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    Property profile & analytics

    74 Grafton St Worcester, MA 01604-4923

    • Retail space
    • 4,692 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    Mar 02, 2025
    Location Intelligence
    Property ID
    US38-1358815
    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

    • Diem Cannabis Dispensary Worcester / Cannabis Store

    Property Details for 74 Grafton St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    4,692 SF
    Zone code
    BG-3
    Property type
    Retail space
    APN
    WORC M:04 B:016 L:00027
    APU
    WORCM04B016L00027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $415,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $470,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $470,000
      Mixed-Use
      $455,000
      Hospitality
      $455,000
      Educational
      $390,000
      Residential Income
      $545,000
      Energy
      $510,000
      Income-Based Land
      $545,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.794
    Latitude
    42.2593
    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
    $16,654
    $209,700
    $344,700
    $554,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,548 SF

      46 Granite St

      RETAIL STORES (PERSONAL SERVICES) • 1,548 SF
      46 Granite St, Worcester, MA 01604
      View Details
    • Value Estimation by Request
      13,364 SF

      220 Grafton St

      RETAIL STORES (PERSONAL SERVICES) • 13,364 SF
      220 Grafton St, Worcester, MA 01604-4906
      View Details
    • Value Estimation
      $515,000
      8,511 SF

      994 Grafton St

      RETAIL STORES (PERSONAL SERVICES) • 8,511 SF
      994 Grafton St, Worcester, MA 01604-2034
      View Details
    • Value Estimation
      $345,000
      1,953 SF

      290 Belmont St

      RETAIL STORES (PERSONAL SERVICES) • 1,953 SF
      290 Belmont St, Worcester, MA 01604-1602
      View Details
    • Value Estimation
      $290,000
      2,202 SF

      1140 Grafton St

      RETAIL STORES (PERSONAL SERVICES) • 2,202 SF
      1140 Grafton St, Worcester, MA 01604-2616
      View Details
    • Value Estimation
      $3,475,000
      14,323 SF

      1413 Grafton St

      RETAIL STORES (PERSONAL SERVICES) • 14,323 SF
      1413 Grafton St, Worcester, MA 01604-2739
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $3,000 /Mo

      Prime Retail/Office Space Available

      1,700 sq ft commercial space ideal for retail/office/food business.
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    • $18 SF/Yr
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      Worcester Commercial Space For Lease

      First floor suite with ample parking and great visibility.
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    • $18 SF/Yr
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      Worcester Eastside Commercial Space Available

      Two-story commercial space for lease in Worcester's eastside.
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    • Contact for pricing
      4,000 SF

      Retail/Office Space For Rent

      Retail and office spaces available in Worcester, Massachusetts.
      490 Shrewsbury St, Worcester, MA 01604
      View Details
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    74 Grafton St
    Worcester, MA 01604-4923
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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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