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    Property profile & analytics

    997 Millbury St, Unit 5 Worcester, MA 01607-2105

    • Office Properties & Spaces
    • 2,400 SF
    OFF-MARKET
    Value Estimation
    $775,000
    Last Sale
    Oct 03, 2022
    $848,000
    Location Intelligence
    Property ID
    US38-2161415
    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

    • Eagle Cleaning Corporation / Commercial Cleaning Service / Carpet Cleaning Service
    • Environmental Compliance Services, Inc. / Environmental Consultant / Asbestos Testing Service
    • Jo Ann Warren Studio / Dance School / Ballet School
    • GIA Home Care Services LLC / Home Health Care Service / Adult Foster Care Service

    Property Details for 997 Millbury St

    Year built
    1900
    Property size
    2,400 SF
    Zone code
    343
    Property type
    Office Properties & Spaces
    APN
    WORC M:10 B:038 L:997-5
    APU
    WORCM10B038L9975

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $965,000
      6.5%
      $800,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $890,000
      Geo Method
      $915,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,080,000
      Retail
      $1,000,000
      Mixed-Use
      $1,010,000
      Hospitality
      $1,015,000
      Educational
      $1,000,000
      Residential Income
      $1,055,000
      Energy
      $850,000
      Income-Based Land
      $1,075,000
      Food Service
      $995,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7931
    Latitude
    42.2372
    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
    $8,282
    $0.00
    $275,700
    $275,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      4,757 SF

      997 Millbury St, Unit 1

      CONDOMINIUM OFFICES • 4,757 SF
      997 Millbury St, Worcester, MA 01607-2105
      View Details
    • Value Estimation
      $440,000
      3,360 SF

      997 Millbury St, Unit 2

      CONDOMINIUM OFFICES • 3,360 SF
      997 Millbury St, Worcester, MA 01607-2105
      View Details
    • Value Estimation
      $770,000
      4,680 SF

      997 Millbury St, Unit 4

      CONDOMINIUM OFFICES • 4,680 SF
      997 Millbury St, Worcester, MA 01607-2105
      View Details
    • Value Estimation by Request
      13,552 SF

      125 Blackstone Riv Rd

      OFFICE BUILDING • 13,552 SF
      125 Blackstone Riv Rd, Worcester, MA 01607-1491
      View Details
    • Value Estimation
      $280,000
      1,079 SF

      342 Greenwood St

      OFFICE BUILDING • 1,079 SF
      342 Greenwood St, Worcester, MA 01607-1729
      View Details
    • Value Estimation by Request
      0.18 Acres

      1060th Millbury St

      INDUSTRIAL - VACANT LAND • 0.18 Acres
      1060th Millbury St, Worcester, MA 01607-1445
      View Details

    Similar Nearby for Sale

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      Professional Office Building For Sale

      Well-located office building in Worcester, Millbury & Auburn area.
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      Residential Land Site For Sale

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      View Details
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      Worcester Property Requiring Renovation

      Fire-damaged property requiring complete renovation, sold as-is.
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      View Details
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      Worcester Triplex Investment Opportunity

      Three-unit property in Worcester with income potential and recent updates.
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    • Contact for pricing
      2 SF

      Corner Lot Near Route 146

      2.4-acre corner lot ideal for retail or restaurant.
      277 Providence St, Worcester, MA 01607
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,752 SF

      Worcester Industrial Property for Lease

      37.95-acre industrial property with multiple buildings available for lease.
      267 Granite St, Worcester, MA 01607
      View Details
    • $7 SF/Yr
      42,442 SF

      Industrial Warehouse Space with Docks

      Industrial warehouse space featuring loading docks and ample parking.
      149 Greenwood St, Worcester, MA 01607
      View Details
    • $1,250 /Mo
      1,200 SF

      Retail/Office/Industrial Space with Garage Door

      Commercial space for lease with high ceilings and convenient location.
      9 Halmstad St, Worcester, MA 01607
      View Details
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    Worcester, MA 01607-2105
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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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