Storefront with Street
New
For Sale
Contact for pricing
384 W Boylston St, Worcester, MA 01606
The space is suited to retail, office, or salon operations.
Property Size1,100 SF
Price / SF$1.41
Days on Market6
Property Features for 384 W Boylston St
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1930
Listing Agency:
Skys Realty
(508) 963-0085
Listed By:
Kathy Luu · License #453011025
(508) 963-9333
Source:
Lockandkeyre
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:40PM
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 Skys Realty
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.
This Worcester storefront offers around 1,100 square feet of space and dates to 1930. Potential uses identified for the property include retail, office, and salon operations.
The building is at 384 W Boylston St, across from Norton's and Abby Kelly School. Street parking is available, and the property is described as minutes from the 1-290 and 1-190 interchange.
The building is at 384 W Boylston St, across from Norton's and Abby Kelly School. Street parking is available, and the property is described as minutes from the 1-290 and 1-190 interchange.
Key Highlights
- Around 1100 sq. foot storefront
- Built in 1930
- Street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,119
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,380
$302.4K
Cap Rate 7%
$215,986
$216.0K
Cap Rate 9%
$167,989
$168.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$23.1K $21.00/SF
− Vacancy
−$1.5K −$1.37/SF
EGI
$21.6K $19.64/SF
− OpEx
−$6.5K −$5.89/SF
NOI
$15.1K $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%
$302,380
Cap Rate 7%
$215,986
Cap Rate 9%
$167,989
Alternative Uses
Best Use
Retail
$216.0K
$189.0K – $252.0K
NOI $15,119 @ 7.0% cap · market cap 975.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.2K
$321.3K – $428.4K
NOI $25,701 @ 7.0% cap · market cap 1,658.13%
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
701
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 5%
Home Improvements & Furnishings 3%
Dollar Tree
Shops & Services
8,318 visits/mo
0.4 miles
TD Bank
Shops & Services
5,627 visits/mo
0.1 miles
Sullivan Tire
Shops & Services
1,864 visits/mo
0.5 miles
Meineke Car Care Center
Shops & Services
1,293 visits/mo
0.3 miles
SUBWAY
Dining
1,015 visits/mo
0.4 miles
Demographics for 01606, MA
21,651
Population
9,427
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
3,609
Density / Sq Mi
$92,537
Median Household Income
$55,931
Median Earnings
$1,615
Median Rent
$343,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Holmes-Shusas Florist — 1 Ararat St, Worcester, MA 01606
Frequently Asked Questions
What type of property is this?
Storefront property - The space is suited to retail, office, or salon operations.
Where is this storefront property located?
The property is located at 384 W Boylston St Worcester, MA.
What are key features of this property?
This property features: Around 1100 sq. foot storefront; Built in 1930; Street parking available
