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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Office buildings
165 Southbridge St Worcester, MA 01608-2045
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-2456229
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
STEEL FRAME
Total area
10,986 SF
Lot
1.19 ac (51,836 SF)
Zoning code
BG-6
APN
WORC M:03 B:007 L:00001
UPID
US38-2456229
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
-
Reclaimed Wood Worcester Hardware & Home Improvement Home Decor Store
-
AIDS Project Worcester Inc Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.09M
Owner & transaction history
165 Southbrdg St Rlty LLC · 18 yrs held
165 Southbrdg St Rlty LLC
since 2008
7 recorded transactions
Zoning & alternative use
BG-6 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+17.2%
Neighborhood: shopping center
$1.4M
+1.2%
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
OFFICE BUILDING
$1,370,000
Current use
RETAIL STORES
$1,605,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,385,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,210,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,100,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$99 / 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
$16,444
Tax year 2024
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Total area
10,986 SF
Lot
1.19 ac (51,836 SF)
Zoning code
BG-6
APN
WORC M:03 B:007 L:00001
UPID
US38-2456229
Jurisdiction
WORCESTER
Zoning & alternative use
BG-6 · Worcester, MA
Zoning BG-6 · permitted uses
BG-6 · 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
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1993
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
165 Southbrdg St Rlty LLC
Entity
Mailing address
51 SEABROOK DR, TEATICKET, MA 02536-5821
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2010
—
165 Southbridge St. Rlty
—
Deed Of Trust
related
$190,000 · Clinton Savings Bank
Apr 1, 2008
$220,000
165 Southbrdg St Rlty LLC
165 Southbridge Street RT
Grant Deed
—
Jun 14, 1996
—
165 Southbridge St. Rlt
—
Deed Of Trust
related
$237,467 · Flagship Bank & Trust
Dec 9, 1994
—
165 Southbridge Realty
—
Deed Of Trust
related
$211,000 · Worc Business Devcorp
Mar 25, 1994
$155,000
165 Southbridge St. Rlt
Country Bank For Svgs
Grant Deed
—
Mar 25, 1994
—
Thomas Gardner
—
Deed Of Trust
related
$202,000 · Worc County Inst Savings
Jul 23, 1991
$30,000
F P M Co
Freilich,arnold L
Grant Deed
—
Mar 23, 1989
$275,000
Frederick A Koza
Fisher,theodore
Grant Deed
$216,000 · Country Bank
Aug 3, 1988
—
James J Soffan
—
Deed Of Trust
related
$1,400,000 · First Service Bank Savings
Apr 7, 1988
—
F M Realty Trust
—
Deed Of Trust
related
$2,495,000 · Shawmut Worc Cnty Bk
Dec 10, 1987
—
F M Realty Trust
—
Deed Of Trust
related
$1,750,000 · Shawmut Worc Cnty Bk
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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