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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Investment properties
249 Lincoln St Worcester, MA 01605-2100
Entity Owned
1-yr Hold
Property ID
US38-2303290
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
7,256 SF
Lot
0.15 ac (6,500 SF)
Zoning code
BL-1
APN
WORC M:09 B:013 L:00010
UPID
US38-2303290
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
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$895k
Owner & transaction history
39 Worcester LLC · 1 yrs held
39 Worcester LLC
since 2024
Last sale
$892,949
7 recorded transactions
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+34.2%
Retail stores
$1.1M
+14.7%
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
$895,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Current use
AUTO REPAIR, GARAGE
$1,240,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$1,060,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: -2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $893k (Jul 26 2024)
Last sale anchor
$893k
Jul 26 2024
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
$885,500
Assessed 2024
Previous assessed
$885,500
+0.0% YoY
Assessed land
$254,800
Assessed improvement
$630,700
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
1920
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
4
Total area
7,256 SF
Lot
0.15 ac (6,500 SF)
Zoning code
BL-1
APN
WORC M:09 B:013 L:00010
UPID
US38-2303290
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
COMMERCIAL (GENERAL) Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
OFFICE BUILDING
Est. value
$905,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1920
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
39 Worcester LLC
Entity
Mailing address
249 LINCOLN STSTE22, WORCESTER, MA 01605-2100
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
39 Worcester LLC
—
Deed
related
$5,000,000 · Jeanne D Arc Cu
Jul 26, 2024
$892,949
39 Worcester LLC
39 Newton Street LLC
Quit Claim Arm's Length For Ne States
$4,866,000 · Rd W Spv LLC
Jun 15, 2015
—
39 Newton Street LLC
Kline Michael S
Quit Claim Deed
related
—
May 28, 2015
$350,000
Michael S Kline
Lbm Financial LLC
Quit Claim Deed
$440,000 · Millbury Cu
Jan 28, 2014
$450,000
Lbm Financial LLC
Moraes Group LLC
Foreclosure
related
$240,000 · Marlborough Savings Bank
Sep 19, 2008
$637,576
Moraes Group LLC
249 Lincoln St Assoc L
Deed
$637,576 · Lbm Financial LLC
Nov 1, 2006
$400,000
249 Lincoln St Assoc L
Lbm Financial LLC
Foreclosure
related
$600,000 · Lbm Financial LLC
Jun 28, 2006
$550,100
Shrewsbury Street Dev Co
Krowel,tracy L
Grant Deed
—
Jun 2, 2006
$550,100
Shrewsbury St Dev Co LLC
Krowel,tracy L
Grant Deed
—
May 3, 2005
$530,000
Tracy L Krowel
247-253 Lincoln St T
Deed
$550,000 · Lbm Financial LLC
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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