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    Property profile & analytics

    561 Park Ave Worcester, MA 01603-2536

    • Retail space
    • 1,464 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US38-1059252
    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

    • Hertz Car Rental - Worcester - Park Avenue HLE / Car Rental Agency
    • Hertz Truck Rental - Worcester Truck & Van / Truck Rental Agency

    Property Details for 561 Park Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    1,464 SF
    Zone code
    BG-2
    Property type
    Retail space
    APN
    WORC M:08 B:011 L:00029
    APU
    WORCM08B011L00029

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $230,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $235,000
      Mixed-Use
      $230,000
      Hospitality
      $275,000
      Educational
      $220,000
      Residential Income
      $280,000
      Energy
      $265,000
      Income-Based Land
      $215,000
      Food Service
      $205,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8308
    Latitude
    42.2499
    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
    2024
    $13,061
    $319,800
    $115,000
    $434,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $695,000
      13,582 SF

      23 Curtis St

      RETAIL STORES (PERSONAL SERVICES) • 13,582 SF
      23 Curtis St, Worcester, MA 01603-1921
      View Details
    • Value Estimation
      $355,000
      6,176 SF

      127 Cambridge St

      RETAIL STORES (PERSONAL SERVICES) • 6,176 SF
      127 Cambridge St, Worcester, MA 01603-2258
      View Details
    • Value Estimation
      $250,000
      3,809 SF

      100 Canterbury St

      RETAIL STORES (PERSONAL SERVICES) • 3,809 SF
      100 Canterbury St, Worcester, MA 01603-3251
      View Details
    • Value Estimation
      $375,000
      6,475 SF

      1405 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,475 SF
      1405 Main St, Worcester, MA 01603-0009
      View Details
    • Value Estimation
      $435,000
      9,947 SF

      1051 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,947 SF
      1051 Main St, Worcester, MA 01603-2421
      View Details
    • Value Estimation by Request
      14,853 SF

      99 Stafford St

      RETAIL STORES (PERSONAL SERVICES) • 14,853 SF
      99 Stafford St, Worcester, MA 01603-1456
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,200 SF

      Worcester Retail/Flex Building For Sale

      10,200 SF retail/flex building on 0.76 acres in Worcester.
      600 Park Ave, Worcester, MA 01603
      View Details
    • $850,000
      3,576 SF

      Fully Occupied Commercial Property

      Commercial property with high visibility and accessibility in a busy corridor.
      1 Ferdinand St, Worcester, MA 01603
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    • $525,000

      Versatile Commercial Building in Worcester

      3,026 SF commercial building in Worcester's Main South corridor.
      9 Stafford St, Worcester, MA 01603
      View Details
    • $2,250,000
      4,403 SF

      Restaurant Property in Webster Square

      High-visibility restaurant property in Worcester's Webster Square neighborhood.
      3 Stafford St, Worcester, MA 01603
      View Details
    • $950,000
      7,664 SF

      Historic Worcester Mixed-Use Landmark

      Mixed-use property with bar and multifamily units for sale.
      139 Grand Street Ct, Worcester, MA 01603
      View Details
    • $1,150,000
      1,980 SF

      Updated Auto Repair Garage For Sale

      Four-bay auto repair garage with successful business and equipment.
      1369 Main St, Worcester, MA 01603
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      24,829 SF

      Versatile Commercial Space in Worcester

      Spacious retail unit with office and warehouse potential.
      589 Park Ave, Worcester, MA 01603
      View Details
    • $1,800 /Mo

      High-Traffic Retail Space Available

      Retail space with excellent visibility on a busy main road.
      539 Park Ave, Worcester, MA 01603
      View Details
    • Contact for pricing
      68,966 SF

      Worcester Retail Space Available

      Retail space available for lease in Worcester, Massachusetts.
      50 Cambridge St, Worcester, MA 01603
      View Details
    • Contact for pricing
      6,000 SF

      Worcester Commercial Land Opportunity

      2.4 Acres, Up to 6,000 SF
      49 James St, Worcester, MA 01603
      View Details
    • Contact for pricing
      5,238 SF

      Worcester Retail Space For Lease

      Prime Webster Square location, 5,200 SF available.
      1125 Main St, Worcester, MA 01603
      View Details
    • $2,700 /Mo

      Garage and Office Space Available

      Two-bay garage with office space near downtown.
      83 Southgate St, Worcester, MA 01603
      View Details
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    561 Park Ave
    Worcester, MA 01603-2536
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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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