Three-Unit Retail
New
For Sale
$1,200,000
1 Ferdinand Street, Worcester, MA 01603
Three commercial spaces are occupied by a laundromat, a game and snack lounge, and a neighborhood convenience store.
Property Size7,964 SF
Price / SF$150.68
Days on Market6
Property Features for 1 Ferdinand Street
General Information
Standard status
Active
Size
7,964 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Year Built
1965
Tenancy
Multi
Listing Agency:
Century 21 North East
Listed By:
Elizabeth Cruz · License #128363
(508) 769-3532
Source:
Kelleyrege
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 14 at 11:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 North East
Investment Insights
Based on property information with market context.
This 7,964-square-foot retail property contains three commercial units, all currently leased. The largest space operates as a laundromat, while the other units accommodate a video game and snack lounge and a neighborhood convenience store. The laundromat business is excluded from the real estate sale and is offered separately.
Built in 1965, the property is located at 1 Ferdinand Street in Worcester, Massachusetts.
Built in 1965, the property is located at 1 Ferdinand Street in Worcester, Massachusetts.
Key Highlights
- Three occupied commercial units
- 7,964 square feet of retail space
- Existing tenants include a laundromat, video game and snack lounge, and neighborhood convenience store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,461
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,189,220
$2.2M
Cap Rate 7%
$1,563,729
$1.6M
Cap Rate 9%
$1,216,233
$1.2M
Market Conditions
NOI Build-Up for 7,964 SF
Gross rent
$167.2K $21.00/SF
− Vacancy
−$10.9K −$1.37/SF
EGI
$156.4K $19.64/SF
− OpEx
−$46.9K −$5.89/SF
NOI
$109.5K $13.74/SF
Area
Worcester, MA
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,189,220
Cap Rate 7%
$1,563,729
Cap Rate 9%
$1,216,233
Alternative Uses
Best Use
Specialty Retail
$1.84M
$1.61M – $2.14M
NOI $128,694 @ 7.0% cap · market cap 10.72%
Second Best
Retail
$1.56M
$1.37M – $1.82M
NOI $109,461 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,075 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 26%
Dining 22%
Electronics 5%
Big Y World Class Market
Groceries
35,667 visits/mo
0.4 miles
Wendy's
Dining
16,455 visits/mo
0.2 miles
ScrubaDub Car Wash
Shops & Services
13,171 visits/mo
0.4 miles
Berkshire Bank
Shops & Services
4,520 visits/mo
0.3 miles
AT&T
Electronics
2,260 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
- Coin Cloud Bitcoin ATM — 1051 Main St, Worcester, MA 01603
- Mill St. Plaza — 50 Mill St, Worcester, MA 01603
- Walmart way — 242 mill st, worcester, ma 01602
- Coinstar Kiosk | Bitcoin ATM — Big Y Foods, 100 Mayfield St, Worcester, MA 01602
Frequently Asked Questions
What type of property is this?
Shopping center - Three commercial spaces are occupied by a laundromat, a game and snack lounge, and a neighborhood convenience store.
Where is this shopping center located?
The property is located at 1 Ferdinand Street Worcester, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three occupied commercial units; 7,964 square feet of retail space; Existing tenants include a laundromat, video game and snack lounge, and neighborhood convenience store
