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Property profile & analytics
FOR LEASE
Office buildings
100 Front St Worcester, MA 01608
Entity Owned
22-yr Hold
Free & Clear
Property ID
US38-1090202
For Lease
1 / 2
$35,790,000
100 Front St, Worcester, MA 01608
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
STEEL FRAME
Total area
275,319 SF
Lot
0.41 ac (17,711 SF)
Zoning code
BG-6
APN
WORC M:02 B:23B L:0000M
UPID
US38-1090202
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.04M
Blend (final)
Blend
$35.79M
Owner & transaction history
Worcester Renaissance LLC · 22 yrs held
Worcester Renaissance LLC
since 2004
1 recorded transaction
Zoning & alternative use
BG-6 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$57.3M
+66.8%
Auto repair, garage
$47.1M
+37.1%
Retail stores
$40.2M
+17.2%
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
OFFICE BUILDING
$34,330,000
Current use
RESTAURANT
$57,270,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$47,060,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$40,220,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$34,750,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$33,035,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$30,280,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$27,625,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$35.79M
Range $32.21M – $39.37M · ±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
$130 / 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
$792,080
Tax year 2024
Assessed value
$26,367,500
Assessed 2024
Previous assessed
$24,300,000
+8.5% YoY
Effective rate
3.00%
On assessed value
Assessed land
$1,498,100
Assessed improvement
$24,869,400
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
19
Total area
275,319 SF
Lot
0.41 ac (17,711 SF)
Zoning code
BG-6
APN
WORC M:02 B:23B L:0000M
UPID
US38-1090202
Jurisdiction
WORCESTER
Zoning & alternative use
BG-6 · Worcester, MA
Zoning BG-6 · permitted uses
BG-6 · 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
OFFICE BUILDING Current
Est. value
$34.3M
RESTAURANT
Est. value
$57.3M
AUTO REPAIR, GARAGE
Est. value
$47.1M
RETAIL STORES
Est. value
$40.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$33.0M
COMMERCIAL (GENERAL)
Est. value
$30.3M
WAREHOUSE, STORAGE
Est. value
$27.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
19
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Worcester Renaissance LLC
Entity
Free & Clear · 22 yrs held
Mailing address
100 FRNT ST #170, WORCESTER, MA 01608-1425
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2004
$30,350,000
Worcester Renaissance LLC
Worcester Center RT
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?”
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