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    Property profile & analytics

    57 Main St Barre, MA 01005

    • Investment properties
    • 3,284 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US38-1497920
    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

    • Investment properties

    Property Details for 57 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    3,284 SF
    Zone code
    TBD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BARR M:000G B:0347 L:
    APU
    BARRM000GB0347L

    Description

    This exceptional mixed-use property at 57 Main Street in Barre, MA, presents a unique investment opportunity. The building encompasses a thriving Chinese restaurant with a bar, currently operating under a lease with one year remaining, plus an option to renew. The restaurant boasts a substantial 1600 square foot space, a liquor license, an entertainment license, and a seating capacity of 72, including the bar area. Above the restaurant, a spacious 1500 square foot apartment provides comfortable living quarters with two formal bedrooms, ideal for owner-occupancy or rental income. The property sits on a generous 0.2-acre lot, offering ample parking and high visibility, making it attractive for a variety of businesses. The 14-year-old roof ensures long-term structural integrity. Annual property taxes are $4,000, and insurance premiums are $6,000. This prime location and versatile layout make this property an excellent choice for both established businesses and savvy investors seeking a blend of commercial and residential income streams. The asking price is $750,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $235,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $220,000
      Mixed-Use
      $220,000
      Hospitality
      $230,000
      Educational
      $200,000
      Residential Income
      $195,000
      Energy
      $210,000
      Income-Based Land
      $260,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Barre
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0995
    Latitude
    42.3838
    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
    2023
    $2,958
    $41,400
    $145,100
    $186,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      4,400 SF

      160 Ww St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,400 SF
      160 Ww St, Barre, MA 01005-9139
      View Details
    • Value Estimation
      $185,000
      3,640 SF

      24 Brookfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,640 SF
      24 Brookfield Rd, Barre, MA 01005-9184
      View Details
    • Value Estimation
      $300,000
      6,532 SF

      8-12 Exchange St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,532 SF
      8-12 Exchange St, Barre, MA 01005
      View Details
    • Value Estimation
      $340,000
      2,760 SF

      621 Hubbardston Rd, Unit 649

      OFFICE/RESIDENTIAL (MIXED USE) • 2,760 SF
      621 Hubbardston Rd, Barre, MA 01005-9701
      View Details
    • Value Estimation
      $215,000
      2,400 SF

      730 Williamsville Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      730 Williamsville Rd, Barre, MA 01005-9577
      View Details
    • Value Estimation
      $225,000
      4,725 SF

      48 Allen Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 4,725 SF
      48 Allen Dr, Barre, MA 01005-8736
      View Details

    Similar Nearby for Sale

    • $175,000

      14.67 Acres Land Opportunity

      Land for sale near Barre common with town utilities.
      Glancy Rd, Barre, MA 01005
      View Details
    • $450,000

      Renovated Multi-Family Near Downtown Barre

      Modern, renovated multi-family property near historic downtown Barre.
      27 Kendall St, Barre, MA 01005
      View Details
    • $550,000

      Spacious Two-Unit Property in Barre

      Two-unit property with separate utilities, ample parking, and storage.
      3 Newton St, Barre, MA 01005
      View Details
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    57 Main St
    Barre, MA 01005
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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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