Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    352 Belmont St Worcester, MA 01604-1008

    • Office buildings
    • 7,200 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1588122
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • G I Liver Group / Medical Clinic
    • Dr. Savant Mehta, MD / Physician
    • Expert Staffing / Employment Agency
    • Curuchi Anand / Medical Clinic

    Property Details for 352 Belmont St

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    7,200 SF
    Zone code
    BL-1
    Property type
    Office buildings
    APN
    WORC M:17 B:011 L:01-04
    APU
    WORCM17B011L0104

    Description

    This 7,200 square foot, two-story Class B office building, constructed in 1990, offers a 1,700 square foot suite for lease on the first floor. Located at 352 Belmont Street in Worcester County, this property boasts exceptional visibility due to its prime location directly on Route 9, with a daily traffic count exceeding 35,000 vehicles. The suite features four private offices, two in-unit bathrooms, and convenient elevator access. The building itself sits on an 11,995 square foot lot and offers ample parking on both sides. Its proximity to the UMASS Chan Medical Campus and the UMASS lakeside campus makes it ideal for medical offices or businesses seeking a location near these institutions. The building's history includes previous use as a medical office, further highlighting its suitability for similar businesses. Easy access to I-290 and its location minutes from downtown Worcester add to its appeal. This is a rare opportunity to secure a well-situated office space in a high-traffic area. The available space is perfect for a variety of uses, including executive offices and medical practices.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $957,000
      Market price range: $589k - $1.35M
      AI Estimate
      $713,000
      Market price range: $256k - $1.05M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $900,000
      Current use
      RESTAURANT
      $1,500,000
      Change: +67% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,230,000
      Change: +37% Conversion: Difficult
      RETAIL STORES
      $1,050,000
      Change: +17% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $910,000
      Change: +1% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $865,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $800,000
      Change: -11% Conversion: Easy
      WAREHOUSE, STORAGE
      $720,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7646
    Latitude
    42.2736
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,066
    $426,400
    $474,600
    $901,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,975,000
      13,300 SF

      1331 Grafton St

      OFFICE BUILDING • 13,300 SF
      1331 Grafton St, Worcester, MA 01604-2703
      View Details
    • Value Estimation
      $2,050,000
      8,994 SF

      338 Plantation St

      OFFICE BUILDING • 8,994 SF
      338 Plantation St, Worcester, MA 01604-1696
      View Details
    • Value Estimation by Request
      1,425 SF

      348 Grafton St

      OFFICE BUILDING • 1,425 SF
      348 Grafton St, Worcester, MA 01604-3737
      View Details
    • Value Estimation by Request
      2,455 SF

      425 Sunderland Rd

      OFFICE BUILDING • 2,455 SF
      425 Sunderland Rd, Worcester, MA 01604-2046
      View Details
    • Value Estimation by Request
      2,808 SF

      4 Winter St

      OFFICE BUILDING • 2,808 SF
      4 Winter St, Worcester, MA 01604
      View Details
    • Value Estimation by Request
      3,528 SF

      1308 Grafton St

      OFFICE BUILDING • 3,528 SF
      1308 Grafton St, Worcester, MA 01604-2722
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Four-Unit Commercial Property Near Canal

      Four-unit commercial property near Canal District and Polar Park.
      20 Harrison St, Worcester, MA 01604
      View Details
    • $900,000

      Visible Office/Retail/Flex Property

      Highly visible property with flexible zoning and strong traffic counts.
      636 1St St, Worcester, MA 01604
      View Details
    • $4,200,000

      Medical Office Building For Sale

      11,940 SF medical office building in retail corridor.
      267 Shrewsbury St, Worcester, MA 01604
      View Details
    • Contact for pricing

      Mixed-Use Investment Opportunity

      Three-unit mixed-use property in a high-visibility location.
      162 Harding St, Worcester, MA 01604
      View Details
    • Contact for pricing

      Multifamily Property with Expansion Potential

      Worcester multifamily property near Shrewsbury St with income and expansion potential.
      10 Imperial Rd, Worcester, MA 01604
      View Details
    • Contact for pricing

      Well-Maintained Triplex with Income Potential

      Spacious triplex with potential for a fourth unit.
      82 Fox St, Worcester, MA 01604
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      78,916 SF

      Worcester Executive Office Space

      Prime Worcester location, 25,533 sq ft available
      306 Belmont St, Worcester, MA 01604
      View Details
    • Contact for pricing
      10,825 SF

      Medical Facility Near UMass Chan

      Medical office space available near UMass Chan Medical School.
      403 Belmont St, Worcester, MA 01604
      View Details
    • $25 SF/Yr
      3,648 SF

      Shrewsbury Street Executive Office Space

      Prime Worcester location, 3,648 sq ft.
      340 Shrewsbury St, Worcester, MA 01604
      View Details
    • Contact for pricing
      9,500 SF

      Worcester Warehouse and Office Space

      21,000 SF warehouse with 3,480 SF office space.
      72 Shrewsbury St, Worcester, MA 01604
      View Details
    • Contact for pricing
      4,000 SF

      Retail/Office Space For Rent

      Retail and office spaces available in Worcester, Massachusetts.
      490 Shrewsbury St, Worcester, MA 01604
      View Details
    • Contact for pricing

      Prime Worcester Commercial Space Available

      14,000 sq ft corner lot ideal for various uses.
      333 Shrewsbury St, Worcester, MA 01604
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    352 Belmont St
    Worcester, MA 01604-1008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!