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Property profile & analytics
OFF-MARKET
Estimated value
$9,165,000
Manufacturing properties
15 Coppage Dr Worcester, MA 01603-1252
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-2386080
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
87,144 SF
Lot
12.03 ac (524,026 SF)
Zoning code
IP-.33
APN
WORC M:56 B:INX L:0000I
UPID
US38-2386080
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
-
Tricab Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.16M
Blend (final)
Blend
$9.17M
Owner & transaction history
Coppage Dr Prop Owner LLC · 3 yrs held
Coppage Dr Prop Owner LLC
since 2022
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
IP-.33 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.9M
+86.7%
Retail stores
$12.7M
+59.6%
Neighborhood: shopping center
$11.0M
+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
$7,615,000
ML approach
$8,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,975,000
Current use
AUTO REPAIR, GARAGE
$14,895,000
Change: +87% · Conversion: Easy
RETAIL STORES
$12,730,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,000,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$10,865,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,455,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,585,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$9.17M
Range $8.25M – $10.08M · ±10% · vs last sale $9.30M (Sep 20 2022)
Last sale anchor
$9.30M
Sep 20 2022
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
$105 / 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
$235,685
Tax year 2024
Assessed value
$7,845,700
Assessed 2024
Previous assessed
$3,421,600
+129.3% YoY
Effective rate
3.00%
On assessed value
Assessed land
$617,600
Assessed improvement
$7,228,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
87,144 SF
Lot
12.03 ac (524,026 SF)
Zoning code
IP-.33
APN
WORC M:56 B:INX L:0000I
UPID
US38-2386080
Jurisdiction
WORCESTER
Zoning & alternative use
IP-.33 · Worcester, MA
Zoning IP-.33 · permitted uses
IP-.33 · 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
$8.0M
AUTO REPAIR, GARAGE
Est. value
$14.9M
RETAIL STORES
Est. value
$12.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
OFFICE BUILDING
Est. value
$10.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$9.6M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
12.03 ac
Current owner
From public records · entity-resolved
Coppage Dr Prop Owner LLC
Entity
Mailing address
133 PEARL ST, BOSTON, MA 02110-2499
Ownership since
2022
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
Sep 20, 2022
$9,300,000
Coppage Dr Prop Owner LLC
Coppage Holdings INC
Quit Claim Arm's Length For Ne States
$6,045,000 · Cambridge Savings Bank
Mar 10, 2011
$400,000
Coppage Holdings INC
Worcester City Of
Grant Deed
$4,036,000 · Wells Fargo Mortgage
Oct 29, 2007
$50,000
C Int
C&g Int
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Sep 18, 2007
$1,550,000
Pci Prop Holdings LLC
Kennedy Ft
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Apr 25, 2003
—
Kennedy Ft
—
Deed Of Trust
related
$500,000 · Economic Stabilizat T
May 28, 2002
—
Paul S Kennedy
—
Deed Of Trust
related
$2,800,000 · Ma Housing Partner Fund
Sep 25, 1996
—
Kennedy Ft
—
Deed Of Trust
related
$2,100,000 · First Massachusetts Bank
Feb 13, 1995
—
Kennedy Ft
—
Deed Of Trust
related
$1,100,000 · Shawmut Bank Of Boston
Apr 13, 1992
—
Kennedy Ft
—
Deed Of Trust
related
$220,000 · Shawmut Bank Of Boston
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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