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Property profile & analytics
OFF-MARKET
Estimated value
$5,080,000
Hotels
110 Summer St Worcester, MA 01608-1212
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1880285
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,432 SF
Lot
1.64 ac (71,438 SF)
Zoning code
ML40
APN
WORC M:01 B:034 L:00045
UPID
US38-1880285
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
-
Hotel Worcester Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.06M
Comparable Approach
Comparable
$5.10M
Blend (final)
Blend
$5.08M
Owner & transaction history
Vision Summer LLC · 12 yrs held
Vision Summer LLC
since 2013
7 recorded transactions
Zoning & alternative use
ML40 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+139.3%
Medical building
$6.5M
+132.5%
Auto repair, garage
$6.0M
+115.1%
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%
$5,480,000
6.5%
$5,060,000
7%
$4,695,000
Alternative Use
Use
Estimation
RESTAURANT
$6,645,000
Change: +139% · Conversion: Difficult
MEDICAL BUILDING
$6,460,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,975,000
Change: +115% · Conversion: Difficult
RETAIL STORES
$5,220,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$3,825,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,465,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$5.08M
Range $4.57M – $5.59M · ±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
$97 / 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
$314,771
Tax year 2024
Assessed value
$10,478,400
Assessed 2024
Previous assessed
$8,986,500
+16.6% YoY
Effective rate
3.00%
On assessed value
Assessed land
$1,663,100
Assessed improvement
$8,815,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
5
Units
96
Total area
52,432 SF
Lot
1.64 ac (71,438 SF)
Zoning code
ML40
APN
WORC M:01 B:034 L:00045
UPID
US38-1880285
Jurisdiction
WORCESTER
Zoning & alternative use
ML40 · Worcester, MA
Zoning ML40 · permitted uses
ML40 · 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
RESTAURANT
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RETAIL STORES
Est. value
$5.2M
OFFICE BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
5
Buildings
1
Units
96
Lot
1.64 ac
Current owner
From public records · entity-resolved
Vision Summer LLC
Entity
Mailing address
110 SUMMER ST, WORCESTER, MA 01608-1212
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
—
Vision Summer LLC
—
Deed
related
$4,625,000 · Avidia Bank
Jul 15, 2016
—
Vision Summer LLC
—
Deed
related
$300,000 · Avidia Bank
Jul 25, 2013
—
Vision Summer LLC
—
Deed Of Trust
related
$600,000 · Nationa Rpub Bk Chica
Jul 24, 2013
—
Vision Summer LLC
Worcester Hospitality Grp
Quit Claim Deed
related
$6,400,000 · Avidia Bank
Jul 25, 2007
—
Worc Hospitality Grp LLC
—
Deed Of Trust
related
$600,000 · Zions First National Bank
Aug 16, 2004
$7,000,000
Worcester Hosp Grp LLC
Aim Mgmt Corp
Grant Deed
$7,350,000 · Zions First National Bank
Jun 27, 1997
—
Elmart Assoc LP
—
Deed Of Trust
related
$2,950,000 · Chase Manhattan Bank
Aug 11, 1989
—
Elmart Assoc Ltd
—
Deed Of Trust
related
$4,000,000 · Natl Westminster Bk
Jan 13, 1989
—
Elmart Assoc Ltd
—
Deed Of Trust
related
$1,682,333 · Zmc Trust Et Al 2nd
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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