Specialty Medical Office
For Sale
Contact for pricing
267-273 Shrewsbury St, Worcester, MA 01604
Recently occupied as a specialty dialysis center, this Worcester medical office building offers convenient highway access.
Property Size11,940 SF
Price / SF$288.94
Days on Market8
Property Features for 267-273 Shrewsbury St
General Information
Standard status
Active
Size
11,940 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Kelleher & Sadowsky
(774) 214-6225
Listed By:
Thomas J. Bodden · License #9515069
(774) 214-6225
Source:
Moodyscre
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 31 at 5:26AM
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 & Sadowsky
Investment Insights
Based on property information with market context.
Kelleher & Sadowsky is pleased to present 267–273 Shrewsbury St, Worcester, MA, available for sale and for lease. This specialty medical office building was most recently occupied by DaVita Kidney Care and operated as a specialty dialysis center.
The property is located right off I-290 in Worcester’s Central Business District, providing quick access to I-290 and nearby routes including I-190, the Mass Pike, and Route 9. It is also positioned near major healthcare and life science employers and institutions, including UMass Chan Medical School, UMass Memorial Health Hospital, AbbVie, Wuxi Biologics, St. Vincent Hospital, and The Reactory Life Science Park.
The surrounding corridor on Shrewsbury Street is described as a bustling mix of dining, shopping, and entertainment, with additional nearby activity associated with the Canal District.
The property is located right off I-290 in Worcester’s Central Business District, providing quick access to I-290 and nearby routes including I-190, the Mass Pike, and Route 9. It is also positioned near major healthcare and life science employers and institutions, including UMass Chan Medical School, UMass Memorial Health Hospital, AbbVie, Wuxi Biologics, St. Vincent Hospital, and The Reactory Life Science Park.
The surrounding corridor on Shrewsbury Street is described as a bustling mix of dining, shopping, and entertainment, with additional nearby activity associated with the Canal District.
Key Highlights
- Specialty medical office building at 267 Shrewsbury Street, Worcester, MA—most recently occupied by DaVita Kidney Care.
- Used as a specialty dialysis center, with recent medical‑office use.
- Located right off I‑290 in Worcester’s Central Business District (CBD).
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $358.2k | $30.00 |
| − Vacancy | −$25.1k | −$2.10 |
| EGI | $333.1k | $27.90 |
| − OpEx | −$133.3k | −$11.16 |
| NOI | $199.9k | $16.74 |
11,940 SF · lease $30.00/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.86M
$2.50M – $3.33M
NOI $199,876 @ 7.0% cap · market cap 5.79%
Second Best
Office B
$2.83M
$2.48M – $3.30M
NOI $198,264 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$3.99M
$3.49M – $4.65M
NOI $278,972 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Recently occupied as a specialty dialysis center, this Worcester medical office building offers convenient highway access.
Where is this medical office space located?
The property is located at 267-273 Shrewsbury St Worcester, MA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Specialty medical office building at 267 Shrewsbury Street, Worcester, MA—most recently occupied by DaVita Kidney Care.; Used as a specialty dialysis center, with recent medical‑office use.; Located right off I‑290 in Worcester’s Central Business District (CBD).
