New search
Property profile & analytics
FOR LEASE
Manufacturing properties
104 Lamartine St, Worcester, MA 01608
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US38-1434196
For Lease
1 / 24
$1,740,000
104 Lamartine St, Worcester, MA 01608
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Construction
STEEL FRAME
Total area
19,420 SF
Lot
1.11 ac (48,351 SF)
Zoning code
MG-2
APN
WORC M:05 B:012 L:00005
UPID
US38-1434196
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
-
Angelica (Bike/Boat/Book/etc) Store
-
Century Linen & Uniform (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$1.74M
Owner & transaction history
Arris Lamartine LLC
Arris Lamartine LLC
since 2025
6 recorded transactions
Zoning & alternative use
MG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.8M
+59.6%
Neighborhood: shopping center
$2.5M
+37.9%
Office building
$2.4M
+36.2%
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
INDUSTRIAL (GENERAL)
$1,780,000
Current use
RETAIL STORES
$2,835,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,450,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$2,420,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,330,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,135,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±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
$90 / 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
$37,226
Tax year 2024
Assessed value
$1,239,200
Assessed 2024
Previous assessed
$1,239,200
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$238,900
Assessed improvement
$1,000,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Total area
19,420 SF
Lot
1.11 ac (48,351 SF)
Zoning code
MG-2
APN
WORC M:05 B:012 L:00005
UPID
US38-1434196
Jurisdiction
WORCESTER
Zoning & alternative use
MG-2 · Worcester, MA
Zoning MG-2 · permitted uses
MG-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
RETAIL STORES
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1983
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Arris Lamartine LLC
Entity
Mailing address
300 W MAIN STA, NORTHBOROUGH, MA 01532-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
$2,350,000
Arris Lamartine LLC
Coventry Garden LLC
Deed
$1,548,000 · Cape & Coast Bank
Mar 3, 2022
—
Coventry Garden LLC
—
Deed
related
$1,282,500 · Readycap Lending LLC
Feb 2, 2018
$750,000
Coventry Garden LLC
Neil Smith
Quit Claim Arm's Length For Ne States
$620,000 · Milford Natl Bk & Tr
Dec 29, 2006
$1,000,000
Goldstein Prop LLC
Francis R Margaglione
Deed
$900,000 · Flagship Bk Tr Co
Dec 23, 2003
$3,325,000
Gold St Rlty LLC
Wyman-gordon Co
Grant Deed
$2,660,000 · Citizens Bank Of Ma
Jun 1, 2001
$62,500
Francis R Margaglione
Wyman Gordon Co
Grant Deed
—
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
