Individually Owned 
For Lease
1 / 2
Contact for pricing
50 Cambridge St, Worcester, MA 01603
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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
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Florist
-
Specialty Food Shop Supermarket
-
Bank Credit Union
-
Pharmacy
-
Specialty Food Shop Wine and Liquor Store
Location
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
since 2015
6 recorded transactions
Zoning & alternative use
ML20 · Worcester, MA
Top alternative use upside
Restaurant
$14.1M
+42.4%
Auto repair, garage
$11.6M
+17.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$12.94M
Value range
$11.65M – $14.23M
±10% around blend
Estimated value / SF
$191 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$11.65M
blend $12.94M
$14.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
67,814 SF
Lot area
10.52 ac
Year built
2003
Stories
1
APN
WORC M:08 B:033 L:00004
Zoning
ML20
Assessed value
$10,989,400
Annual tax
$330,122
3
Income approach: direct capitalization
Partial preview
Income approach indication
$14.34M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$15.54M
@ 6.5% CAP return
$14.34M
@ 7% CAP return
$13.32M
4
Sales comparison
Partial preview
Sales approach indication
$15.17M
Range $5.46M – $15.60M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.94M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 67 sales
$146
+31%
County 292 sales
$157
+22%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $191/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+42%
vs current-use indication
Auto Repair, Garage
Retail Stores · current use
Neighborhood: Shopping Center
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.99M
Move the market yield to see immediate price impact.
Value / SF
$162
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$692k
$13.85M
$9.89M
$7.69M
$769k
$15.39M
$10.99M
$8.55M
$846k
$16.92M
$12.09M
$9.40M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, MAZoning ML20 · permitted uses
ML20 · Worcester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ML20
Jurisdiction
Worcester, MA
Recorded code
ML20
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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