Property profile

120 Goddard Memorial Dr Worcester, MA 01603

FOR LEASE
Manufacturing properties
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Property ID
US38-2189764
40,725 SF 3.36 ac Built 1975
Last sale Jun 2010·$215,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

120 Goddard Memorial Drive is an industrial and light manufacturing facility located in the Worcester Airport Industrial Park. The property consists of a 40,725-square-foot building on a 3.36-acre site and is zoned Manufacturing – Light (ML), supporting industrial, warehouse, distribution, and production-related uses. The building is configured to accommodate either single-user occupancy or multi-tenant arrangements and is divided into two main areas: a 12,000-square-foot clear-span production…

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?
$70k
Tax billed · 2024
Assessed value$2.33M
Assessed land$307k
Assessed improvement$2.02M
Effective rate3.00%

Value estimate

· Nov 2026
$3.56M
$3.20M – $3.92M
Submarket $/SF estimate$4.71M
NOI build-up
Gross scheduled income$733k
Vacancy & credit loss−$56k
Operating expenses−$203k
NOI$474k

Realmo valuation models over county records and 3 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 comparables3

Cap rate analysis

How does the asset earn?
$474k 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?
RL-7
The purpose of the RL-7 is the promotion of residential uses and related uses
General categoryRESIDENTIAL
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.9
Building Supply22.1
Restaurant22.0

Location

120 Goddard Memorial Dr Worcester, MA 01603
County assessor Recorded deeds · 10 transfers 3 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
41st Sutton, Worcester, MA 01603-2313 $51,000 Oct 2024 11,000 SF
15 Coppage, Worcester, MA 01603-1252 $9,300,000 Sep 2022 87,144 SF
120 Webster, Worcester, MA 01603-1916 $200,000 Feb 2022 3,488 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
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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