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    267 Shrewsbury St Worcester, MA 01604

    Sponsored
    For Sale
    $4,400,000

    High-Yield Medical Office Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 11,940 square foot medical office building in Worcester, MA, presents a compelling investment opportunity. Priced at $4,400,000, it boasts a strong 6.62% cap rate, secured by a long-term lease. The property sits on a 0.46-acre lot in a highly attractive retail corridor. The lease agreement is a 15-year contract with approximately 8 years remaining, providing significant lease stability. Crucially, the lease includes a corporate guarantee from DaVita Inc., a company with $17 billion in assets and an S&P rating of "BB". This robust guarantee significantly mitigates investment risk. Further enhancing the investment's appeal are the built-in rental increases of 10% every five years, ensuring consistent growth in rental income. This property offers a rare combination of secure, long-term income, substantial corporate backing, and built-in appreciation potential, making it an ideal addition to any diversified investment portfolio. The prime location within a thriving retail area adds further value, promising strong future prospects. This is a turnkey investment opportunity with minimal management requirements and substantial upside potential. The property's strong fundamentals and secure lease make it an attractive option for discerning investors seeking stable, high-yield returns.

    Property Features for 267 Shrewsbury St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    DaVita Shrewsbury Street ... Dialysis Center DaVita Shrewsbury Street ... Dialysis Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.78111
    Latitude
    42.26765

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Medical Office Investment
    Where is this commercial real estate located?
    The property is located at 267 Shrewsbury St Worcester, MA.
    What is the asking price?
    The asking price for this property is $4,400,000.
    (508) 925-7477
    Request Owner's contact information
    267 Shrewsbury St Worcester, MA 01604
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    Worcester, MA 01604
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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
    267 Shrewsbury St Worcester, MA 01604
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