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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
219 Canterbury St Worcester, MA 01603-2842
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0665438
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
FRAME
Total area
5,799 SF
Lot
0.15 ac (6,631 SF)
Zoning code
BL-1
APN
WORC M:07 B:016 L:00015
UPID
US38-0665438
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
-
Canterbury Bodywork Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$634k
Blend (final)
Blend
$650k
Owner & transaction history
Marybeth M Martin · 9 yrs held
Marybeth M Martin
since 2016
6 recorded transactions
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+17.0%
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
RETAIL STORES
$845,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: -14% · Conversion: Moderate
OFFICE BUILDING
$725,000
Change: -15% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$112 / 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
$13,803
Tax year 2024
Assessed value
$459,500
Assessed 2024
Previous assessed
$408,800
+12.4% YoY
Effective rate
3.00%
On assessed value
Assessed land
$100,900
Assessed improvement
$358,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
4
Total area
5,799 SF
Lot
0.15 ac (6,631 SF)
Zoning code
BL-1
APN
WORC M:07 B:016 L:00015
UPID
US38-0665438
Jurisdiction
WORCESTER
Zoning & alternative use
BL-1 · Worcester, MA
Zoning BL-1 · permitted uses
BL-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
RETAIL STORES Current
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
OFFICE BUILDING
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1925
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Marybeth M Martin
Individual
Mailing address
23 BAY TREE LN, LOS ALTOS, CA 94022-4624
Ownership since
2016
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
Jul 27, 2018
—
Marybeth M Martin
—
Deed
related
$56,000 · Cornerstone Bank
Nov 22, 2016
$87,269
Marybeth M Martin
Jacqueline D Martin
Quit Claim Deed
related
$150,000 · Spencer Savings Bank Sla
Sep 30, 2010
—
Frank T Martin
—
Deed Of Trust
related
$100,000 · Savers Coop Bank
Oct 25, 1999
—
Frank T Martin
—
Deed Of Trust
related
$50,000 · Bankboston Development Co LLC
Jun 24, 1996
—
Frank Martin
—
Deed Of Trust
related
$10,000 · Bankboston Development Co LLC
Jul 21, 1995
$105,000
Frank Martin
Brassard Myra A 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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