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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Industrial properties
141 Dewey St Worcester, MA 01610-1034
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1712026
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,810 SF
Lot
0.28 ac (12,286 SF)
Zoning code
MG-1
APN
WORC M:06 B:022 L:00032
UPID
US38-1712026
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$605k
Owner & transaction history
141 Dewey Street LLC · 12 yrs held
141 Dewey Street LLC
since 2014
6 recorded transactions
Zoning & alternative use
MG-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+86.7%
Retail stores
$850,000
+59.6%
Neighborhood: shopping center
$735,000
+37.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$530,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +87% · Conversion: Easy
RETAIL STORES
$850,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$104 / 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
$10,415
Tax year 2024
Assessed value
$346,700
Assessed 2024
Previous assessed
$345,900
+0.2% YoY
Effective rate
3.00%
On assessed value
Assessed land
$60,400
Assessed improvement
$286,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
2
Total area
5,810 SF
Lot
0.28 ac (12,286 SF)
Zoning code
MG-1
APN
WORC M:06 B:022 L:00032
UPID
US38-1712026
Jurisdiction
WORCESTER
Zoning & alternative use
MG-1 · Worcester, MA
Zoning MG-1 · permitted uses
MG-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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$995,000
RETAIL STORES
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
OFFICE BUILDING
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$585,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
141 Dewey Street LLC
Entity
Mailing address
55 BOTANY BAY RD, WORCESTER, MA 01602-3517
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2014
$220,000
141 Dewey Street LLC
Commerce B&t Co
Quit Claim Deed
related
$120,000 · Commerce Bank & Trust
Jan 2, 2013
$190,000
Commerce B&t Co
Cj&ce Realty LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Aug 8, 2007
—
Cj&ce Realty LLC
—
Deed Of Trust
related
$250,000 · Commerce Bank & Trust
Jul 20, 2007
$280,000
Cj&ce Realty Corp
Barney Realty Corp
Grant Deed
—
Jul 20, 2007
$1
Cj&ce Realty LLC
Harvey,claire M
Grant Deed
—
Jul 21, 2000
$68,000
Barney Rlty Corp
Harvey Edward T Est
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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