Technical
Financial
Distress signals
Property profile

540 Park Ave Worcester, MA 01603

OFF-MARKET
Parking lots & garages
Property ID
US38-0401656
616 SF 0.3 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Total area 616 SF
Lot 0.3 ac (12,864 SF)
Zoning code BG-3
APN WORC M:14 B:024 L:00003
UPID US38-0401656

Cap rate & NOI

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

Location

540 Park Ave Worcester, MA 01603
Worcester metro Census 731101 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.48M

Owner & transaction history

since 2023
Last sale
$2.4M
1 recorded transaction
2023
$2.4M

Zoning & alternative use

BG-3 · Worcester, MA

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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