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Property profile

10 Institute Rd Worcester, MA 01609

FOR SALE
Office buildings
Property ID
US38-0571526
7,925 SF 0.24 ac lot Built 1900
Last sale May 2025 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 10 Institute Road in Worcester is configured for professional office use, offering individual suite spaces of approximately 850 square feet and the ability to combine suites for up to approximately 4,000 square feet of contiguous space. The interior layout is designed to accommodate a range of office configurations, supporting multiple professional tenant types. The building includes ample off-street parking, and it is positioned for convenient access to major routes including…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$24k
Tax billed · 2024
Assessed value$805k
Assessed land$399k
Assessed improvement$406k
Effective rate3.00%

Value estimate

· Oct 2026
$705k
$635k – $776k
Submarket $/SF estimate$955k
NOI build-up
Gross scheduled income$108k
Vacancy & credit loss−$19k
Operating expenses−$22k
NOI · 265,680.00% cap applied$66k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$125/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$82 – $187
Qualifying comparables4

Cap rate analysis

How does the asset earn?
265,680.00%
$66k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BG-6
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store9.0
Electrical Service8.8
Shoe Repair8.7

Location

10 Institute Rd Worcester, MA 01609
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
47 Harvard, Worcester, MA 01609-2840 $840,000 Oct 2024 6,860 SF
34 Cedar, Worcester, MA 01609-2560 $565,000 Apr 2024 8,292 SF
23 Harvard, Worcester, MA 01609-2835 $740,000 Oct 2023 6,300 SF
60 William, Worcester, MA 01609-2160 $600,000 Mar 2023 7,673 SF
55 Linden, Worcester, MA 01609-4612 $932,500 Sep 2021 9,242 SF
15 Harvard, Worcester, MA 01609 $1,150,000 Dec 2020 8,716 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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