First-Floor Office
For Sale
Contact for pricing
25 Harvard Street, Worcester, MA 01609
Well-appointed first-floor suite with main office, private offices, conference room, restroom, waiting area, and shared kitchen access.
Property Size925 SF
Price / SF$3.35
Days on Market100
Property Features for 25 Harvard Street
General Information
Standard status
Active
Size
925 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
RE/MAX Partners
(508) 635-1600
Listed By:
James Kalogeropoulos · License #9072828
(774) 696-1810
Source:
Lockandkeyre
Added: Jul 13
Changed: Oct 19
Last Checked: Oct 19 at 10:50AM
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 RE/MAX Partners
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Investment Insights
Based on property information with market context.
This first-floor office suite offers a functional, move-in-ready layout with a spacious main office, a private individual office, a dedicated conference room, a private restroom, and a welcoming waiting area. The suite also provides access to a shared kitchen, supporting day-to-day office operations.
Set within a charming historic building in an established professional neighborhood, the space is supported by ample off-street parking for employees and clients. Gross lease terms are noted to simplify occupancy by including common operating expenses.
Designed to accommodate a range of professional office uses, the suite is well-suited for organizations seeking a practical configuration alongside the character of a historic setting.
Set within a charming historic building in an established professional neighborhood, the space is supported by ample off-street parking for employees and clients. Gross lease terms are noted to simplify occupancy by including common operating expenses.
Designed to accommodate a range of professional office uses, the suite is well-suited for organizations seeking a practical configuration alongside the character of a historic setting.
Key Highlights
- First‑floor office suite with a spacious main office, private individual office, and dedicated conference room
- Includes a private restroom and a welcoming waiting area for clients
- Shared kitchen access included in the suite amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,360
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,200
$307.2K
Cap Rate 7%
$219,429
$219.4K
Cap Rate 9%
$170,667
$170.7K
Market Conditions
NOI Build-Up for 925 SF
Gross rent
$25.0K $27.00/SF
− Vacancy
−$4.5K −$4.86/SF
EGI
$20.5K $22.14/SF
− OpEx
−$5.1K −$5.54/SF
NOI
$15.4K $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%
$307,200
Cap Rate 7%
$219,429
Cap Rate 9%
$170,667
Alternative Uses
Best Use
Office B
$219.4K
$192.0K – $256.0K
NOI $15,360 @ 7.0% cap · market cap 495.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.7K
$270.2K – $360.2K
NOI $21,612 @ 7.0% cap · market cap 697.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
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 - Well-appointed first-floor suite with main office, private offices, conference room, restroom, waiting area, and shared kitchen access.
Where is this office unit located?
The property is located at 25 Harvard Street Worcester, MA.
What are key features of this property?
This property features: First‑floor office suite with a spacious main office, private individual office, and dedicated conference room; Includes a private restroom and a welcoming waiting area for clients; Shared kitchen access included in the suite amenities
