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Financial
Distress signals
Property profile

446 Main St Worcester, MA 01608

FOR LEASE
Office buildings
Property ID
US38-0568366
280,191 SF 1.64 ac lot Built 1972
Last sale Oct 2019 · $16,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

446 Main Street is a 24-story Class A office building in Worcester’s Central Business District, located within walking distance of Union Station, Worcester City Hall, and the federal and district courthouses. The building is configured with large floorplates suitable for flexible office layouts and can support office space requirements ranging from smaller to larger tenants and future expansion. It has oversized windows that provide natural light and views, and it is served by public…

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?
$451k
Tax billed · 2024
Assessed value$15.01M
Assessed land$3.02M
Assessed improvement$12.00M
Effective rate3.00%

Value estimate

· Oct 2026
$22.03M
$19.82M – $24.23M
Submarket $/SF estimate$22.93M

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BG-6
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.5
Pet Store8.4
Veterinary Clinic8.4

Location

446 Main St Worcester, MA 01608
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
108 Beacon, Worcester, MA 01608-2216 $1,300,000 Dec 2024 9,040 SF
335 Main, Worcester, MA 01608 $610,000 Jun 2023 33,194 SF
35 Waldo, Worcester, MA 01608 $3,200,000 Jun 2023 30,426 SF
24 Southbridge, Worcester, MA 01608-2019 $3,500,000 Jan 2021 54,559 SF
390 Main, Worcester, MA 01608-2583 $4,150,000 Nov 2020 167,628 SF
120 Frnt, Worcester, MA 01608-1413 $14,850,000 Nov 2018 174,365 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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