Property profile

986 Main St Worcester, MA 01603

OFF-MARKET
Grocery and convenience stores
Property ID
US38-0908656
7,748 SF 0.23 ac lot Built 1925
Entity Owned 28-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,748 SF
Lot 0.23 ac (9,815 SF)
Zoning code BL-1
APN WORC M:08 B:013 L:00020
UPID US38-0908656

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Courier Service Postal Service

Location

986 Main St Worcester, MA 01603-2417
Worcester metro Census 731203 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$852k
Blend (final) Blend
$320k

Owner & transaction history

since 1998
1 recorded transaction
1998
$375,000

Zoning & alternative use

BL-1 · Worcester, MA
Top alternative use upside
Auto repair, garage $1.3M +17.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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