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    Prime Retail Pad Site Available Title is generated by Realmo AI

    92 Worcester Street, North Grafton, MA 01536

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    1.4-acre pad site in front of retail center.

    Type:Retail
    Property size:
    3,100 SF
    Lot size:
    1.40 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 10:53 pm

    Property Features for 92 Worcester Street

    General Information

    Standard status
    Active
    Size
    3,100 SF
    Lot size
    1.40 Acres
    Property subtype
    Retail

    Spaces For Lease

    at 92 Worcester Street Contact us

    We can help!

    Listing Contact
    Michael C. Jacobs
    Michael C. Jacobs

    Listing agent Michael C. Jacobs License #9058150

    Listing office NAI Glickman Kovago & Jacobs

    Listing date Mar 6, 2026

    Source Naiglobal

    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 NAI Glickman Kovago & Jacobs

    HighLights

    • Located directly in front of Super Stop and Shop / CVS anchored Retail Center with dedicated access and signalized entrance.
    • Over 400’ frontage along main artery Rt. 122 near junction of Rt. 140.
    • Strong ADT - 18,742.
    • Ideal for most retail / medical users.
    • 1.4‑acre “pad”.
    • Former 3,100sf Burger King building with drive‑thru could be renovated or razed.

    Overview

    This 1.4-acre pad site is located directly in front of a retail center anchored by Super Stop and Shop and CVS, offering dedicated access and a signalized entrance. Situated on Routes 122/140, the site features over 400 feet of frontage along the main artery, Route 122, near the junction of Route 140 and the center of Grafton. Its central location places it along the major retail corridor servicing several communities. The property includes a former 3,100 square foot Burger King building with a drive-thru, which could be renovated or razed. The location is ideal for most retail or medical users. The site benefits from a strong average daily traffic count of 18,742. Grafton has experienced double-digit population growth and significant income growth between 2000 and 2020.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Grafton
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6965379
    Latitude
    42.2184522

    Nearby Similar for Lease

    • Contact for pricing
      3,100 SF

      Prime Retail/Medical Pad Site

      1.4-acre pad site in front of retail center.
      92 Worcester Street, North Grafton, MA 01536
      View Details
    • Contact for pricing

      Retail/Office Space for Lease

      Retail and office spaces available for lease in North Grafton.
      92 Worcester St, North Grafton, MA 01536
      View Details

    FAQs

    What type of property is this?
    Retail space - 1.4-acre pad site in front of retail center.
    Where is this retail space located?
    The property is located at 92 Worcester Street North Grafton, MA.
    What are key features of this property?
    This property features: Located directly in front of Super Stop and Shop / CVS anchored Retail Center with dedicated access and signalized entrance.; Over 400’ frontage along main artery Rt. 122 near junction of Rt. 140.; Strong ADT - 18,742.
    (774) 230-3448
    We can help!
    Listing Contact
    Michael C. Jacobs
    Michael C. Jacobs
    Real Estate License ID: 9058150
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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