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Property profile & analytics
OFF-MARKET Estimated value $2,865,000
Retail space

99 Stafford St Worcester, MA 01603-1456

14,853 SF 2.44 ac lot Built 2007
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US38-0815492
Property summary
AI-generated overview

This exceptional retail property, a former Walgreens, presents a unique opportunity for a discerning tenant. Located at 99 Stafford Street in Worcester, Massachusetts, this single-tenant space boasts a generous 14,853 square feet of vacant space, ready for immediate occupancy. The building sits on a sizable 2.44-acre lot, providing ample room for expansion or outdoor amenities. Convenient parking is ensured with 77 available spaces. The property's prime location within Worcester County offers excellent visibility and accessibility, placing your business in the heart of a thriving community. The property type is classified as retail, making it ideal for a variety of commercial uses. The building's substantial size and ample parking make it suitable for businesses requiring significant space and customer convenience. This is a rare opportunity to secure a well-positioned, spacious retail location in a desirable Worcester neighborhood. The property is zoned for retail use and is ready for immediate lease. The address is 99 Stafford Street, Worcester, MA 01603. This property is available for lease and offers a significant opportunity for growth and success. The property is located in Worcester County, Massachusetts.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,853 SF
Lot 2.44 ac (106,286 SF)
Zoning code ML20
APN WORC M:15 B:029 L:00001
UPID US38-0815492
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
  • Walgreens Pharmacy
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Eric J. Lemoine, BS Pharmacy
  • COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
  • TD Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.14M
Comparable Approach Comparable
$3.42M
Blend (final) Blend
$2.87M
Owner & transaction history
Great Worcester Lnd T INC · 6 yrs held
Great Worcester Lnd T INC
since 2019
5 recorded transactions
2024
Price N/A
2019
Price N/A
2014
$8.2M
2012
Price N/A
2007
$1.8M
Zoning & alternative use
ML20 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.1M +42.4%
Auto repair, garage $2.5M +17.0%
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