Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    119 Pleasant St Worcester, MA 01609
    Back to Search
    Property profile & analytics

    119 Pleasant St, Worcester, MA 01609

    View on Map
    • Parking lots & garages
    • 0.17 lot acres
    Off-Market
    Last Sale Oct 7, 2021
    $250,000
    Property ID
    US38-1633521
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 119 Pleasant St

    Lot size
    0.17 lot acres
    Zone code
    BG-3
    Property type
    Parking lots & garages
    APN
    WORC M:03 B:029 L:00015
    APU
    WORCM03B029L00015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 1, 2022 — Sheraton Apts LLC — Deed · related $800k · Digital FCU
    Oct 7, 2021 — Sheraton Apts LLC Seedat B Prashad Quit Claim Deed · related —
    Jan 25, 2019 — Seedat B Prashad Prashad,mohan R Quit Claim Deed · related —
    Apr 3, 2006 $1 Mohan Ram Prashad Prashad,mohan Grant Deed · related —
    Feb 26, 2004 $250,000 Mohan R Prashad Chestnut St T Grant Deed $158k · Bay State Savings Bank
    Jun 5, 2000 $590,000 Street T Chestnut Sbp RT Grant Deed —
    Oct 16, 1997 $80,000 Sbp RT Dillon Thomas Est Grant Deed $55k · Bay Finance Co
    Sep 20, 1996 $203,500 Street T Chestnut Fleet Bank NA Grant Deed $150k · First Massachusetts Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8065
    Latitude
    42.264
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,326
    $167,400
    $9,900
    $177,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $590,000
      0.63 Acres

      53 Chatham St

      PARKING LOT
      53 Chatham St, Worcester, MA 01609-2431
      View Details
    • Value Estimation
      $585,000
      0.23 Acres

      49 Chatham St

      PARKING LOT
      49 Chatham St, Worcester, MA 01609
      View Details
    • Value Estimation
      $2,275,000
      0.14 Acres

      3 Harvard St

      PARKING LOT
      3 Harvard St, Worcester, MA 01609
      View Details
    • Value Estimation by Request
      0.09 Acres

      35 Hudson St

      PARKING LOT
      35 Hudson St, Worcester, MA 01609
      View Details
    • Value Estimation by Request
      0.09 Acres

      1 Wendell Ter

      PARKING LOT
      1 Wendell Ter, Worcester, MA 01609
      View Details
    • Value Estimation by Request
      0.09 Acres

      4 Wesby St

      PARKING LOT
      4 Wesby St, Worcester, MA 01609
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Six-Unit Investment Property

      Investment property in a sought-after neighborhood near WPI.
      3 Marston Way, Worcester, MA 01609
      View Details
    • $695,000

      Renovated Office Building For Sale

      3,577 SF renovated office building in Worcester, MA.
      105 Merrick St, Worcester, MA 01609
      View Details
    • Contact for pricing
      Pending

      Worcester Multifamily Investment Opportunity

      Well-maintained multifamily home in convenient location with strong rental income.
      38-1/2 Bowdoin St, Worcester, MA 01609
      View Details
    • Contact for pricing

      Worcester Multifamily Near Universities

      Multifamily property near universities and hospitals in Worcester, Massachusetts.
      15 Goulding St, Worcester, MA 01609
      View Details
    • Contact for pricing
      9,999 SF

      Worcester Multifamily Portfolio Opportunity

      30-unit multifamily portfolio on Worcester's desirable West Side.
      172-176 Russell St, Worcester, MA 01609
      View Details
    • $750,000
      2,694 SF

      Income-Producing Rooming House Near WPI

      Turnkey investment property near WPI with immediate income potential.
      60 Fruit St, Worcester, MA 01609
      View Details

    Similar Nearby for Lease

    • $800 /Mo
      5,001 SF

      Downtown Worcester Office Space

      Customizable office space in downtown Worcester with ample parking.
      11 Pleasant St, Worcester, MA 01609
      View Details
    • $850 /Mo

      Renovated Professional Office Suite

      Move into a fully renovated second-floor suite with private office space, on-site parking, and shared conference facilities.
      52 Highland St, Worcester, MA 01609
      View Details
    • Contact for pricing

      Downtown Worcester Office Space

      Customizable office space in downtown Worcester with parking.
      11 Pleasant St, Worcester, MA 01609
      View Details
    • Contact for pricing

      Professional Office Space Available

      Flexible office spaces in a well-maintained, accessible location.
      25 Harvard St, Worcester, MA 01609
      View Details
    • Contact for pricing
      2,106 SF

      Worcester Office Space For Rent

      Attractive office space near courthouse, convenient location off I-290.
      10-12 Harvard St, Worcester, MA 01609
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Lease office space within established medical practice in Worcester.
      111 Elm St, Worcester, MA 01609
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    119 Pleasant St
    Worcester, MA 01609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    119 Pleasant St, Worcester, MA, 01609
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!