Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

76 Mill St Worcester, MA 01603

FOR SALE
Office buildings
Property ID
US38-1038913
3,900 SF 0.31 ac lot Built 1935
Last sale Aug 2024
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property at 76 Mill St in Worcester, Massachusetts is a 3,900-square-foot building constructed in 1935, located at the corner of Park Ave and Mill St near Webster Square. The site is zoned RL-7 and is configured as a low-density residential zone that may allow for certain office or other compatible commercial uses depending on local zoning regulations and permitting. The location provides access to nearby Route 290 and the Mass Pike, supporting convenient travel for employees and visitors.

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?
$11k
Tax billed · 2024
Assessed value$374k
Assessed land$234k
Assessed improvement$140k
Effective rate3.00%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$105k
Vacancy & credit loss−$19k
Operating expenses−$22k
NOI · 9.32% cap applied$65k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$125/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$82 – $187
Qualifying comparables6

Cap rate analysis

How does the asset earn?
9.32%
$65k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RL-7
The purpose of the RL-7 is the promotion of residential uses and related uses
General categoryRESIDENTIAL
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm19.1
Realty agency17.4
Gym & Fitness11.6

Location

76 Mill St Worcester, MA 01603
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales 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

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1158 Main, Worcester, MA 01603-2011 $650,000 Dec 2023 3,718 SF
548 Park, Worcester, MA 01603-2537 $2,400,000 Aug 2023 9,200 SF
1280 Main, Worcester, MA 01603-1861 $950,000 Dec 2022 5,868 SF
507 Park, Worcester, MA 01603-2534 $255,000 Jan 2021 2,201 SF
5 Park Ave, Worcester, MA 01603-2945 $95,900 Sep 2020 4,440 SF
708 Park, Worcester, MA 01603-2035 $292,000 Jul 2020 2,104 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again