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Property profile

4 Lancaster Ter Worcester, MA 01609

FOR SALE
Office buildings
Property ID
US38-0989192
3,235 SF 0.09 ac lot Built 1935
Last sale Jun 2008 · $359,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
4 Lancaster Ter, Worcester, MA 01609 For Sale 1 / 7
$599,000 3,235 SF
4 Lancaster Ter, Worcester, MA 01609
View Listing

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?
$11k
Tax billed · 2024
Assessed value$351k
Assessed land$190k
Assessed improvement$161k
Effective rate3.00%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k
NOI build-up
Gross scheduled income$87k
Vacancy & credit loss−$16k
Operating expenses−$18k
NOI · 8.94% cap applied$54k

Realmo valuation models over county records and 9 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 comparables9

Cap rate analysis

How does the asset earn?
8.94%
$54k 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-2
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop31.4
Auto Parts Store29.6
Wholesale Shop24.5

Location

4 Lancaster Ter Worcester, MA 01609
County assessor Recorded deeds · 1 transfer 9 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
25 Harvard, Worcester, MA 01609-2835 $550,000 Jan 2026 4,269 SF
119 Frst, Worcester, MA 01609-1529 $965,000 Feb 2024 5,670 SF
52 Highland, Worcester, MA 01609-2728 $680,100 Jan 2024 3,979 SF
23 Harvard, Worcester, MA 01609-2835 $740,000 Oct 2023 6,300 SF
30 Highland, Worcester, MA 01609-2704 $300,000 Nov 2020 2,000 SF
292 Park, Worcester, MA 01609-1805 $325,000 Feb 2019 2,679 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

Comparable nearby

  • Value Estimation
    $280,000
    3,478 SF
    129 Piedmont St
    OFFICE BUILDING
    129 Piedmont St, Worcester, MA 01609
    View Details
  • Value Estimation
    $330,000
    3,661 SF
    48 Cedar St
    OFFICE BUILDING
    48 Cedar St, Worcester, MA 01609-2134
    View Details
  • Value Estimation
    $475,000
    2,679 SF
    292 Park Ave
    OFFICE BUILDING
    292 Park Ave, Worcester, MA 01609-1805
    View Details
  • Value Estimation
    $680,000
    3,979 SF
    52 Highland St
    OFFICE BUILDING
    52 Highland St, Worcester, MA 01609-2728
    View Details
  • Value Estimation
    $350,000
    4,117 SF
    2 Boynton St
    OFFICE BUILDING
    2 Boynton St, Worcester, MA 01609
    View Details
  • Value Estimation
    $510,000
    4,269 SF
    25 Harvard St
    OFFICE BUILDING
    25 Harvard St, Worcester, MA 01609-2835
    View Details

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  • New
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Similar in This City for Lease

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  • New
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  • New
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  • New
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  • New
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    Office building located at a named address in Worcester, Massachusetts.
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  • Contact for pricing
    35,000 sqft
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Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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