Multi-Tenant Retail
78 Worcester Road, Webster, MA 01570
For Sale
New
$2,475,000
Four operating tenants and subdividable vacant space create a mix of occupied and available retail suites.
Property Size13,600 SF
Lot Size1.27 Acres
Price / SF$181.99
Days on Market2
Property Features for 78 Worcester Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Net Operating Income
Additional Details
Asking Price
Utilities to Site
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Kelleher & Sadowsky
Listed By:
Drew Higgins · License MA #9515069
(508) 735-1783
Source:
Kelleher-sadowsky
Added: Nov 12
Last Checked: Nov 12 at 2:44PM
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
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Investment Insights
Based on property information with market context.
This Webster retail center contains 13,600 square feet on approximately 1.27 acres. Built in 1998, the property has four existing tenants and about 3,600 square feet of vacant space, which can be divided into spaces as small as approximately 1,800 square feet. Public water and sewer serve the site, and the zoning designation is GB 5.
Located at 78 Worcester Road in Webster, Massachusetts, the property is configured as a multi-tenant retail plaza.
Located at 78 Worcester Road in Webster, Massachusetts, the property is configured as a multi-tenant retail plaza.
Key Highlights
- 13,600‑square‑foot retail center on approximately 1.27 acres
- Four existing tenants
- Approximately 3,600 square feet vacant; subdividable to approximately 1,800 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,108
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,022,160
$4.0M
Cap Rate 7%
$2,872,971
$2.9M
Cap Rate 9%
$2,234,533
$2.2M
Market Conditions
NOI Build-Up for 13,600 SF
Gross rent
$293.8K $21.60/SF
− Vacancy
−$6.5K −$0.48/SF
EGI
$287.3K $21.12/SF
− OpEx
−$86.2K −$6.34/SF
NOI
$201.1K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,022,160
Cap Rate 7%
$2,872,971
Cap Rate 9%
$2,234,533
Alternative Uses
Best Use
Retail
$2.87M
$2.51M – $3.35M
NOI $201,108 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,094 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Beauty & Spa 100%
Sally Beauty Supply
Beauty & Spa
5,418 visits/mo
0.1 miles
Demographics for 01570, MA
17,776
Population
8,211
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
12.4 sq mi
ZIP Area
1,434
Density / Sq Mi
$68,934
Median Household Income
$43,595
Median Earnings
$1,135
Median Rent
$339,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Webster Plaza — 70 Worcester Rd, Webster, MA 01570
Frequently Asked Questions
What type of property is this?
Shopping center - Four operating tenants and subdividable vacant space create a mix of occupied and available retail suites.
Where is this shopping center located?
The property is located at 78 Worcester Road Webster, MA.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: 13,600‑square‑foot retail center on approximately 1.27 acres; Four existing tenants; Approximately 3,600 square feet vacant; subdividable to approximately 1,800 square feet
