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Property profile & analytics

8 Norwich St Worcester, MA 01608

  • Office buildings
  • 7,488 SF
  • 0.09 lot acres
Value Estimation
$735,000
Last Sale
Apr 27, 2022
$855,000
Location Intelligence
Property ID
US38-1169364
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Joffrey Smith Financial Group / Financial Planner
  • Concordia Exchange / Insurance Agency

Property Details for 8 Norwich St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.09 lot acres
Property size
7,488 SF
Zone code
BG-6
Property type
Office buildings
APN
WORC M:02 B:026 L:00027
APU
WORCM02B026L00027

Description

This exceptional Worcester, MA, office property at 8 Norwich Street offers two executive suites for lease. The building, a Class B property constructed in 1900, totals 7,488 square feet and features two suites. The first-floor suite comprises approximately 1,100 square feet, ideal for a smaller team, with open space suitable for cubicles, a reception area, and a private office. The second-floor suite offers approximately 3,750 square feet of newly renovated space, boasting 12 private offices, a conference room, and open floor plan. Both suites benefit from high ceilings and abundant natural light. A shared kitchenette is conveniently located on the lower level. The suites can be leased individually or combined for a total of approximately 4,850 square feet of contiguous space. The property is ideally situated in downtown Worcester, within walking distance of City Hall, the DCU Center, federal and district courthouses, and numerous banks, hotels, and restaurants. Its convenient location also offers easy access to major highways, including I-290, I-90, Route 9, and Route 20, ensuring seamless commutes. The property is zoned BG-6. This is a fantastic opportunity for businesses seeking a prestigious and well-located office space in the heart of Worcester. Minimum leasable space is 1,100 square feet, with a maximum contiguous space of 4,844 square feet. The building is located in Worcester County.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $700,000
  • CAP approach

    CAP return
    Estimation
    6%
    $955,000
    6.5%
    $835,000
    7%
    $885,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $760,000
    Geo Method
    $775,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $870,000
    Retail
    $785,000
    Mixed-Use
    $1,015,000
    Hospitality
    $1,040,000
    Educational
    $925,000
    Residential Income
    $965,000
    Energy
    $955,000
    Income-Based Land
    $1,020,000
    Food Service
    $850,000

Location Insight

  • Map
  • Local Demand
City
Worcester
County
Worcester
State
Massachusetts
Longitude
-71.801
Latitude
42.2644
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,018
$543,000
$23,500
$566,500
-
$0.00
$0.00
$0.00
More about this property
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