120 Thomas St Worcester, MA 01608
- Showrooms
- 23,110 SF
- 1.37 lot acres
Current Use by Public Records
- Faucher Direct Care / Doctor / Geriatrician
- Jessica Piper / General Practitioner / Nurse Practitioner
- Gameday Men’s Health Worcester / Medical Clinic / Medical Office
Property Details for 120 Thomas St
- Year built
- 1970
- Construction
- CONCRETE
- Lot size
- 1.37 lot acres
- Property size
- 23,110 SF
- Zone code
- ML40
- Property type
- Showrooms
- APN
- WORC M:02 B:005 L:00004
- APU
- WORCM02B005L00004
Description
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
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,855,000
- 6.5%
- $2,755,000
- 7%
- $2,525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,695,000
- Geo Method
- $2,715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,985,000
- Retail
- $2,440,000
- Mixed-Use
- $2,570,000
- Hospitality
- $3,105,000
- Educational
- $2,255,000
- Residential Income
- $2,835,000
- Energy
- $2,650,000
- Income-Based Land
- $2,320,000
- Food Service
- $2,530,000
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7965
- Latitude
- 42.2681
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA