Leased Retail
574 Southbridge Street, Worcester, MA 01610
For Sale
Contact for pricing
The property is occupied under a long-term triple-net lease with an established furniture and mattress retailer.
Property Size14,958 SF
Price / SF$157.11
Days on Market54
Property Features for 574 Southbridge Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Additional Details
Cap Rate
Building Details
Buildings
Tenancy
Listing Agency:
Greater Boston Commercial Properties, Inc
Listed By:
Bret O'Brien · License ##8994
(508) 925-7477
Source:
Crexi
Added: Sep 17
Changed: Oct 26
Last Checked: Nov 8 at 6:09AM
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 Greater Boston Commercial Properties, Inc
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Investment Insights
Based on property information with market context.
The 14,958-square-foot retail building is fully leased to Better Home Furniture & Mattress. Its 10-year triple-net lease began August 1, 2024, and the property carries BL-1 zoning.
Located at 574 Southbridge Street in Worcester, the property has 11 off-street parking spaces, with additional street parking on Washburn Street.
Located at 574 Southbridge Street in Worcester, the property has 11 off-street parking spaces, with additional street parking on Washburn Street.
Key Highlights
- 14,958‑square‑foot retail building
- Fully leased to Better Home Furniture & Mattress
- 10‑year triple‑net lease commenced August 1, 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,590
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,111,800
$4.1M
Cap Rate 7%
$2,937,000
$2.9M
Cap Rate 9%
$2,284,333
$2.3M
Market Conditions
NOI Build-Up for 14,958 SF
Gross rent
$314.1K $21.00/SF
− Vacancy
−$20.4K −$1.37/SF
EGI
$293.7K $19.64/SF
− OpEx
−$88.1K −$5.89/SF
NOI
$205.6K $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%
$4,111,800
Cap Rate 7%
$2,937,000
Cap Rate 9%
$2,284,333
Alternative Uses
Best Use
Retail
$2.94M
$2.57M – $3.43M
NOI $205,590 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.99M
$4.37M – $5.82M
NOI $349,486 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
118k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 34%
Groceries 21%
Electronics 3%
Price Rite
Groceries
24,625 visits/mo
Wendy's
Dining
22,799 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,237 visits/mo
0.1 miles
Gulf Oil
Shops & Services
15,181 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,035 visits/mo
0.1 miles
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Worcester, MA
Properties on Market for Storefront properties in Worcester
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - The property is occupied under a long-term triple-net lease with an established furniture and mattress retailer.
Where is this storefront property located?
The property is located at 574 Southbridge Street Worcester, MA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 14,958‑square‑foot retail building; Fully leased to Better Home Furniture & Mattress; 10‑year triple‑net lease commenced August 1, 2024
