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Property profile & analytics
OFF-MARKET Estimated value $7,935,000
Hospitals

300 Grv St Worcester, MA 01605-3908

19,376 SF 1.39 ac lot Built 1955
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-1248973
Property summary
AI-generated overview

This exceptional 1,700 square foot medical office space is located at 300 Grove Street in Worcester, Massachusetts, 01605. The building, a Class C property totaling 20,076 square feet, underwent a complete renovation in 2023. The space is part of a single-tenant building and offers a prime location directly across from the new Trolley Yard retail development, ensuring high visibility and accessibility. The building itself is a well-established medical office building, previously home to the Worcester Surgical Center. This location provides easy access to a variety of amenities, including restaurants, banks, and retail shops along Gold Star Boulevard, all within walking distance. Furthermore, its strategic position offers unparalleled highway access to I-190, I-290, I-495, and I-90 (Mass Pike), making commuting for both staff and clients exceptionally convenient. Built in 1955, this property offers a blend of history and modern updates, providing a fresh and professional environment for medical practices. The available space is ideal for medical professionals seeking a well-situated and recently renovated office in Worcester County. This is a single-tenant occupancy opportunity.

Property profile
Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,376 SF
Lot 1.39 ac (60,548 SF)
Zoning code MG-.5
APN WORC M:13 B:032 L:10+11
UPID US38-1248973
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
Current use
Occupant on record · Public records
  • Worcester Dental Arts Dental Office
  • Worcester Surgical Center Medical Clinic Hospital
  • Narayan Vikram P MD Physician
  • APURVA ASHOK SHAH Physician
  • Michael A Geffin Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.92M
CAP Approach CAP
$4.99M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.94M
Owner & transaction history
300 Grv St Prof Props · 4 yrs held
300 Grv St Prof Props
since 2022
Last sale
$9.5M
5 recorded transactions
2025
Price N/A
2022
$9.5M
2021
Price N/A
2017
$8.5M
2008
$4.8M
Zoning & alternative use
MG-.5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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