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    Property profile & analytics

    565 Southbridge St Worcester, MA 01610-1727

    • Manufacturing properties
    • 2,496 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US38-1302841
    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

    • Pilgrim Tool & Die Inc / Plastic Fabrication Company

    Property Details for 565 Southbridge St

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    2,496 SF
    Zone code
    BL-1
    Property type
    Manufacturing properties
    APN
    WORC M:07 B:031 L:00004
    APU
    WORCM07B031L00004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $190,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $215,000
      Mixed-Use
      $200,000
      Hospitality
      $180,000
      Educational
      $195,000
      Residential Income
      $175,000
      Energy
      $225,000
      Income-Based Land
      $235,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8106
    Latitude
    42.2467
    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
    $7,339
    $96,700
    $147,600
    $244,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $245,000
      10,115 SF

      129 Dewey St

      MANUFACTURING (LIGHT) • 10,115 SF
      129 Dewey St, Worcester, MA 01610
      View Details
    • Value Estimation by Request
      29,772 SF

      50 Lagrange St

      MANUFACTURING (LIGHT) • 29,772 SF
      50 Lagrange St, Worcester, MA 01610-1536
      View Details
    • Value Estimation
      $545,000
      21,394 SF

      2 Cambridge St

      MANUFACTURING (LIGHT) • 21,394 SF
      2 Cambridge St, Worcester, MA 01610
      View Details
    • Value Estimation
      $330,000
      8,678 SF

      28 Piedmont St

      MANUFACTURING (LIGHT) • 8,678 SF
      28 Piedmont St, Worcester, MA 01610-1138
      View Details
    • Value Estimation
      $635,000
      22,857 SF

      43 Hammond St

      MANUFACTURING (LIGHT) • 22,857 SF
      43 Hammond St, Worcester, MA 01610-1523
      View Details
    • Value Estimation by Request
      137,310 SF

      58 Gardner St

      MANUFACTURING (LIGHT) • 137,310 SF
      58 Gardner St, Worcester, MA 01610-2528
      View Details

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      Industrial building suitable for automotive or industrial businesses.
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    Similar Nearby for Lease

    • $7 SF/Yr
      10,000 SF

      Flexible Warehouse Space Available

      5,664 SF warehouse space for lease near Worcester CBD.
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    • Contact for pricing
      5,000 SF

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      Three-story, 15,000 SF medical/office building for lease.
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      Updated Office or Retail Space

      Versatile, updated office/retail space near Polar Park. Move-in ready.
      131 Millbury St, Worcester, MA 01610
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space in Worcester Available

      Retail space for lease in Worcester, available Spring 2023.
      105 Madison St, Worcester, MA 01610
      View Details
    • Contact for pricing

      Corner Parcel with I-290 Visibility

      2.5-acre corner parcel with high visibility near Polar Park.
      75 Quinsigamond Ave, Worcester, MA 01610
      View Details
    • $8 SF/Yr
      25,000 SF

      Worcester Office Space Near Canal

      Office space near downtown and Canal District with highway access.
      75 Hammond St, Worcester, MA 01610
      View Details

    Property Visit Statistics

    • Visits by month
      24.9k
    • Visitors by month
      16.3k
    • Avg Time on site
      19 min
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    565 Southbridge St
    Worcester, MA 01610-1727
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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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