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Property profile & analytics

68 Albany St Worcester, MA 01604-3655

  • Warehouses
  • 31,321 SF
  • 0.95 lot acres
OFF-MARKET
Value Estimation
$740,000
Location Intelligence
Property ID
US38-0609494
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

  • Warehouses

Property Details for 68 Albany St

Year built
1975
Construction
STEEL FRAME
Lot size
0.95 lot acres
Property size
31,321 SF
Zone code
MG-2
Property type
Warehouses
APN
WORC M:16 B:031 L:00003
APU
WORCM16B031L00003

Description

This ±31,175 square foot industrial property, located at 68 Albany Street in Worcester, MA, presents a significant opportunity for manufacturing or warehouse operations. Built in 1975 and situated on a 0.95-acre lot, the single-tenant building boasts a 24-foot ceiling height, ideal for various industrial uses. Two oversized drive-in doors facilitate efficient loading and unloading, complemented by two bridge cranes for enhanced material handling. The property is zoned MG-2 (General Manufacturing) and benefits from excellent access to major transportation arteries, including Routes 20, 146, I-290, and the Massachusetts Turnpike (I-90). Outside fenced storage provides additional space for materials or equipment. The property is currently vacant and the owner is open to negotiating interior improvements, such as new LED lighting, interior painting, and office upgrades, which can be incorporated into the lease terms. This well-maintained facility offers a strategic location and adaptable space for a variety of industrial businesses seeking a presence in Worcester County. The property's size, features, and convenient location make it an attractive option for companies requiring substantial warehouse and/or manufacturing space. Serious inquiries are encouraged to explore this exceptional opportunity.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $675,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,080,000
    6.5%
    $985,000
    7%
    $1,030,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $895,000
    Geo Method
    $940,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $855,000
    Retail
    $910,000
    Mixed-Use
    $1,165,000
    Hospitality
    $955,000
    Educational
    $1,125,000
    Residential Income
    $1,145,000
    Energy
    $1,115,000
    Income-Based Land
    $1,085,000
    Food Service
    $895,000

Location Insight

  • Map
  • Local Demand
City
Worcester
County
Worcester
State
Massachusetts
Longitude
-71.7817
Latitude
42.266
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
$39,403
$112,400
$1,199,300
$1,311,700
-
$0.00
$0.00
$0.00
More about this property
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