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Property profile & analytics
OFF-MARKET
Specialty properties
23 Vernon St, Worcester, MA 01610-2279
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-0137851
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1890
Construction
FRAME
Total area
4,080 SF
Lot
0.08 ac (3,367 SF)
Zoning code
RG-5
APN
WORC M:04 B:039 L:00023
UPID
US38-0137851
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vernon Street Worce T · 14 yrs held
Vernon Street Worce T
since 2011
7 recorded transactions
Zoning & alternative use
RG-5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$3,967
Tax year 2019
Assessed value
$454,800
Assessed 2024
Previous assessed
$354,300
+28.4% YoY
Effective rate
0.87%
On assessed value
Assessed land
$50,100
Assessed improvement
$404,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
3
Rooms
16
Bathrooms
3
Total area
4,080 SF
Lot
0.08 ac (3,367 SF)
Zoning code
RG-5
APN
WORC M:04 B:039 L:00023
UPID
US38-0137851
Jurisdiction
WORCESTER
Zoning & alternative use
RG-5 · Worcester, MA
Zoning RG-5 · permitted uses
RG-5 · 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.
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
3
Rooms
16
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Vernon Street Worce T
Individual
Mailing address
23 VERNON ST, WORCESTER, MA 01610-2279
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2011
$65,000
Vernon Street Worce T
Commerce Bank & Tco
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Aug 10, 2005
$375,000
Edward Ewiah
Gladys Hatidani
Deed
$300,000 · Meritage Mtg Corp
Oct 5, 2004
$320,000
Gladys Hatidani
Osei,frank
Grant Deed
—
Mar 8, 2004
$320,000
Frank Osei
Sapong,rowland K
Grant Deed
$256,000 · Nation One Mortgage Co INC
Mar 8, 2004
—
Frank Osei
—
Deed Of Trust
related
$64,000 · Nation One Mortgage Co INC
Aug 15, 2003
—
Rowland K Sapong
—
Deed Of Trust
related
$217,500 · Argent Mortgage Co LLC
Jun 26, 2002
$196,000
Rowland K Sapong
Pannis,ricardo
Grant Deed
$176,400 · Drew Mortgage Assoc INC
Jun 19, 2001
$155,000
Ricardo Pannis
1 Princeton St RT
Grant Deed
$124,000 · Meritage Mortgage Corp
Jun 19, 2001
—
Ricardo Pannis
—
Deed Of Trust
related
$31,000 · Meritage Mortgage Corp
Apr 15, 1999
$44,000
23 Vernon St. RT
Amersco Residential Se
Grant Deed
—
Sep 22, 1998
$79,790
Bankers Trust Co
Slaughter,delores A
Grant Deed
related
—
Jul 24, 1997
—
Delores A Slaughter
—
Deed Of Trust
related
$83,200 · Bnc Mortgage INC
Oct 22, 1996
—
Delores A Slaughter
—
Deed Of Trust
related
$76,000 · Parkway Mortgage INC
Jul 2, 1996
—
Delores Slaughter
—
Deed Of Trust
related
$57,000 · Fec Mortgage Corp
Apr 19, 1996
$60,000
Delores Slaughter
Whitney,richard F
Grant Deed
$54,000 · Zenon Grzybowski
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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