $599,000
    -
    $0.00
    $0.00
    $0.00
    More about this property
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