Property profile

401 Park Ave Worcester, MA 01610

OFF-MARKET
Investment properties
Property ID
US38-1859367
7,538 SF 0.5 ac lot Built 1920
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction FRAME
Total area 7,538 SF
Lot 0.5 ac (21,899 SF)
Zoning code MG-1
APN WORC M:06 B:022 L:00008
UPID US38-1859367

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

401 Park Ave Worcester, MA 01610-1026
Worcester metro Census 731400 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$830k
Blend (final) Blend
$820k

Owner & transaction history

since 2018
2 recorded transactions
2019
Price N/A
2018
$365,000

Zoning & alternative use

MG-1 · Worcester, MA
Top alternative use upside
Auto repair, garage $1.3M +90.7%
Retail stores $1.1M +63.0%
Neighborhood: shopping center $950,000 +40.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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