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Property profile

994 Grafton St Worcester, MA 01604

OFF-MARKET
Retail space
Property ID
US38-0400692
8,511 SF 0.69 ac lot Built 1988
Last sale May 2025 · $1,400,000
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. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 994 Grafton St (located on Grafton Street in Worcester) is a retail-oriented site that includes an approximately 8,511-square-foot building on an approximately 0.7-acre lot, with zoning and configuration suitable for retail use and potential ground-lease development. It has street frontage on Grafton Street providing documented traffic exposure in the range of roughly 20,000 vehicles per day, and is situated within a commercial corridor featuring national and regional retail and…

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?
$23k
Tax billed · 2024
Assessed value$750k
Assessed land$403k
Assessed improvement$347k
Effective rate3.00%

Value estimate

· Oct 2026
$410k
$369k – $451k
AI approach$410k
Submarket $/SF estimate$853k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$146/SF
Submarket average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$81 – $230
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BL-1
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency41.4
Law Firm33.5
Building Supply29.2

Location

994 Grafton St Worcester, MA 01604-2034
County assessor Recorded deeds · 8 transfers 7 qualifying comp sales 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Hygeia, Worcester, MA 01604-4917 $13,500,000 Jan 2025 9,840 SF
324 Cutoff, Worcester, MA 01604-2714 $975,000 May 2024 9,540 SF
44 Grafton, Worcester, MA 01604 $900,000 Dec 2022 6,672 SF
205 Summer, Worcester, MA 01604-4095 $337,500 Nov 2022 4,641 SF
267 Shrewsbury, Worcester, MA 01604-4623 $5,430,000 May 2022 11,940 SF
1413 Grafton, Worcester, MA 01604-2739 $3,282,354 Apr 2022 14,323 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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