Financial
Distress signals
Property profile

267 Shrewsbury St WORCESTER MA 01604 Worcester, MA 01604

FOR LEASE
Showrooms
Property ID
US38-2519498
11,940 SF 0.46 ac lot Built 1940
Last sale Apr 2026 · $3,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A medical office building totaling 11,940 square feet, located in a retail corridor. The building is configured for medical office use and is subject to an existing long-term lease with approximately eight years remaining at the time of the listing, featuring a corporate guarantee from DaVita Inc. and rent escalations of 10% every five years under the lease terms.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$64k
Tax billed · 2024
Assessed value$2.12M
Assessed land$635k
Assessed improvement$1.49M
Effective rate3.00%

Value estimate

· Sep 2026
$4.45M
$4.00M – $4.89M
AI approach$4.50M
NOI build-up
Gross scheduled income$358k
Vacancy & credit loss−$25k
Operating expenses−$133k
NOI · 4.76% cap applied$200k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$111/SF
ZIP average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$81 – $148
Qualifying comparables10

Cap rate analysis

How does the asset earn?
4.76%
$200k 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-2
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service10.3
Garden Center9.5
Furniture Store9.4

Location

267 Shrewsbury St, Unit WORCESTER MA 01604 Worcester, MA 01604
County assessor Recorded deeds · 11 transfers 10 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

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Hygeia, Worcester, MA 01604-4917 $13,500,000 Jan 2025 9,840 SF
7 Henry, Worcester, MA 01604-3676 $875,000 Oct 2024 21,190 SF
324 Cutoff, Worcester, MA 01604-2714 $975,000 May 2024 9,540 SF
26 Arctic, Worcester, MA 01604 $90,000 Jan 2024 6,000 SF
44 Grafton, Worcester, MA 01604 $900,000 Dec 2022 6,672 SF
205 Summer, Worcester, MA 01604-4095 $337,500 Nov 2022 4,641 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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