You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $835,000
Auto shops

22 Richmond Ave Worcester, MA 01602

11,955 SF 1.02 ac lot Built 1912
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US38-1348947
Property summary
AI-generated overview

This expansive 1.02-acre commercial property at 22 Richmond Avenue in Worcester, MA, presents a compelling investment opportunity priced at $2,200,000. Currently configured as an oversized garage, the property is in need of rehabilitation, offering significant upside for the right buyer. Its substantial size and versatile layout allow for a wide range of potential uses. Imagine transforming this space into a modern, efficient warehouse, a secure storage facility catering to local businesses, or even a unique retail space. The quiet neighborhood setting offers a peaceful environment while maintaining convenient access to Worcester's infrastructure. The property's substantial size provides ample room for expansion or creative redevelopment, making it an ideal canvas for entrepreneurs and developers seeking to create a valuable asset tailored to their specific needs. Whether your vision involves optimizing the space for industrial use, developing a specialized venue, or creating a high-demand storage solution, this property offers the flexibility to accommodate diverse commercial requirements. This is a chance to acquire a large, adaptable property in a desirable location with the potential for significant return on investment. The property's current condition necessitates renovation, presenting an opportunity to customize the space to meet precise specifications.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1912
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,955 SF
Lot 1.02 ac (44,431 SF)
Zoning code RS-7
APN WORC M:11 B:023 L:016+A
UPID US38-1348947
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$908k
Blend (final) Blend
$835k
Owner & transaction history
Islamaj Real Estate LLC · 6 yrs held
Islamaj Real Estate LLC
since 2019
5 recorded transactions
2019
$550,000
2008
Price N/A
2006
$345,000
2006
$1
2006
Price N/A
Zoning & alternative use
RS-7 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22 Richmond Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message