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Property profile & analytics
FOR LEASE
Commercial real estate

403 Belmont St Worcester, MA 01604

108,750 SF Built 2021
Property ID
US38-0366922
Property summary
AI-generated overview

This prestigious Class A medical office building, located on the vibrant UMass Chan Medical School campus in Worcester County, offers 108,750 square feet of prime office space. Built in 2021, the four-story building features a state-of-the-art design and boasts an attached garage with a covered walkway connecting directly to the third floor, ensuring convenient access for patients and staff. The building provides a generous 4 parking spaces per 1,000 square feet of rentable space. Tenants enjoy access to an on-site café and fitness center located at the nearby Albert Sherman Center. Currently, a substantial portion of the building is occupied by a Veterans Affairs outpatient clinic exceeding 50,000 square feet, offering a wide range of services including primary care, specialty health services, laboratory services, physical therapy, nutrition counseling, and radiology. A significant opportunity exists for new tenants, with 38,646 square feet of vacant space available for lease. This space is highly divisible, accommodating tenants requiring a minimum of 10,825 square feet and up to a maximum contiguous space of 27,821 square feet. The building's robust power infrastructure includes 1,600 AMPS and a 450 KW generator. This exceptional location and modern amenities make this property ideal for medical practices seeking expansion or relocation. The space is ready for immediate occupancy.

Property profile
Verified
Property type Commercial real estate
Year built 2021
Total area 108,750 SF
UPID US38-0366922
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
  • Grifols Biomat USA - Plasma Donation Center Medical Clinic
  • VA Primary Care Physician
  • Worcester VA Out Patient Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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