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Property profile & analytics
FOR LEASE
Grocery and convenience stores
50 Cambridge St, Worcester, MA 01603
Individually Owned
11-yr Hold
Free & Clear
Property ID
US38-0233115
For Lease
1 / 2
$12,940,000
50 Cambridge St, Worcester, MA 01603
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
67,814 SF
Lot
10.52 ac (458,251 SF)
Zoning code
ML20
APN
WORC M:08 B:033 L:00004
UPID
US38-0233115
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
-
Central Market Florist (Bike/Boat/Book/etc) Store Florist
-
Price Chopper Specialty Food Shop Supermarket
-
Coinstar Bank Credit Union
-
Price Chopper Pharmacy Pharmacy
-
Cambridge Cork & Bottle Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.34M
Comparable Approach
Comparable
$15.17M
Blend (final)
Blend
$12.94M
Owner & transaction history
Red Apple Worcester Ma · 11 yrs held
Red Apple Worcester Ma
since 2015
6 recorded transactions
Zoning & alternative use
ML20 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.1M
+42.4%
Auto repair, garage
$11.6M
+17.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Worcester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Worcester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,535,000
6.5%
$14,340,000
7%
$13,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,905,000
Current use
RESTAURANT
$14,105,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,590,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,560,000
Change: -14% · Conversion: Moderate
OFFICE BUILDING
$8,455,000
Change: -15% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,135,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$12.94M
Range $11.65M – $14.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$330,122
Tax year 2024
Assessed value
$10,989,400
Assessed 2024
Previous assessed
$9,151,100
+20.1% YoY
Effective rate
3.00%
On assessed value
Assessed land
$4,787,400
Assessed improvement
$6,202,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Total area
67,814 SF
Lot
10.52 ac (458,251 SF)
Zoning code
ML20
APN
WORC M:08 B:033 L:00004
UPID
US38-0233115
Jurisdiction
WORCESTER
Zoning & alternative use
ML20 · Worcester, MA
Zoning ML20 · permitted uses
ML20 · Worcester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Worcester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.9M
RESTAURANT
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
OFFICE BUILDING
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Lot
10.52 ac
Current owner
From public records · entity-resolved
Red Apple Worcester Ma
Individual
Free & Clear · 11 yrs held
Mailing address
461 NOTT ST, SCHENECTADY, NY 12308-1812
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2015
$18,075,000
Red Apple Worcester Ma
Fedeq Nl5 LLC
Quit Claim Deed
—
Jul 22, 2014
$16,000,000
Fedeq Nl 5 LLC
PC Worcester LP
Quit Claim Deed
$12,300,000 · Commerce Bank & Trust
Jan 25, 2011
$1
Khaled M Mansor
Hamadi,reim M
Grant Deed
—
Dec 23, 2010
$1
First Niagra Realty INC
Worcester Co Of Alban LLC
Grant Deed
—
Dec 23, 2010
$14,600,000
Worcester LP PC
First Niagra Realty INC
Grant Deed
—
Sep 23, 2003
$12,900,000
Worcester Co Albany LLC
Oconnell Dev Grp INC
Grant Deed
$8,745,000 · Protective LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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