Property profile

1451 Grafton St Worcester, MA 01604

FOR LEASE
Manufacturing properties
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Property ID
US38-1123073
29,254 SF 5.76 ac Built 1957
Last sale Jul 2022·$235,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is commercial land located at the junction of Route 122, positioned between the Mass Pike and Route 20, with reported heavy average daily traffic. The site is described as being within roughly a minute of the Mass Pike interchange, providing convenient access to the roadway, and includes the option to acquire additional adjacent land to adjust the overall site footprint based on development requirements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$46k
Tax billed · 2024
Assessed value$1.54M
Assessed land$330k
Assessed improvement$1.21M
Effective rate3.00%

Value estimate

· Nov 2026
$190k
$171k – $209k
NOI build-up
Gross scheduled income$512k
Vacancy & credit loss−$39k
Operating expenses−$142k
NOI$331k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$92/SF
Submarket average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$39 – $128
Qualifying comparables4

Cap rate analysis

How does the asset earn?
$331k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MG-.5
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.2
Realty agency16.8
Spa & Massage14.6

Location

1451 Grafton St Worcester, MA 01604
County assessor Recorded deeds · 10 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 17 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
290 Franklin, Worcester, MA 01604-4914 $13,500,000 Jan 2025 8,500 SF
50 Suffolk, Worcester, MA 01604-4091 $600,000 Jul 2024 21,803 SF
167 Cutoff, Worcester, MA 01604-2728 $1,250,000 Feb 2023 12,426 SF
26 Plum, Worcester, MA 01604 $120,000 Jun 2019 6,010 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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