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    267 Shrewsbury St Worcester, MA 01604

    For Sale
    $4,200,000

    11,940 SF medical office building in retail corridor.

    Lot size:
    0.46 Acres

    Property Features for 267 Shrewsbury St

    General Information

    Lot size
    0.46 Acres

    Building Details

    Year built
    1940

    Source: Greater Boston Commercial Properties, Inc. Agent Bret O'Brien

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Building For Sale

    This 11,940 square foot medical office building is available for sale. The property is located in a highly attractive retail corridor. It is subject to a long-term, 15-year lease with approximately 8 years remaining. The lease includes a corporate guarantee from DaVita Inc., which has $17 billion in assets and an S&P rating of BB. The lease provides for ten percent rental increases occurring every five years.
    Insight Report 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.

    Similar Places Nearby

    Tufts at Tech Community Veterinary Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7811059
    Latitude
    42.2676515

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    FAQs

    What type of property is this?
    Medical office - 11,940 SF medical office building in retail corridor.
    Where is this medical office located?
    The property is located at 267 Shrewsbury St Worcester, MA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - Long-term lease with approximately 8 years remaining provides stable income.; - Corporate guarantee from DaVita Inc, a company with $17BN in assets and an S&P rating of BB, ensures financial security.; - Attractive 6.62% cap rate offers a strong return on investment.
    (508) 925-7477
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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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