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 Market101
Property Features for 267-273 Shrewsbury St
General Information
Standard status
Active
Size
11,940 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Shrewsbury St. C.w.a.
Highway Access
Yes
Listing Agency:
Kelleher & Sadowsky
(508) 755-0707
Listed By:
Thomas J. Bodden
(774) 214-6225
Source:
Moodyscre
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 30 at 5:55PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$199,876
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,997,520
$4.0M
Cap Rate 7%
$2,855,371
$2.9M
Cap Rate 9%
$2,220,844
$2.2M
Market Conditions
NOI Build-Up for 11,940 SF
Gross rent
$358.2K $30.00/SF
− Vacancy
−$25.1K −$2.10/SF
EGI
$333.1K $27.90/SF
− OpEx
−$133.3K −$11.16/SF
NOI
$199.9K $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%
$3,997,520
Cap Rate 7%
$2,855,371
Cap Rate 9%
$2,220,844
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,003
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
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).
