Financial
Distress signals
Property profile

373 Plantation St Worcester, MA 01605

FOR LEASE
Specialty properties
Property ID
US38-0932731
90,051 SF 3.46 ac lot Built 1986
Last sale Jun 2001 · $15,547,755
Entity Owned Owner of record is a legal entity (LLC / corporation). 25-yr Hold Held for 25 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 90,000-square-foot industrial building, located at 373 Plantation Street in Worcester, Massachusetts, presents a unique opportunity for research and development companies. Built in 1988, this three-story facility sits on a 3.5-acre lot and offers flexible space options, with a minimum divisible unit of 30,000 square feet and the potential to lease the entire 90,000 square feet contiguously. Currently, the entire building is vacant and available for occupancy in the fourth…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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

What does the county charge?
Assessed value · 2024$17.73M
Assessed land$3.46M
Assessed improvement$14.28M

Value estimate

· Sep 2026
$9.88M
$8.89M – $10.86M
Submarket $/SF estimate$11.16M
NOI build-up
Gross scheduled income$540k
Vacancy & credit loss−$41k
Operating expenses−$150k
NOI · 997,920.00% cap applied$349k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$102/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$36 – $148

Cap rate analysis

How does the asset earn?
997,920.00%
$349k 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?
ML-.5
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply29.2
Law Firm26.4
Realty agency23.3

Location

373 Plantation St Worcester, MA 01605
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Gorham, Worcester, MA 01605-3626 $600,000 Mar 2024 18,374 SF
631 Lincoln, Worcester, MA 01605-2010 $1,475,000 Feb 2022 9,482 SF
51 Gage, Worcester, MA 01605-3014 $1,800,000 Jan 2022 65,410 SF
378 Plantation, Worcester, MA 01605-2324 $23,500,000 Aug 2021 86,540 SF
605 Lincoln, Worcester, MA 01605-1901 $6,500,000 Jul 2021 29,550 SF
36 Oak, Worcester, MA 01605-2735 $2,650,000 Aug 2020 45,146 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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