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    Property profile & analytics

    8 Austin St Worcester, MA 01609-2419

    • Office buildings
    • 11,464 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $5,100,000
    Last Sale
    Jan 20, 2021
    $5,775,000
    Location Intelligence
    Property ID
    US38-1690419
    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

    • Office buildings

    Property Details for 8 Austin St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Property size
    11,464 SF
    Zone code
    BG-6
    Property type
    Office buildings
    APN
    WORC M:03 B:19A L:0004A
    APU
    WORCM03B19AL0004A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,685,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,255,000
      6.5%
      $5,955,000
      7%
      $5,705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,330,000
      Geo Method
      $6,280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,495,000
      Retail
      $5,320,000
      Mixed-Use
      $4,855,000
      Hospitality
      $6,475,000
      Educational
      $5,270,000
      Residential Income
      $5,865,000
      Energy
      $5,470,000
      Income-Based Land
      $6,515,000
      Food Service
      $5,885,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8047
    Latitude
    42.2608
    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
    $27,048
    $139,000
    $761,400
    $900,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $555,000
      8,292 SF

      34 Cedar St

      OFFICE BUILDING • 8,292 SF
      34 Cedar St, Worcester, MA 01609-2560
      View Details
    • Value Estimation by Request
      10,320 SF

      71 Elm St

      OFFICE BUILDING • 10,320 SF
      71 Elm St, Worcester, MA 01609-2353
      View Details
    • Value Estimation
      $200,000
      2,486 SF

      16 Harvard St

      OFFICE BUILDING • 2,486 SF
      16 Harvard St, Worcester, MA 01609-2833
      View Details
    • Value Estimation
      $290,000
      4,940 SF

      37 Highland St

      OFFICE BUILDING • 4,940 SF
      37 Highland St, Worcester, MA 01609-2703
      View Details
    • Value Estimation
      $350,000
      5,832 SF

      43 Highland St

      OFFICE BUILDING • 5,832 SF
      43 Highland St, Worcester, MA 01609-2703
      View Details
    • Value Estimation by Request
      7,787 SF

      41 Elm St

      OFFICE BUILDING • 7,787 SF
      41 Elm St, Worcester, MA 01609-2573
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2,999 /Mo

      Worcester Retail/Office Space Available

      Highly visible, flexible retail/office space in Worcester with strong foot traffic.
      242-244 Pleasant St, Worcester, MA 01609
      View Details
    • $800 /Mo
      4,792 SF

      Downtown Worcester Office Space Available

      Customizable office space in downtown Worcester with parking and easy access.
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      View Details
    • $17 SF/Yr
      26,117 SF

      Worcester Office Space Available

      Modern office suites, coworking spaces.
      43 Harvard St, Worcester, MA 01609
      View Details
    • $3,000 /Mo

      Office Space with Conference Room

      Office suite with kitchen, conference room, utilities, and parking.
      34 Cedar St, Worcester, MA 01609
      View Details
    • $750 /Mo

      Professional Shared Office Facility

      Shared office facility with included amenities and flexible lease terms.
      255 Park Ave, Worcester, MA 01609
      View Details
    • Contact for pricing
      2,106 SF

      Worcester Office Space For Rent

      Attractive office space near courthouse, convenient location off I-290.
      10-12 Harvard St, Worcester, MA 01609
      View Details
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    8 Austin St
    Worcester, MA 01609-2419
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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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