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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Manufacturing properties
105 Fremont St Worcester, MA 01603-2395
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-2150185
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1899
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,632 SF
Lot
1.56 ac (67,953 SF)
Zoning code
MG-2
APN
WORC M:27 B:034 L:00001
UPID
US38-2150185
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
-
Plastek Poly Bag Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.00M
Owner & transaction history
Tien V Ngo · 7 yrs held
Tien V Ngo
since 2018
7 recorded transactions
Zoning & alternative use
MG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+37.9%
Office building
$3.2M
+36.2%
Apartment house (5+ units)
$3.1M
+31.1%
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)
$2,345,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,235,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$3,195,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,075,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,820,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±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
$78 / 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
$30,866
Tax year 2024
Assessed value
$1,027,500
Assessed 2024
Previous assessed
$856,300
+20.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$159,700
Assessed improvement
$867,800
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
Off-Market
Year built
1899
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Total area
25,632 SF
Lot
1.56 ac (67,953 SF)
Zoning code
MG-2
APN
WORC M:27 B:034 L:00001
UPID
US38-2150185
Jurisdiction
WORCESTER
Zoning & alternative use
MG-2 · Worcester, MAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
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
1899
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Tien V Ngo
Individual
Mailing address
51 WOODLAND ST, WORCESTER, MA 01610-4076
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2018
—
Tien V Ngo
Nguyen,tuy
Quit Claim Deed
related
—
Sep 7, 2018
$415,000
Tuy Nguyen
Doan,duyen
Quit Claim Deed
$311,250 · Pawtucket Cu
Aug 31, 2018
—
Duyen Doan
Doan,duyen
Quit Claim Deed
related
—
Jul 11, 2018
—
Tuy Nguyen
Doan,duyen
Quit Claim Deed
related
—
Apr 18, 2007
$400,000
Duyen Doan
Jackie T Doan
Deed
related
$300,000 · Silver Hill Fncl LLC
Apr 18, 2007
—
Duyen Doan
—
Deed Of Trust
related
$60,000 · Jackie T Doan
Nov 16, 2004
—
Jackie T Doan
—
Deed Of Trust
related
$180,000 · Interbay Funding LLC
Nov 29, 2001
$230,000
Jackie T Doan
105 Fremont St RT
Grant Deed
$100,000 · Mass Mutual Life Ins
Jun 1, 1998
—
105 Freemont St. RT
—
Deed Of Trust
related
$175,000 · First Massachusetts Bank
Dec 3, 1987
—
105 Fremont St. RT
—
Deed Of Trust
related
$165,000 · Mechanics Bank
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.
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