Turn-Key Medical Office
For Sale
$450,000
Pending
200 Lincoln Street Unit 1, Worcester, MA 01605
Clinical improvements include specialized gas and suction systems, treatment rooms, recovery areas, and a dedicated sterilization space.
Property Size2,060 SF
Days on Market51
Property Features for 200 Lincoln Street Unit 1
General Information
Standard status
Pending
Size
2,060 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,060 SF
Year Built
1900
Listing Agency:
RE/MAX Partners
(508) 635-1600
Listed By:
James Kalogeropoulos · License #9072828
(774) 696-1810
Source:
Iverty
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 8:50AM
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 RE/MAX Partners
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Investment Insights
Based on property information with market context.
This 2,060 SF medical office condominium is configured for clinical operations, with four exam and treatment rooms, two patient recovery rooms, and a reception and waiting area. Additional improvements include private and associate offices, a laboratory and sterilization area, a break room with kitchenette, and two restrooms. Centrally piped oxygen and nitrous oxide, central suction, and foot-pedal-operated faucets support specialized healthcare use. Separate entrance and exit doors create a defined patient-flow layout, while the ADA-compliant entrance adds accessibility.
The property offers more than 60 on-site parking spaces, street visibility, highway access, and convenient ingress and egress. Zoning is BL-1. The condominium is offered as real estate only; existing medical or dental equipment may be available separately.
The property offers more than 60 on-site parking spaces, street visibility, highway access, and convenient ingress and egress. Zoning is BL-1. The condominium is offered as real estate only; existing medical or dental equipment may be available separately.
Key Highlights
- 2,060 SF medical office condominium at 200 Lincoln Street, #1, Worcester, MA 01605
- Four exam/treatment rooms and two patient recovery rooms
- Centrally piped oxygen and nitrous oxide, plus central suction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,484
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,680
$689.7K
Cap Rate 7%
$492,629
$492.6K
Cap Rate 9%
$383,156
$383.2K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$61.8K $30.00/SF
− Vacancy
−$4.3K −$2.10/SF
EGI
$57.5K $27.90/SF
− OpEx
−$23.0K −$11.16/SF
NOI
$34.5K $16.74/SF
Area
Worcester, MA
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,680
Cap Rate 7%
$492,629
Cap Rate 9%
$383,156
Alternative Uses
Best Use
Healthcare Medical
$492.6K
$431.1K – $574.7K
NOI $34,484 @ 7.0% cap · market cap 7.66%
Second Best
Office B
$488.7K
$427.6K – $570.1K
NOI $34,206 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$687.6K
$601.6K – $802.2K
NOI $48,131 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,360
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical improvements include specialized gas and suction systems, treatment rooms, recovery areas, and a dedicated sterilization space.
Where is this medical office space located?
The property is located at 200 Lincoln Street Unit 1 Worcester, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,060 SF medical office condominium at 200 Lincoln Street, #1, Worcester, MA 01605; Four exam/treatment rooms and two patient recovery rooms; Centrally piped oxygen and nitrous oxide, plus central suction
