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Property profile & analytics
OFF-MARKET
Commercial land
1094 Main St, Worcester, MA 01603-2064
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0173631
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,692 SF
Lot
0.13 ac (5,826 SF)
Zoning code
BG-4
APN
WORC M:08 B:024 L:0003A
UPID
US38-0173631
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
-
Speed Zone Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1094 Main LLC · 8 yrs held
1094 Main LLC
since 2018
7 recorded transactions
Zoning & alternative use
BG-4 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,085
Tax year 2024
Assessed value
$136,000
Assessed 2024
Previous assessed
$121,000
+12.4% YoY
Effective rate
3.00%
On assessed value
Assessed land
$135,600
Assessed improvement
$400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Total area
3,692 SF
Lot
0.13 ac (5,826 SF)
Zoning code
BG-4
APN
WORC M:08 B:024 L:0003A
UPID
US38-0173631
Jurisdiction
WORCESTER
Zoning & alternative use
BG-4 · Worcester, MA
Zoning BG-4 · permitted uses
BG-4 · 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.
Building & site characteristics
From public records
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
1094 Main LLC
Entity
Mailing address
1094 MAIN ST, WORCESTER, MA 01603-2064
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
May 17, 2022
—
1094 Main LLC
—
Deed
related
$350,000 · Danny T La
Mar 30, 2018
—
1094 Main LLC
—
Deed
related
$187,500 · Velocity Com'l Cap
Jan 22, 2018
—
1094 Main LLC
Tran,tuan T & Thanh H
Quit Claim Deed
related
$162,500 · Velocity Com'l Cap
Oct 24, 2017
—
Tuan T Tran
Tran,tuan T
Quit Claim Deed
related
—
Jul 23, 2007
—
Tuan Thanh Tran
—
Deed Of Trust
related
$247,500 · Greenpoint Mortgage Funding
Sep 1, 2004
$1
Tuan Thanh Tran
Tran,hoa
Grant Deed
related
—
Dec 4, 2001
$175,000
Tuan Tran
Oneil,james S
Grant Deed
$113,750 · Commerce Bank & Trust
Dec 21, 1998
—
James S O'neil
—
Deed Of Trust
related
$223,089 · Bankboston Development Co LLC
Jul 28, 1989
—
James O'neil
—
Deed Of Trust
related
$73,000 · Worc County Inst Savings
—
—
1094 Main LLC
—
Deed Of Trust
related
$187,500 · Velocity Com'l Cap
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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