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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Office buildings
179 Shrewsbury St Worcester, MA 01604-4617
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0139249
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,397 SF
Lot
0.37 ac (16,285 SF)
Zoning code
BG-2
APN
WORC M:16 B:033 L:001+7
UPID
US38-0139249
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
-
Stephen Laska Real Estate Agency
-
Hair by Eva’s invidium Hair Salon
-
Hair by Eli @Invidium Salon Hair Salon
-
Pepe's Italian Market Grocery & Convenience Store Food Market
-
Invidium Salon & Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.24M
Owner & transaction history
Vesta Callegos Corp · 4 yrs held
Vesta Callegos Corp
since 2022
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
BG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+66.8%
Auto repair, garage
$1.6M
+37.1%
Retail stores
$1.4M
+17.2%
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
$1,255,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,170,000
Current use
RESTAURANT
$1,955,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,605,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,375,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,185,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,125,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,040,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$945,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.53M (Jun 14 2022)
Last sale anchor
$1.53M
Jun 14 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
$132 / 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
$30,602
Tax year 2024
Assessed value
$1,018,700
Assessed 2024
Previous assessed
$837,500
+21.6% YoY
Effective rate
3.00%
On assessed value
Assessed land
$269,200
Assessed improvement
$749,500
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
2
Total area
9,397 SF
Lot
0.37 ac (16,285 SF)
Zoning code
BG-2
APN
WORC M:16 B:033 L:001+7
UPID
US38-0139249
Jurisdiction
WORCESTER
Zoning & alternative use
BG-2 · Worcester, MA
Zoning BG-2 · permitted uses
BG-2 · 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
$1.2M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$945,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Vesta Callegos Corp
Entity
Mailing address
179 SHREWSBURY ST, WORCESTER, MA 01604-4617
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
—
Vesta Callegos Corp
—
Deed
related
$274,404 · Lm Capital LLC
Oct 11, 2024
—
Vesta Callegos Corp
—
Deed
related
$2,120,000 · Fidelity Cooperative Bank
Jun 14, 2022
$1,530,800
Vesta Callegos Corp
Shrewsbury St General Inv
Quit Claim Arm's Length For Ne States
$2,451,860 · Lm Capital LLC
Aug 17, 2005
—
Shrewsbury St Invest LLC
—
Deed Of Trust
related
$800,000 · Lbm Financial LLC
May 29, 2003
—
E Manzi T Francis
—
Deed Of Trust
related
$68,752 · Flagship Bank & Trust
Jan 12, 1998
—
E Manzi T Francis
—
Deed Of Trust
related
$80,000 · Flagship Bank & Trust
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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