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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Super regional malls
205 Chandler St Worcester, MA 01609-2985
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2174608
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,529 SF
Lot
0.6 ac (25,978 SF)
Zoning code
BG-3
APN
WORC M:06 B:014 L:00003
UPID
US38-2174608
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
-
King Chef Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.41M
Owner & transaction history
Tt Worcester Realty LLC · 4 yrs held
Tt Worcester Realty LLC
since 2021
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
BG-3 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+64.8%
Auto repair, garage
$2.5M
+35.4%
Retail stores
$2.1M
+15.7%
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
$2,190,000
ML approach
$2,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,835,000
Current use
RESTAURANT
$3,020,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,485,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$2,120,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$1,810,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,765,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,745,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.70M (Dec 31 2021)
Last sale anchor
$2.70M
Dec 31 2021
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
$166 / 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
$50,113
Tax year 2024
Assessed value
$1,668,200
Assessed 2024
Previous assessed
$1,403,600
+18.9% YoY
Effective rate
3.00%
On assessed value
Assessed land
$245,400
Assessed improvement
$1,422,800
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Units
3
Total area
14,529 SF
Lot
0.6 ac (25,978 SF)
Zoning code
BG-3
APN
WORC M:06 B:014 L:00003
UPID
US38-2174608
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Units
3
Lot
0.6 ac
Current owner
From public records · entity-resolved
Tt Worcester Realty LLC
Entity
Mailing address
10 DEXTER DR, SHERBORN, MA 01770-1124
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2021
$2,700,000
Tt Worcester Realty LLC
Chandler Rlty Advisors
Quit Claim Arm's Length For Ne States
$2,160,000 · Rockland Trust Co
Jul 20, 2012
—
Chandler Realty Advisors
—
Deed Of Trust
related
$14,440,000 · Avidia Bank
Dec 21, 2007
—
Chandler Rlty Advisor LLC
—
Deed Of Trust
related
$60,000 · River Bank
Apr 11, 2006
$1,275,000
Chandler Rlty Advisor LLC
Flintlock Farm INC
Grant Deed
$950,000 · Lawrence Savings Bank
Dec 5, 2001
—
Flintlock Farm INC
—
Deed Of Trust
related
$500,000 · First Massachusetts Bank
Nov 22, 1989
$400,000
Stable Group INC
Richards,david
Grant Deed
—
Nov 22, 1989
—
Stable Group INC
—
Deed Of Trust
related
$637,500 · Mechanics Bank
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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