Financial
Distress signals
Property profile

28 Water St Worcester, MA 01604

OFF-MARKET
Warehouses
Property ID
US38-1432831
31,816 SF 0.38 ac lot Built 1890
Last sale May 2019 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$385k
Assessed land$105k
Assessed improvement$280k
Effective rate3.00%

Value estimate

· Sep 2026
$545k
$491k – $600k
AI approach$545k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$100/SF
County average, outlier-cleaned · 104 recorded sales of this use type
Observed band · Q1–Q3$46 – $162

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?
BG-3
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply37.4
Wholesale Shop36.3
Kitchen & Bath23.7

Location

28 Water St Worcester, MA 01604-4163
County assessor Recorded deeds · 6 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
284 Franklin, Worcester, MA 01604 $13,500,000 Jan 2025 16,000 SF
45 Arctic, Worcester, MA 01604 $13,500,000 Jan 2025 63,936 SF
14 Hygeia, Worcester, MA 01604 $13,500,000 Jan 2025 64,944 SF
50 Suffolk, Worcester, MA 01604-4091 $600,000 Jul 2024 21,803 SF
24th Jolma, Worcester, MA 01604-2010 $2,250,000 Apr 2023 17,600 SF
1451 Grafton, Worcester, MA 01604-2718 $235,000 Jul 2022 29,254 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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