Grocery and Convenience Store
New
For Sale
$530,000
204 Cambridge St, Worcester, MA 01603
Commercial Sale, Worcester, MA
Property Size2,543 SF
Lot Size0.23 Acres
Price / SF$208.42
Days on Market5
Property Features for 204 Cambridge St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BL-1
Zoning description
Legal Conforming
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Use GPS. Property located at the intersection of Cambridge St., Fremont St. and 242 Canterbury St.
Standard status
Active
APN
M:07 B:048 L:00013,1769603
Size
2,543 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6595
Amenities
loading dock
walk-in cooler
Building Details
Year built
1945
Listing Agency:
RE/MAX Compass · RE/MAX International
(413) 568-0040
Listed By:
William Miner · License #REB.0790223
(413) 568-0040
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 21 at 1:06PM
MLS# 73564775
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial building at 204 Cambridge St. contains 2,543 square feet on a 0.2322-acre lot. Built in 1945, the property includes a loading dock, walk-in cooler, and a bathroom. Approximately 10-15 parking spaces serve the site, supporting day-to-day customer and operational needs.
The property is located in Worcester, Massachusetts, with stated access to surrounding neighborhoods, major roadways, employment centers, and the broader Worcester market. BL-1 zoning and the existing commercial improvements provide a defined setting for evaluating grocery, convenience, and related retail applications.
The property is located in Worcester, Massachusetts, with stated access to surrounding neighborhoods, major roadways, employment centers, and the broader Worcester market. BL-1 zoning and the existing commercial improvements provide a defined setting for evaluating grocery, convenience, and related retail applications.
Key Highlights
- 2,543‑square‑foot building on a 0.2322‑acre lot
- BL‑1 zoning
- Approximately 10‑15 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,094
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,880
$821.9K
Cap Rate 7%
$587,057
$587.1K
Cap Rate 9%
$456,600
$456.6K
Market Conditions
NOI Build-Up for 2,543 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.0K $22.80/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$54.8K $21.55/SF
− OpEx
−$13.7K −$5.39/SF
NOI
$41.1K $16.16/SF
Area
Worcester, MA
Vacancy
5.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,880
Cap Rate 7%
$587,057
Cap Rate 9%
$456,600
Alternative Uses
Best Use
Specialty Retail
$587.1K
$513.7K – $684.9K
NOI $41,094 @ 7.0% cap · market cap 7.75%
Second Best
Retail
$499.3K
$436.9K – $582.5K
NOI $34,952 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$848.8K
$742.7K – $990.3K
NOI $59,416 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 25%
Shops & Services 24%
Electronics 3%
McDonald's
Dining
33,435 visits/mo
0.4 miles
Price Chopper Supermarkets
Groceries
18,977 visits/mo
0.4 miles
Dollar General
Shops & Services
8,205 visits/mo
0.5 miles
7-Eleven
Shops & Services
7,088 visits/mo
0.5 miles
Little Caesars Pizza
Dining
2,571 visits/mo
0.5 miles
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Makola Market — 1145 Main St, Worcester, MA 01603
- Chinese supermarket — Worcester, MA 01603
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- Plaza Supermarket — 1000 Main St, Worcester, MA 01603
- Worcester Beer Garden — No, 84 54 Carrera Office, Worcester, MA 01608
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - BL-1-zoned commercial building with a loading dock, walk-in cooler, and on-site parking.
Where is this grocery and convenience store located?
The property is located at 204 Cambridge St Worcester, MA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2,543‑square‑foot building on a 0.2322‑acre lot; BL‑1 zoning; Approximately 10‑15 parking spaces
