2 Old Worcester Rd, Webster, MA 01570

Building Details

Building Size 35,000 SF More

Year Built 1988 More

Year Renovated 1992 More

Listing Agency: NAI Glickman Kovago & Jacobs

Listed By: Cody Miner · License MA #9576624 Show Phone

Source: Commercialcafe

Added: Mar 27 Changed: Nov 9 Last Checked: Nov 10 at 5:43AM

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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 NAI Glickman Kovago & Jacobs

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Investment Insights

Based on property information with market context.

Located at the intersection of Old Worcester Road and Route 12 in Webster, MA, 2 Old Worcester Rd offers access to I-395 and other major routes in Central Massachusetts, including I-90, I-290, and Route 20. The property is suitable for investors seeking tenant-backed income. The building features five loading docks and an oversized drive-in door for the main warehousing area. There are also four drive-in bays equipped for vehicle service and fleet maintenance, along with over an acre of yard space suitable for industrial outdoor storage. The property's utility provides long-term viability for the occupying business. The building size is 35000 square feet.

Key Highlights

• Strong sale‑leaseback opportunity providing reliable, tenant‑backed income.
• Direct access to I‑395 and connectivity to I‑90, I‑290, and Route 20.
• Five loading docks and an oversized drive‑in door for warehousing.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$319,505

Cap Rate

7.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,390,100 $6.4M

Cap Rate 7%

$4,564,357 $4.6M

Cap Rate 9%

$3,550,056 $3.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 35,000 SF

Gross rent

$483.0K $13.80/SF

− Vacancy

−$26.6K −$0.76/SF

EGI

$456.4K $13.04/SF

− OpEx

−$136.9K −$3.91/SF

NOI

$319.5K $9.13/SF

Area

Worcester County, MA

Vacancy

5.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,390,100

Cap Rate 7%

$4,564,357

Cap Rate 9%

$3,550,056

Alternative Uses

Best Use

Retail

$7.39M

$6.47M – $8.63M (±1% cap)

NOI $517,558 @ 7.0% cap · market cap 12.18%

Second Best

Warehouse

$5.83M

$5.10M – $6.80M (±1% cap)

NOI $407,837 @ 7.0% cap · market cap 9.60%

Theoretical Best

Office A

$11.95M

$10.46M – $13.94M (±1% cap)

NOI $836,640 @ 7.0% cap · market cap 19.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Zmetra Clear Span ... Party Supply Store

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

254

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 01570, MA

17,776

Population

8,211

Households

2.2

Avg Household Size

44

Median Age

25%

College-Educated

92%

High-School Grad

12.4 sq mi

ZIP Area

1,434

Density / Sq Mi

$68,934

Median Household Income

$43,595

Median Earnings

$1,135

Median Rent

$339,600

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Worcester County, MA

$190 Jul

$166 Aug

$108 Sep

$90.02 Oct

Properties on Market for Warehouses in Worcester County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial property with warehousing, vehicle service bays, and outdoor storage.

Where is this warehouse located?

The property is located at 2 Old Worcester Rd Webster, MA.

What is the asking price?

The asking price for this property is $4,250,000.

What are key features of this property?

This property features: Strong sale‑leaseback opportunity providing reliable, tenant‑backed income.; Direct access to I‑395 and connectivity to I‑90, I‑290, and Route 20.; Five loading docks and an oversized drive‑in door for warehousing.