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    560 Lincoln St Worcester, MA 01605-1927
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    560 Lincoln St Worcester, MA 01605-1927

    View on Map
    • Super regional malls
    • 22,940 SF
    • 2.19 lot acres
    Off-Market
    Property ID
    US38-0646700
    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
    $2,465,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tandoori kabab & pizza Mediterranean / Restaurant
    • Worcester Windows / Hardware & Home Improvement / Interior Design
    • HomeGoods / Department Store
    • Assembly Of God Bethlehem Ministry / Church
    • Recovery Connection / Medical Clinic

    Property Details for 560 Lincoln St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.19 lot acres
    Property size
    22,940 SF
    Zone code
    BG-3
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    WORC M:39 B:024 L:0000B
    APU
    WORCM39B024L0000B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,512,000
      Market price range: $1.84M - $3.86M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,895,000
      Current use
      AUTO REPAIR, GARAGE
      $3,920,000
      Change: +35% Conversion: Difficult
      RETAIL STORES
      $3,350,000
      Change: +16% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,920,000
      Change: +1% Conversion: Easy
      OFFICE BUILDING
      $2,860,000
      Change: -1% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,750,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7721
    Latitude
    42.2962
    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
    $57,989
    $926,400
    $1,004,000
    $1,930,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,225,000
      12,493 SF

      104 Belmont St

      REGIONAL SHOPPING CENTER, MALL • 12,493 SF
      104 Belmont St, Worcester, MA 01605-2937
      View Details
    • Value Estimation
      $880,000
      7,280 SF

      12 Boylston St

      REGIONAL SHOPPING CENTER, MALL • 7,280 SF
      12 Boylston St, Worcester, MA 01605-3529
      View Details
    • Value Estimation
      $775,000
      5,610 SF

      176 Prescott St

      AUTO REPAIR, GARAGE • 5,610 SF
      176 Prescott St, Worcester, MA 01605-1708
      View Details
    • Value Estimation
      $10,835,000
      67,135 SF

      14 Boylston St

      GROCERY, SUPERMARKET • 67,135 SF
      14 Boylston St, Worcester, MA 01605-1228
      View Details
    • Value Estimation by Request
      5,039 SF

      75 Gold Star Blvd

      FINANCIAL BUILDING • 5,039 SF
      75 Gold Star Blvd, Worcester, MA 01605-3931
      View Details
    • Value Estimation
      $1,200,000
      0.88 Acres

      43 Cres St

      PARKING LOT • 0.88 Acres
      43 Cres St, Worcester, MA 01605-2406
      View Details

    Similar Nearby for Sale

    • $4,153,016
      11,382 SF

      451 Lincoln St

      Retail space • 11,382 SF
      451 Lincoln St, Worcester, MA 01605
      View Details
    • $100,000

      Worcester Public Market Business Opportunity

      Business opportunity in Worcester Public Market with high foot traffic.
      160 Green St, Worcester, MA 01605
      View Details
    • Contact for pricing
      11,584 SF

      Highly Visible Retail Space

      Retail space with high visibility and strong traffic counts.
      173 Grove St, Worcester, MA 01605
      View Details
    • New
      $1,024,000
      4,870 SF

      Renovated Three-Family in Worcester

      Turnkey Worcester three-family with modern renovations and strong cash flow.
      139 Lincoln St, Worcester, MA 01605
      View Details
    • $2,000,000
      6,852 SF

      Nine-Unit Multifamily Property

      Three buildings with nine units, renovated in 2023.
      31 North St, Worcester, MA 01605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      57,198 SF

      Worcester Retail Space For Rent

      Interstate accessible power center in densely populated Worcester, Massachusetts.
      541 Lincoln St, Worcester, MA 01605
      View Details
    • Contact for pricing
      6,288 SF

      Retail Space in Worcester Center

      Retail space available in a densely populated Worcester power center.
      539 Lincoln St, Worcester, MA 01605
      View Details
    • Contact for pricing
      11,000 SF

      Retail Strip in Prime Location

      11,000 SF retail strip in sought-after commercial area.
      31-35 Park Ave, Worcester, MA 01605
      View Details
    • $21 SF/Yr
      72,000 SF

      Refurbished Office Property in Worcester

      72,000 square foot office property in a prime location.
      108 Grove Street Ter, Worcester, MA 01605
      View Details
    • Contact for pricing

      Worcester Retail/Office/Warehouse Space Available

      8,000 SF space suitable for office, retail, or warehouse.
      19 Glennie St, Worcester, MA 01605
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      Retail building in the heart of the city's commercial sector.
      31-35 Park Ave, Worcester, MA 01605
      View Details

    Property Visit Statistics

    • Visits by month
      6.7k
    • Visitors by month
      4.6k
    • Avg Time on site
      20 min
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    Worcester, MA 01605-1927
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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