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    1 Innovation Dr Worcester, MA 01605

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    For Lease
    Contact for pricing

    Four-story office/laboratory facility in UMass Medical & Science Park.

    Property size:
    50,000 SF
    Lot size:
    5.62 Acres

    Property Features for 1 Innovation Dr

    General Information

    Size
    50,000 SF
    Lot size
    5.62 Acres

    Source: Kelleher & Sadowsky Agent William D. Kelleher, IV

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Worcester Office/Laboratory Facility for Rent

    One Innovation Drive, also known as Building 3 in the UMass Medical & Science Park, is a four-story office and laboratory facility with an adjacent single-story parking structure. Situated in Worcester, Massachusetts, alongside the UMass Chan Medical School and UMass Memorial Medical Center campus, the property benefits from synergies within this interconnected complex. The location offers access to amenities and attractions, including eateries such as The Sole Proprietor and El Basha. Green Hill Park and the EcoTarium provide recreational opportunities. Commuting is facilitated by access to Interstate 290 and Route 9. The property is located within the UMass Medical Science Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Microbiotix Inc Pharmaceutical Company Minesh Nandi Internist Selectx Pharmaceuticals Inc Pharmaceutical Company Anisyn Inc. Pharmaceutical Company Alexandria Real Estate ... Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7666068
    Latitude
    42.2790387

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    FAQs

    What type of property is this?
    Office space - Four-story office/laboratory facility in UMass Medical & Science Park.
    Where is this office space located?
    The property is located at 1 Innovation Dr Worcester, MA.
    What are key features of this property?
    This property features: - Located in the UMass Medical & Science Park, adjacent to UMass Chan Medical School and UMass Memorial Medical Center.; - Four-story office/laboratory facility with an adjacent single-story parking structure.; - Proximity to over 10,000 knowledge seekers and approximately 10 neighboring colleges and universities.
    (508) 596-5395
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    1 Innovation Dr Worcester, MA 01605
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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
    1 Innovation Dr Worcester, MA 01605
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