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    Property profile & analytics

    981 Worcester St Wellesley, MA 02482

    • Office buildings
    • 2.61 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US38-1908757
    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

    • MMA / Insurance Agency
    • Cochrane & Porter Insurance Agency / Insurance Agency
    • Leaders For Today / Recruiter
    • The Vascular Care Group - Newton-Wellesley / Surgeon
    • Christopher Kwolek, MD / Doctor

    Property Details for 981 Worcester St

    Lot size
    2.61 lot acres
    Property type
    Office buildings
    APN
    WELL M:200 R:031 S:
    APU
    WELLM200R031S

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wellesley
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3247
    Latitude
    42.3053
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    $115,072
    $0.00
    $11,054,000
    $11,054,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      471-473 Washington St

      OFFICE BUILDING • 0.32 Acres
      471-473 Washington St, Wellesley, MA 02482
      View Details
    • Value Estimation by Request
      0.13 Acres

      869 Worcester St

      OFFICE BUILDING • 0.13 Acres
      869 Worcester St, Wellesley, MA 02482-3702
      View Details
    • Value Estimation
      $5,325,000
      0.25 Acres

      103 Central St

      OFFICE BUILDING • 0.25 Acres
      103 Central St, Wellesley, MA 02482-5710
      View Details
    • Value Estimation by Request
      0.81 Acres

      592 Washington St

      OFFICE BUILDING • 0.81 Acres
      592 Washington St, Wellesley, MA 02482-6417
      View Details
    • Value Estimation
      $15,695,000
      1.49 Acres

      40 Grv St

      OFFICE BUILDING • 1.49 Acres
      40 Grv St, Wellesley, MA 02482-7702
      View Details
    • Value Estimation by Request
      0.60 Acres

      873 Worcester St

      OFFICE BUILDING • 0.60 Acres
      873 Worcester St, Wellesley, MA 02482-3714
      View Details

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    Similar Nearby for Lease

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      Office space available for rent in Wellesley, Massachusetts.
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      2,500 SF

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      2,500 SF space within Boston Sports Institute for lease.
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      Wellesley Office Space For Rent

      Office space in a desirable Wellesley location with signage opportunities.
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      Wellesley Square Retail Opportunity

      Retail, medical, fitness, cafe, or restaurant space for lease.
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      Professional Office Space Available

      2,103 SF office space in a walkable location.
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      50,588 SF

      Wellesley Office Suites: Prime Location

      Boutique office spaces in desirable Wellesley, MA.
      40 Grove St, Wellesley, MA 02482
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      8.7k
    • Avg Time on site
      7 min
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    Wellesley, MA 02482
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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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