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Property profile & analytics
OFF-MARKET
Office buildings
708 Park Ave Worcester, MA 01603-2035
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0467238
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,104 SF
Lot
0.13 ac (5,713 SF)
Zoning code
BG-2
APN
WORC M:08 B:025 L:00009
UPID
US38-0467238
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Oasis Home Care, LLC Home Health Care Service
-
Arca Health VNA Home Health Care Service
-
Oasis Home Care Home Health Care Service
-
Eterna Pharmacy Pharmacy
-
John F Finnegan Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
708 Pk Ave LLC · 5 yrs held
708 Pk Ave LLC
since 2020
Last sale
$292,000
5 recorded transactions
Zoning & alternative use
BG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Worcester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Worcester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,427
Tax year 2024
Assessed value
$380,400
Assessed 2024
Previous assessed
$362,400
+5.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$142,200
Assessed improvement
$238,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,104 SF
Lot
0.13 ac (5,713 SF)
Zoning code
BG-2
APN
WORC M:08 B:025 L:00009
UPID
US38-0467238
Jurisdiction
WORCESTER
Zoning & alternative use
BG-2 · Worcester, MA
Zoning BG-2 · permitted uses
BG-2 · Worcester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Worcester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
708 Pk Ave LLC
Entity
Mailing address
708 PARK AVE, WORCESTER, MA 01603-2035
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
—
708 Park Avenue LLC
—
Deed
related
$289,000 · Berkshire Bank
Jul 30, 2020
$310,000
708 Pk Ave LLC
Fairbanks Beret LLC
Quit Claim Deed
$248,000 · Fairbanks Beret LLC
May 31, 2017
$292,000
Fairbanks Beret INC
Sjf Realty LLC
Quit Claim Deed
—
Mar 11, 2002
$180,000
Sjf Realty LLC
Clonmel Corp
Grant Deed
$144,000 · Bay State Savings Bank
Mar 21, 1994
$63,000
Clonmel Corp
Pft Enterprises INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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