Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    10 322 Worcester, MA 01610

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10 322 Worcester, MA 01610

    View on Map
    • Office properties & Spaces
    • 2,244 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 10 322

    Property size
    2,244 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This 2,244 square foot medical office condominium, located within the Vernon Medical Center in Worcester, MA, presents a fantastic opportunity for medical professionals. Situated in a Class C, three-story building, this single-tenant space boasts seven private exam rooms, three private offices, a convenient in-suite bathroom, a reception/check-in counter, and a spacious shared waiting area. The unit is well-maintained and updated, offering a turnkey solution for immediate occupancy. The Vernon Medical Center provides ample on-site paved parking, easily accessible from Vernon Street and Winthrop Street. Its prime location offers convenient access to downtown Worcester, major highways including I-290, Route 146, and the Mass Pike, ensuring easy commutes for both patients and staff, and proximity to area hospitals and medical centers. The building's diverse medical tenant mix fosters a collaborative and supportive environment. This is an exceptional opportunity to own a well-appointed medical office space in a thriving medical complex. The property is located in Worcester County. The total building square footage is 2,244 square feet, with 2,244 square feet currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.794
    Latitude
    42.2489

    Comparable in this City

    • Value Estimation by Request
      2,244 SF

      10 322

      Medical Office Space • 2,244 SF
      10 322, Worcester, MA 01610
      View Details
    • Value Estimation by Request
      6,955 SF

      48 Millbury St

      Restaurants • 6,955 SF
      48 Millbury St, Worcester, MA 01610
      View Details
    • Value Estimation
      $580,000
      26,686 SF

      1040 Southbridge St

      HOMES (RETIRED, NURSING) • 26,686 SF
      1040 Southbridge St, Worcester, MA 01610-2235
      View Details
    • Value Estimation by Request
      1,376 SF

      347 Park Ave

      HOSPITAL - PRIVATE • 1,376 SF
      347 Park Ave, Worcester, MA 01610-1022
      View Details
    • Value Estimation by Request
      4,568 SF

      60 Canterbury St

      OFFICE BUILDING • 4,568 SF
      60 Canterbury St, Worcester, MA 01610-1704
      View Details
    • Value Estimation by Request
      2,981 SF

      333 Park Ave

      OFFICE BUILDING • 2,981 SF
      333 Park Ave, Worcester, MA 01610-1022
      View Details

    Similar Nearby for Sale

    • $1,000,000
      Pending

      Former Nursing Home For Sale

      Former nursing home with highway access, suitable for healthcare.
      18 Hammond St, Worcester, MA 01610
      View Details
    • Contact for pricing
      7,108 SF

      Historic Worcester Building For Sale

      7,108 SF historic building in Worcester, MA, for sale.
      921 Main St, Worcester, MA 01610
      View Details
    • Contact for pricing
      5,091 SF

      Worcester Multifamily/Office Conversion Opportunity

      Three-story building near downtown Worcester with redevelopment potential.
      906 Main St, Worcester, MA 01610
      View Details
    • $599,999
      0.13 Acres

      Worcester Commercial Property Investment

      Two-unit building, prime location, high potential.
      872 Main St, Worcester, MA 01610
      View Details
    • Contact for pricing
      4,700 SF

      Worcester Commercial Building on Park Avenue

      Freestanding commercial building on high-visibility corridor, suitable for automotive uses.
      585 Park Ave, Worcester, MA 01610
      View Details
    • $639,000

      Well-Maintained Three-Family Home

      Three-family home with updates, parking, and income potential.
      4 S Harlem St, Worcester, MA 01610
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Medical/Office Building Near Hospitals

      Three-story, 15,000 SF medical/office building for lease.
      95 Vernon St, Worcester, MA 01610
      View Details
    • Contact for pricing
      33,500 SF

      Worcester Flex R&D Space

      33,500 SF Flex R&D space available for lease.
      100 Green Island Blvd N, Worcester, MA 01610
      View Details
    • Contact for pricing

      Garage with Optional Office/Retail Space

      Garage space with optional office and retail space for rent.
      30 Millbury St, Worcester, MA 01610
      View Details
    • Contact for pricing
      25,000 SF

      Worcester Office Space Near Canal

      Office space near downtown and Canal District with highway access.
      75 Hammond St, Worcester, MA 01610
      View Details
    • $6 SF/Yr
      5,664 SF

      Flexible Warehouse Space Available

      5,664 SF warehouse space for lease near Worcester CBD.
      100 Grand St, Worcester, MA 01610
      View Details
    • Contact for pricing

      Corner Parcel with I-290 Visibility

      2.5-acre corner parcel with high visibility near Polar Park.
      75 Quinsigamond Ave, Worcester, MA 01610
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10 322
    Worcester, MA 01610
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    10 322, Worcester, MA, 01610

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!