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Property profile

90 Grove St 107 Worcester, MA 01605

FOR LEASE
Showrooms
Property ID
US38-0973607
35,464 SF 0.57 ac lot Built 1885
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Grove Village Lofts is a restored brick mill property configured with modern studio-style living units. Unit 306 features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, oversized historic-style windows, and energy-efficient mini-split heating and air conditioning. The unit includes an in-unit washer and dryer and is set up with an appliance package. Building amenities include an indoor bike storage area, a fitness center, and a resident club room. The property is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$49k
Tax billed · 2024
Assessed value$1.63M
Assessed land$372k
Assessed improvement$1.26M
Effective rate3.00%

Value estimate

· Oct 2026
$3.10M
$2.79M – $3.41M
Submarket $/SF estimate$3.02M
NOI build-up
Gross scheduled income$19k
Vacancy & credit loss−$936
Operating expenses−$8k
NOI · 408.64% cap applied$10k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$127/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$85 – $164

Cap rate analysis

How does the asset earn?
408.64%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MG-2
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop33.2
Auto Parts Store27.8
Wholesale Shop24.5

Location

90 Grove St, Unit 107 Worcester, MA 01605
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
14 Boylston, Worcester, MA 01605-1228 $31,000,000 Dec 2025 67,135 SF
112 Grv, Worcester, MA 01605-2683 $1,795,000 Jul 2024 19,615 SF
143 Central, Worcester, MA 01605-3071 $1,500,000 Jun 2023 9,240 SF
385 Grv, Worcester, MA 01605-3986 $276,407 Apr 2023 25,785 SF
472 Lincoln, Worcester, MA 01605-1917 $8,800,000 Dec 2021 14,208 SF
440 Grv, Worcester, MA 01605-1268 $825,000 May 2019 33,148 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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