Second-Floor Office
For Sale
Contact for pricing
625 Chandler Street Unit 23, Worcester, MA 01602
Built-out second-floor office suite in Worcester, ready for occupancy and leased on gross terms with tenant responsible for electric.
Property Size800 SF
Price / SF$1.09
Days on Market96
Property Features for 625 Chandler Street Unit 23
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Building Details
Year Built
1985
Stories
2
Listing Agency:
RE/MAX Partners
(508) 635-1600
Listed By:
James Kalogeropoulos · License #9072828
(774) 696-1810
Source:
Lockandkeyre
Added: Jul 17
Changed: Oct 19
Last Checked: Oct 19 at 9:19AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This built-out second-floor commercial office suite offers an immediately functional interior layout for office-based operations. The space is presented for occupancy and designed to support private office use, including day-to-day work and confidential meetings.
The suite is located at 625 Chandler Street in Worcester, MA. The elevated setting provides a degree of privacy within the building while still offering convenient access to Worcester’s main corridors and surrounding neighborhoods. Please note that the suite is not ADA compliant.
Lease terms are described as gross, with the tenant responsible only for electric.
The suite is located at 625 Chandler Street in Worcester, MA. The elevated setting provides a degree of privacy within the building while still offering convenient access to Worcester’s main corridors and surrounding neighborhoods. Please note that the suite is not ADA compliant.
Lease terms are described as gross, with the tenant responsible only for electric.
Key Highlights
- Built‑out second‑floor commercial office suite in Worcester, ready for occupancy
- Year built: 1985
- Leased on gross terms for straightforward budgeting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,284
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,680
$265.7K
Cap Rate 7%
$189,771
$189.8K
Cap Rate 9%
$147,600
$147.6K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$21.6K $27.00/SF
− Vacancy
−$3.9K −$4.86/SF
EGI
$17.7K $22.14/SF
− OpEx
−$4.4K −$5.54/SF
NOI
$13.3K $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%
$265,680
Cap Rate 7%
$189,771
Cap Rate 9%
$147,600
Alternative Uses
Best Use
Office B
$189.8K
$166.1K – $221.4K
NOI $13,284 @ 7.0% cap · market cap 1,518.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.0K
$233.7K – $311.5K
NOI $18,692 @ 7.0% cap · market cap 2,136.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 01602, MA
25,382
Population
10,483
Households
2.4
Avg Household Size
39
Median Age
47%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
4,376
Density / Sq Mi
$94,351
Median Household Income
$47,259
Median Earnings
$1,471
Median Rent
$380,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Built-out second-floor office suite in Worcester, ready for occupancy and leased on gross terms with tenant responsible for electric.
Where is this office unit located?
The property is located at 625 Chandler Street Unit 23 Worcester, MA.
What are key features of this property?
This property features: Built‑out second‑floor commercial office suite in Worcester, ready for occupancy; Year built: 1985; Leased on gross terms for straightforward budgeting
