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Property profile

585 Park Ave Worcester, MA 01603

FOR SALE
Auto shops
Property ID
US38-1272219
6,968 SF 0.69 ac lot Built 1965
Last sale Jun 2018 · $325,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 585 Park Ave, Worcester, Massachusetts is configured as a mixed-use building with commercial space on the first floor and residential space on the second floor. It includes multiple office areas within the first-floor commercial portion, and a portion of the on-site parking area is incorporated into existing income-generating arrangements. The building is arranged to support both commercial and residential occupants, with the second-floor residential arrangement described as…

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?
$22k
Tax billed · 2024
Assessed value$724k
Assessed land$320k
Assessed improvement$404k
Effective rate3.00%

Value estimate

· Oct 2026
$395k
$356k – $435k
AI approach$395k
Submarket $/SF estimate$670k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$171/SF
Submarket average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$62 – $254

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-2
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.3
Law Firm23.4
Parking Facility14.0

Location

585 Park Ave Worcester, MA 01603
County assessor Recorded deeds · 2 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

5 recorded sales · 14 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1369 Main, Worcester, MA 01603-1526 $610,000 Feb 2024 1,980 SF
1103 Main, Worcester, MA 01603-2024 $1,250,000 Nov 2023 6,196 SF
661 Park, Worcester, MA 01603-2034 $400,000 May 2022 2,146 SF
76 Canterbury, Worcester, MA 01603-2809 $720,000 Jul 2021 2,907 SF
1095 Main, Worcester, MA 01603-2051 $245,000 Jun 2019 2,437 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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