Office Unit with Exposed
For Sale
Contact for pricing
100 Grove St # 215, Worcester, MA 01605
Character-rich office suite with high ceilings, hardwood floors, historic windows, and access to an on-site café.
Property Size2,125 SF
Price / SF$2.35
Days on Market56
Property Features for 100 Grove St # 215
General Information
Standard status
Active
Size
2,125 SF
Property subtype
Commercial
Zoning
BG-6
Taxes and HOA fees
Annual Taxes
$146,054
Amenities
café
Building Details
Year Built
1864
Construction
brick and beam
Listing Agency:
A & E Realty Company, Inc.
(508) 835-1190
Listed By:
Noor Al-Tahafee
(508) 736-3797
Source:
Churchillprop
Added: Sep 7
Changed: Oct 31
Last Checked: Oct 30 at 11:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A & E Realty Company, Inc.
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Investment Insights
Based on property information with market context.
This 2,125-square-foot office suite occupies a restored mill building dating to 1864. The space combines 10-foot ceilings, original exposed brick, heavy timber beams, hardwood flooring, and large historic windows that bring substantial natural light into the workplace. Executive-level finishes give the suite a refined commercial presentation while retaining the building’s architectural character.
Located at 100 Grove St #215 in Worcester, the professionally managed property provides practical on-site amenities for occupants and visitors, including an established café and ample free surface parking. The suite is situated within a BG-6-zoned commercial property and offers a distinctive setting for office operations.
Located at 100 Grove St #215 in Worcester, the professionally managed property provides practical on-site amenities for occupants and visitors, including an established café and ample free surface parking. The suite is situated within a BG-6-zoned commercial property and offers a distinctive setting for office operations.
Key Highlights
- 2,125‑square‑foot office suite in a restored 1864 mill building
- 10‑foot ceilings with original exposed brick and heavy wood beams
- Hardwood floors and large historic windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,286
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,720
$705.7K
Cap Rate 7%
$504,086
$504.1K
Cap Rate 9%
$392,067
$392.1K
Market Conditions
NOI Build-Up for 2,125 SF
Gross rent
$57.4K $27.00/SF
− Vacancy
−$10.3K −$4.86/SF
EGI
$47.0K $22.14/SF
− OpEx
−$11.8K −$5.54/SF
NOI
$35.3K $16.61/SF
Area
Worcester, MA
Vacancy
18.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,720
Cap Rate 7%
$504,086
Cap Rate 9%
$392,067
Alternative Uses
Best Use
Office B
$504.1K
$441.1K – $588.1K
NOI $35,286 @ 7.0% cap · market cap 705.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,650 @ 7.0% cap · market cap 993.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,845
Businesses Nearby
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Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Character-rich office suite with high ceilings, hardwood floors, historic windows, and access to an on-site café.
Where is this office unit located?
The property is located at 100 Grove St # 215 Worcester, MA.
What are key features of this property?
This property features: 2,125‑square‑foot office suite in a restored 1864 mill building; 10‑foot ceilings with original exposed brick and heavy wood beams; Hardwood floors and large historic windows
