Updated Retail
For Sale
Contact for pricing
177 Grafton St, Worcester, MA 01604
Renovated retail unit with utility service and building services included.
Property Size800 SF
Price / SF$3.13
Days on Market49
Property Features for 177 Grafton St
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Zoning
MG-2
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$25,932
Building Details
Building Size
800 SF
Year Built
1925
Listing Agency:
Kelleher and Sadowsky Associates, Inc.
(508) 755-0707
Listed By:
Mark Johns · License #9513346
(508) 635-6792
Source:
Churchillprop
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 20 at 5:24PM
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 Kelleher and Sadowsky Associates, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800 SF retail unit at 177 Grafton St has been completely updated and is ready for occupancy. The property is classified as retail space and carries MG-2 zoning, offering a refreshed storefront setting for a commercial occupant.
Building services include utilities, snow removal, and trash service. Constructed in 1925, the property is located in Worcester, Massachusetts, with the address providing a straightforward reference for users evaluating a centrally identified retail location.
Building services include utilities, snow removal, and trash service. Constructed in 1925, the property is located in Worcester, Massachusetts, with the address providing a straightforward reference for users evaluating a centrally identified retail location.
Key Highlights
- 800 SF retail unit
- Completely updated and ready for occupancy
- MG‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,996
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,920
$219.9K
Cap Rate 7%
$157,086
$157.1K
Cap Rate 9%
$122,178
$122.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$16.8K $21.00/SF
− Vacancy
−$1.1K −$1.37/SF
EGI
$15.7K $19.64/SF
− OpEx
−$4.7K −$5.89/SF
NOI
$11.0K $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%
$219,920
Cap Rate 7%
$157,086
Cap Rate 9%
$122,178
Alternative Uses
Best Use
Retail
$157.1K
$137.5K – $183.3K
NOI $10,996 @ 7.0% cap · market cap 439.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.0K
$233.7K – $311.5K
NOI $18,692 @ 7.0% cap · market cap 747.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,804
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 45%
Hotels & Casinos 2%
Electronics 2%
Cumberland Farms
Shops & Services
25,785 visits/mo
0.2 miles
Burger King
Dining
19,049 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,113 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,565 visits/mo
0.2 miles
Mobil
Shops & Services
10,154 visits/mo
0.3 miles
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Renovated retail unit with utility service and building services included.
Where is this retail space located?
The property is located at 177 Grafton St Worcester, MA.
What are key features of this property?
This property features: 800 SF retail unit; Completely updated and ready for occupancy; MG‑2 zoning
