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    120 Thomas St Worcester, MA 01608

    Sponsored
    For Lease
    $29 SF/Yr

    Prime Worcester location, modern office suites.

    Lot size:
    32,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    120 Thomas Street in Worcester, MA, presents a unique opportunity for businesses seeking high-quality office space. This three-story, 32,000-square-foot building, recently renovated in 2023, offers a blend of medical and executive office suites. The property boasts a modern design, featuring a new roof, skylights, lobby, elevator, hallways, and building facade. Multiple tenancy options are available, with spaces ranging from a minimum of 2,000 square feet to a maximum contiguous space of 10,000 square feet

    Property Features for 120 Thomas St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,000 SF
    Total Rate
    77333.33

    Building Details

    Year Renovated
    2023
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 300
    Size
    2,250 SF
    Rate per SF
    $29
    Space
    Suite 340
    Size
    3,660 SF
    Rate per SF
    $29
    Space
    Suite 200
    Size
    9,612 SF
    Rate per SF
    $29
    Space
    Suite 240
    Size
    5,520 SF
    Rate per SF
    $29

    HighLights

    • 120 Thomas Street, Worcester, MA offers 32,000 square feet of renovated office space.
    • The three‑story building features modern executive and medical suites.
    • Recent 2023 renovations include a new roof, skylights, lobby, elevator, hallways, and facade.
    • Flexible lease options are available, ranging from 2,000 to 10,000 contiguous square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Faucher Direct Care Doctor Jessica Piper General Practitioner Gameday Men’s Health ... Men'S Health Physician

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7962462
    Latitude
    42.2681083

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    FAQs

    What type of property is this?
    Medical office - Prime Worcester location, modern office suites.
    Where is this medical office located?
    The property is located at 120 Thomas St Worcester, MA.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 120 Thomas Street, Worcester, MA offers 32,000 square feet of renovated office space.; The three-story building features modern executive and medical suites.; Recent 2023 renovations include a new roof, skylights, lobby, elevator, hallways, and facade.
    Request Owner's contact information
    120 Thomas St Worcester, MA 01608
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    Worcester, MA 01608
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    Realmo Value Estimation

    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.

    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.

    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
    120 Thomas St Worcester, MA 01608
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