Renovated Office
For Sale
Contact for pricing
562 Lincoln St, Worcester, MA 01605
Renovated office building in BG-3.0 zoning with 3,944 SF of office space.
Property Size3,944 SF
Price / SF$366.38
Days on Market72
Property Features for 562 Lincoln St
General Information
Standard status
Active
Size
3,944 SF
Property subtype
OFFICE
Zoning
BG-3.0
Additional Details
Office Units
1
Building Details
Year Built
1980
Year Renovated
2025
Building Size
3,944 SF
Listing Agency:
NAI Glickman Kovago & Jacobs
(508) 847-2377
Listed By:
David Burwick · License #9061441
Source:
Moodyscre
Added: May 22
Changed: Jul 31
Last Checked: Aug 1 at 5:07AM
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 NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
This renovated office building offers 3,944 SF of office space in a one-unit configuration. The property was renovated in 2025 and was built in 1980, providing an office base supported by BG-3.0 zoning.
The building is located at 562 Lincoln St in Worcester, MA 01605.
The building is located at 562 Lincoln St in Worcester, MA 01605.
Key Highlights
- 3,944 SF office building
- Renovated in 2025
- Built in 1980
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.5k | $27.00 |
| − Vacancy | −$19.2k | −$4.86 |
| EGI | $87.3k | $22.14 |
| − OpEx | −$21.8k | −$5.54 |
| NOI | $65.5k | $16.61 |
3,944 SF · lease $27.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$935.6K
$818.6K – $1.09M
NOI $65,490 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,150 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building in BG-3.0 zoning with 3,944 SF of office space.
Where is this office building located?
The property is located at 562 Lincoln St Worcester, MA.
What is the asking price?
The asking price for this property is $1,445,000.
What are key features of this property?
This property features: 3,944 SF office building; Renovated in 2025; Built in 1980
