403 Belmont St Worcester, MA 01604
For Lease
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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.
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Grifols Biomat USA - Plasma Donation Center Medical Clinic
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VA Primary Care Physician
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Worcester VA Out Patient Clinic Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.