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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Retail space
140 Chandler St Worcester, MA 01609-2915
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1709567
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,900 SF
Lot
0.32 ac (13,855 SF)
Zoning code
BG-3
APN
WORC M:06 B:016 L:31+32
UPID
US38-1709567
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
-
Economy Paint Supply - Worcester Hardware & Home Improvement Building Supply
-
NAL'S Paint Center Hardware & Home Improvement Building Supply
-
Superior Auto Detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$630k
Owner & transaction history
140 Chandler Street LLC · 1 yrs held
140 Chandler Street LLC
since 2025
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
BG-3 · 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
Method
Estimation
Statistic approach
$595,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,010,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: -14% · Conversion: Moderate
OFFICE BUILDING
$860,000
Change: -15% · Conversion: Easy
COMMERCIAL (GENERAL)
$840,000
Change: -17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$830,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $700k (Jan 30 2025)
Last sale anchor
$700k
Jan 30 2025
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
$91 / 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
$18,700
Tax year 2024
Assessed value
$622,500
Assessed 2024
Previous assessed
$511,100
+21.8% YoY
Effective rate
3.00%
On assessed value
Assessed land
$152,400
Assessed improvement
$470,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
6,900 SF
Lot
0.32 ac (13,855 SF)
Zoning code
BG-3
APN
WORC M:06 B:016 L:31+32
UPID
US38-1709567
Jurisdiction
WORCESTER
Zoning & alternative use
BG-3 · Worcester, MA
Zoning BG-3 · permitted uses
BG-3 · 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
RETAIL STORES Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
OFFICE BUILDING
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$830,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
140 Chandler Street LLC
Entity
Mailing address
140 CHANDLER ST, WORCESTER, MA 01609-2915
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
140 Chandler Street LLC
328-330 Merrimack St T
Quitclaim Deed
related
—
Aug 15, 2023
$700,000
328-330 Merrimack St T
Bppl Holdings INC
Quit Claim Arm's Length For Ne States
$560,000 · Country Bank
Aug 5, 2014
$500,000
Bppl Holdings INC
Economy Chandler Rlty
Quit Claim Arm's Length For Ne States
$375,000 · Webster Bank
Mar 31, 2009
$1
Steven Epstein
Hyman H Epstein T
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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