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    Property profile & analytics

    704 Southbridge St Worcester, MA 01610-2915

    • Office buildings
    • 3,673 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US38-1512219
    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

    • Mainstream Insurance Agency, Inc. / Renter'S Insurance Agency / Insurance Agency
    • Magna Finance Co / Financial Planner

    Property Details for 704 Southbridge St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    3,673 SF
    Zone code
    BL-1
    Property type
    Office buildings
    APN
    WORC M:07 B:036 L:0013B
    APU
    WORCM07B036L0013B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $325,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $400,000
      Mixed-Use
      $390,000
      Hospitality
      $420,000
      Educational
      $420,000
      Residential Income
      $360,000
      Energy
      $325,000
      Income-Based Land
      $335,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8112
    Latitude
    42.2428
    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
    $11,409
    $107,300
    $272,500
    $379,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      4,237 SF

      54 Mason St

      OFFICE BUILDING • 4,237 SF
      54 Mason St, Worcester, MA 01610-3252
      View Details
    • Value Estimation
      $200,000
      1,252 SF

      33 Winfield St

      OFFICE BUILDING • 1,252 SF
      33 Winfield St, Worcester, MA 01610-1028
      View Details
    • Value Estimation
      $470,000
      2,784 SF

      360 Park Ave

      OFFICE BUILDING • 2,784 SF
      360 Park Ave, Worcester, MA 01610-1023
      View Details
    • Value Estimation
      $340,000
      2,981 SF

      333 Park Ave

      OFFICE BUILDING • 2,981 SF
      333 Park Ave, Worcester, MA 01610-1022
      View Details
    • Value Estimation by Request
      9,394 SF

      29 Endicott St

      OFFICE BUILDING • 9,394 SF
      29 Endicott St, Worcester, MA 01610-1860
      View Details
    • Value Estimation
      $290,000
      2,880 SF

      381 Park Ave

      OFFICE BUILDING • 2,880 SF
      381 Park Ave, Worcester, MA 01610-1026
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

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      Three-story, 15,000 SF medical/office building for lease.
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    • $8 SF/Yr
      25,000 SF

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      View Details
    • $600 /Mo

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      Versatile space suitable for retail, office, or service businesses.
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      Prime Commercial Space in Worcester

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      View Details

    Property Visit Statistics

    • Visits by month
      35.2k
    • Visitors by month
      22.6k
    • Avg Time on site
      15 min
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    Worcester, MA 01610-2915
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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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