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Property profile & analytics
OFF-MARKET
Investment properties
1378 Main St Worcester, MA 01603-1524
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1159039
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,066 SF
Lot
0.09 ac (3,773 SF)
Zoning code
BL-1
APN
WORC M:15 B:008 L:00005
UPID
US38-1159039
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
-
Jonathan F Ketchum Dpm Physician
-
Dr. Jonathan Ketchum Physician
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
Investlets LLC · 1 yrs held
Investlets LLC
since 2024
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
BL-1 · 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 2018Property tax & assessments
Tax year 2018
Tax billed
$11,461
Tax year 2018
Assessed value
$343,800
Assessed 2024
Previous assessed
$375,100
-8.3% YoY
Effective rate
3.33%
On assessed value
Assessed land
$95,900
Assessed improvement
$247,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
3
Total area
3,066 SF
Lot
0.09 ac (3,773 SF)
Zoning code
BL-1
APN
WORC M:15 B:008 L:00005
UPID
US38-1159039
Jurisdiction
WORCESTER
Zoning & alternative use
BL-1 · Worcester, MA
Zoning BL-1 · permitted uses
BL-1 · 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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Investlets LLC
Entity
Mailing address
482 SALISBURY ST, HOLDEN, MA 01520-1424
Ownership since
2024
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
Dec 23, 2025
—
Investlets LLC
—
Deed
related
$401,250 · Salem Five Cents Savings Bank
Dec 24, 2024
$450,000
Investlets LLC
1378 Main Street LLC
Deed
$337,500 · Velocity Commercial Capital LLC
Aug 10, 2022
$390,000
1378 Main Street LLC
Ketchum Properties LLC
Quit Claim Arm's Length For Ne States
$300,000 · Bay State Savings Bank
Jun 15, 2018
—
Ketchum Properties LLC
—
Deed
related
$75,000 · Fidelity Cooperative Bank
Nov 12, 2015
$240,000
Ketchum Properties LLC
Black Marlin Realty Ll
Quit Claim Arm's Length For Ne States
$180,000 · Fidelity Cooperative Bank
Jul 8, 2009
—
Black Marlin Realty LLC
—
Deed Of Trust
related
$150,000 · Country Bank
Mar 5, 2009
$146,000
Black Marlin Realty LLC
S&s RT
Grant Deed
—
Dec 27, 2001
—
S RT
—
Deed Of Trust
related
$138,500 · N Brookfield Savings Bank
Apr 30, 1999
$140,000
Samuel R Cook
Natl Assoc Govt Employ
Grant Deed
$105,000 · N Brookfield Savings Bank
Nov 17, 1993
$161,500
National Assoc Govt
Richard,r Wayne
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.
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