Back to Search
Property profile & analytics
FOR LEASE
Super regional malls
72 Shrewsbury St Worcester, MA 01604
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-1672224
For Lease
1 / 3
$5,655,000
72 Shrewsbury St, Worcester, MA 01604
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1930
Construction
STEEL FRAME
Total area
55,531 SF
Lot
2.54 ac (110,642 SF)
Zoning code
ML20
APN
WORC M:01 B:040 L:00012
UPID
US38-1672224
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
-
Wormtown Brewery Production Facility Brewery & Distillery
-
Volturno Pizza Napoletana Restaurant
-
Volturno Privato Wedding Service Rental Equipment Company
-
Worcester Magazine Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.71M
Blend (final)
Blend
$5.66M
Owner & transaction history
J&m Batista Family LP · 14 yrs held
J&m Batista Family LP
since 2011
7 recorded transactions
Zoning & alternative use
ML20 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.1M
+15.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,010,000
Current use
RETAIL STORES
$8,110,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$6,925,000
Change: -1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,665,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,155,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$5.66M
Range $5.09M – $6.22M · ±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
$102 / 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
$131,689
Tax year 2024
Assessed value
$4,383,800
Assessed 2024
Previous assessed
$3,662,000
+19.7% YoY
Effective rate
3.00%
On assessed value
Assessed land
$1,366,600
Assessed improvement
$3,017,200
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1930
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
5
Total area
55,531 SF
Lot
2.54 ac (110,642 SF)
Zoning code
ML20
APN
WORC M:01 B:040 L:00012
UPID
US38-1672224
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.0M
RETAIL STORES
Est. value
$8.1M
OFFICE BUILDING
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1930
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
5
Lot
2.54 ac
Current owner
From public records · entity-resolved
J&m Batista Family LP
Entity
Mailing address
72 SHREWSBURY ST STE #7, WORCESTER, MA 01604-4660
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
—
J & M Batista Family LP
—
Deed
related
$2,630,000 · Bay State Savings Bank
Mar 17, 2014
—
J&m Batista Family LP
—
Deed Of Trust
related
$6,281 · Worcester City
Dec 13, 2013
—
J&m Batista Family LP P
—
Deed Of Trust
related
$2,360,000 · Fidelity Cp Bank
Aug 10, 2011
$1,575,000
J&m Batista Family LP
Shrewsbury Street Assoc
Grant Deed
—
Jul 8, 2009
$1
St Assoc LLP Shrewsbury
Shrewsbury St Assoc
Grant Deed
—
Jul 1, 2009
—
St Assoc LLP Shrewsbury
—
Deed Of Trust
related
$460,000 · Seder J Robert
Aug 10, 2004
$1
Edward M Glick
Glick,david
Grant Deed
related
—
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
