Property profile

82 Park Ave Worcester, MA 01609

OFF-MARKET
Investment properties
Property ID
US38-1323545
3,724 SF 0.44 ac lot Built 1909
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1909
Construction FRAME
Total area 3,724 SF
Lot 0.44 ac (19,050 SF)
Zoning code RS-10
APN WORC M:20 B:007 L:00006
UPID US38-1323545

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice Spa & Massage Center

Location

82 Park Ave Worcester, MA 01609-1742
Worcester metro Census 730600 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
$775k
Comparable Approach Comparable
$628k
Blend (final) Blend
$490k

Owner & transaction history

since 2023
Last sale
$575,000
3 recorded transactions
2023
$575,000
2019
$350,000
1990
$244,000

Zoning & alternative use

RS-10 · Worcester, MA
Zoning description

The purpose of the RS-10 is the promotion of residential uses and related uses

General category RESIDENTIAL
Top alternative use upside
Auto repair, garage $635,000 +40.7%
Retail stores $545,000 +20.3%
Neighborhood: shopping center $470,000 +3.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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