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 Market163
Property Features for 562 Lincoln St
General Information
Standard status
Active
Size
3,944 SF
Property subtype
OFFICE
Zoning
BG-3.0
Site & Location
Neighborhood
Burncoat/Greendale C.w.a
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) 753-9100
Listed By:
David Burwick · License #9061441
(508) 847-2377
Source:
Moodyscre
Added: May 22
Changed: Oct 25
Last Checked: Oct 30 at 6:05PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$65,490
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,800
$1.3M
Cap Rate 7%
$935,571
$935.6K
Cap Rate 9%
$727,667
$727.7K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$106.5K $27.00/SF
− Vacancy
−$19.2K −$4.86/SF
EGI
$87.3K $22.14/SF
− OpEx
−$21.8K −$5.54/SF
NOI
$65.5K $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%
$1,309,800
Cap Rate 7%
$935,571
Cap Rate 9%
$727,667
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.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
771
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 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
