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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Investment properties
244 Shrewsbury St Worcester, MA 01604-4666
Individually Owned
Absentee Owner
Property ID
US38-2265942
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
4,134 SF
Lot
0.14 ac (5,970 SF)
Zoning code
ML20
APN
WORC M:16 B:016 L:00031
UPID
US38-2265942
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
-
Nilda's Day Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$510k
Owner & transaction history
Lairton Panighel
Lairton Panighel
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
ML20 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$705,000
+54.2%
Retail stores
$605,000
+31.8%
Neighborhood: shopping center
$520,000
+13.9%
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
$470,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$460,000
Current use
AUTO REPAIR, GARAGE
$705,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$415,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $550k (Dec 6 2023)
Last sale anchor
$550k
Dec 6 2023
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
$123 / 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
Assessed value
$438,900
Assessed 2024
Previous assessed
$438,900
+0.0% YoY
Assessed land
$129,200
Assessed improvement
$309,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
3
Total area
4,134 SF
Lot
0.14 ac (5,970 SF)
Zoning code
ML20
APN
WORC M:16 B:016 L:00031
UPID
US38-2265942
Jurisdiction
WORCESTER
Zoning & alternative use
ML20 · Worcester, MA
Zoning ML20 · permitted uses
ML20 · 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
COMMERCIAL (GENERAL) Current
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$705,000
RETAIL STORES
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
OFFICE BUILDING
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$415,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1890
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Lairton Panighel
Individual
Mailing address
82 W BOYLSTON ST, WORCESTER, MA 01606-2824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 25, 2025
—
Lairton Panighel
One Enterprise Corp
Quitclaim Deed
related
—
Dec 6, 2023
—
E D Morais
Lairton Panighel
Quit Claim Deed
related
—
Oct 25, 2021
—
Evanilda Rodrigues
Elcio Rodrigues
Quit Claim Deed
related
—
Apr 4, 2016
—
Evanilda Rodrigues
Rodrigues,evanilda D & Elcio
Quit Claim Deed
related
—
Oct 26, 2006
$550,000
Elcio Rodrigues
Trieu,ngog A
Grant Deed
$425,000 · Option One Mortgage Corp
Sep 10, 2003
$440,000
Kelly Trieu
Corapi,amelia C
Grant Deed
$302,000 · Hudson Savings Bank
Sep 10, 2003
—
Kelly Trieu
—
Deed Of Trust
related
$50,000 · Antonio Corapi
Mar 10, 2003
—
Amelia C Corapi
—
Deed Of Trust
related
$150,000 · Key Home Mortgage Corp
Jul 20, 2001
—
Antonio Corapi
—
Deed Of Trust
related
$124,000 · Commerce Bank & Trust
Feb 1, 2001
$110,000
Antonio Corapi
Entwistle,james
Grant Deed
—
Apr 29, 1994
$70,000
James Entwistle
Baroni,anna
Grant Deed
$49,000 · American Liberty Mortgage Loan
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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