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Property profile & analytics
OFF-MARKET
Estimated value
$5,185,000
Investment properties
27 Austin St, Worcester, MA 01609-2423
Entity Owned
Property ID
US38-2446775
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1992
Construction
CONCRETE
Total area
93,903 SF
Lot
0.55 ac (24,126 SF)
Zoning code
BG-3
APN
WORC M:03 B:018 L:00047
UPID
US38-2446775
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
-
27 Austin St Garage Parking Lot & Garage
-
LAZ Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.19M
Owner & transaction history
600 Tic Owner I LLC
600 Tic Owner I LLC
since 2025
Last sale
$5.2M
5 recorded transactions
Zoning & alternative use
BG-3 · 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
Method
Estimation
Statistic approach
$5,185,000
ML approach
$5,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.19M
Range $4.67M – $5.70M · ±10% · vs last sale $5.19M (Jan 4 2024)
Last sale anchor
$5.19M
Jan 4 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
$55 / 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 2015Property tax & assessments
Tax year 2015
Tax billed
$82,000
Tax year 2015
Assessed value
$3,949,700
Assessed 2024
Previous assessed
$3,949,700
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$180,000
Assessed improvement
$3,769,700
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
1992
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
5
Units
300
Total area
93,903 SF
Lot
0.55 ac (24,126 SF)
Zoning code
BG-3
APN
WORC M:03 B:018 L:00047
UPID
US38-2446775
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.
Building & site characteristics
From public records
Year built
1992
Construction
CONCRETE
Heating
NONE
Stories
5
Buildings
1
Units
300
Lot
0.55 ac
Current owner
From public records · entity-resolved
600 Tic Owner I LLC
Entity
Mailing address
27 AUSTIN ST, WORCESTER, MA 01609-2423
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
—
600 Tic Owner I LLC
Worcester Tic Owner I LLC
Quitclaim Deed
related
$35,727,000 · Key Bank NA
Jan 4, 2024
$5,185,000
Worcester Tic Owner I LLC
Chandler Owner II LLC
Quit Claim Arm's Length For Ne States
—
Jan 20, 2021
$3,600,000
Chandler Owner 2 LLC
Russell Block Assoc LP
Quit Claim Arm's Length For Ne States
$11,185,815 · Pacific Western Bank
Mar 13, 1991
—
Russell Block Assoc Ld
—
Deed Of Trust
related
$2,156,250 · Shawmut Bank Of Boston
Mar 11, 1991
—
Russ Block Assoc Ltd
—
Deed Of Trust
related
$2,156,250 · Shawmut Bank Of Boston
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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