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    Property profile & analytics

    27 Austin St Worcester, MA 01609-2423

    • Investment properties
    • 93,903 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $5,180,000
    Last Sale
    Jan 04, 2024
    $5,185,000
    Location Intelligence
    Property ID
    US38-2446775
    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

    • 27 Austin St Garage / Parking Lot
    • LAZ Parking / Parking Garage

    Property Details for 27 Austin St

    Year built
    1992
    Construction
    CONCRETE
    Lot size
    0.55 lot acres
    Property size
    93,903 SF
    Zone code
    BG-3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WORC M:03 B:018 L:00047
    APU
    WORCM03B018L00047

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,420,000
      6.5%
      $5,070,000
      7%
      $4,665,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,975,000
      Geo Method
      $5,865,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,210,000
      Retail
      $4,625,000
      Mixed-Use
      $5,260,000
      Hospitality
      $5,240,000
      Educational
      $4,895,000
      Residential Income
      $5,010,000
      Energy
      $5,320,000
      Income-Based Land
      $4,740,000
      Food Service
      $4,600,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8058
    Latitude
    42.2606
    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
    2015
    $82,000
    $180,000
    $3,769,700
    $3,949,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      113 Highland St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.14 Acres
      113 Highland St, Worcester, MA 01609-2763
      View Details
    • Value Estimation by Request
      4,391 SF

      23 Institute Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,391 SF
      23 Institute Rd, Worcester, MA 01609-2713
      View Details
    • Value Estimation by Request
      4,873 SF

      2 Hackfeld Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,873 SF
      2 Hackfeld Rd, Worcester, MA 01609-1459
      View Details
    • Value Estimation by Request
      9,057 SF

      1 Ashland St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,057 SF
      1 Ashland St, Worcester, MA 01609-2524
      View Details
    • Value Estimation by Request
      10,295 SF

      79 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,295 SF
      79 Pleasant St, Worcester, MA 01609-3200
      View Details
    • Value Estimation by Request
      17,440 SF

      111 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 17,440 SF
      111 Pleasant St, Worcester, MA 01609-3207
      View Details

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      Three-family property with strong rental potential near key locations.
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    Similar Nearby for Lease

    • $2,999 /Mo

      Worcester Retail/Office Space Available

      Highly visible, flexible retail/office space in Worcester with strong foot traffic.
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    • $800 /Mo
      4,792 SF

      Downtown Worcester Office Space Available

      Customizable office space in downtown Worcester with parking and easy access.
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      26,117 SF

      Worcester Office Space Available

      Modern office suites, coworking spaces.
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    • $3,000 /Mo

      Office Space with Conference Room

      Office suite with kitchen, conference room, utilities, and parking.
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    • $750 /Mo

      Professional Shared Office Facility

      Shared office facility with included amenities and flexible lease terms.
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    • $2,495,000
      8,232 SF

      Professional Building with Apartments

      Three-story building suitable for medical, dental, or office use.
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    27 Austin St
    Worcester, MA 01609-2423
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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
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