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    Renovated Professional Office Suite Title is generated by Realmo AI

    52 Highland St, Worcester, MA 01609

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    Claim this Listing
    New
    For Lease
    $850 /Mo

    Move into a fully renovated second-floor suite with private office space, on-site parking, and shared conference facilities.

    Type:Office
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:39 am

    Property Features for 52 Highland St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1935

    Spaces For Lease

    at 52 Highland St Contact us

    We can help!

    Listing Contact
    Brian Johnson

    Listing agent Brian Johnson

    Listing office

    Listing date Jun 2, 2026

    Source Kelleher-sadowsky

    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 Brian Johnson

    HighLights

    • Suite 5 is a second‑floor professional office suite with a single private office
    • Building acquired in 2024 and completed a full interior and exterior renovation
    • All new mechanical systems plus fresh paint and new carpet and building finishes throughout
    • On‑site parking available, with a recently paved and striped parking lot
    • Access to shared conference and kitchenette in the building
    • Suite 5 can be delivered fully furnished

    Overview

    A recently renovated professional office suite is available on the second floor. The building, acquired in 2024, has undergone a complete interior and exterior renovation with new mechanical systems, fresh paint and carpet, and updated building finishes throughout. Tenants will also benefit from on-site parking and access to a shared conference and kitchenette. Suite 5 is a single private office that can be delivered fully furnished, offering an efficient move-in option for an operating team that values readiness and privacy.

    The property is located at 52 Highland Street in Worcester. The parking lot has been recently paved and striped, supporting straightforward tenant and visitor access. With on-site ownership, the building is designed to provide a safe and secure environment for daily operations.

    This suite is well suited for a small professional firm, consultant, or other office-based user seeking a private office configuration within a turnkey, renovated setting. The inclusion of furnishings, along with shared conference space, makes it practical for client meetings and day-to-day work without requiring additional build-out.
    Location Intelligence

    Current Use by Public Records

    O'Brien & Gibbons Insurance: ... Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8036385
    Latitude
    42.2714976

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    FAQs

    What type of property is this?
    Office units - Move into a fully renovated second-floor suite with private office space, on-site parking, and shared conference facilities.
    Where is this office units located?
    The property is located at 52 Highland St Worcester, MA.
    What is the lease rate?
    The lease rate is $850 /Mo.
    What are key features of this property?
    This property features: Suite 5 is a second‑floor professional office suite with a single private office; Building acquired in 2024 and completed a full interior and exterior renovation; All new mechanical systems plus fresh paint and new carpet and building finishes throughout
    We can help!
    Listing Contact
    Brian Johnson
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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