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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Showrooms
28 Douglas St, Worcester, MA 01603-2849
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1029403
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,056 SF
Lot
0.27 ac (11,612 SF)
Zoning code
RG-5
APN
WORC M:07 B:020 L:00008
UPID
US38-1029403
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
$670k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Unity Prop Partners LLC · 3 yrs held
Unity Prop Partners LLC
since 2023
Last sale
$736,000
7 recorded transactions
Zoning & alternative use
RG-5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$520,000
+55.4%
Retail stores
$445,000
+32.8%
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
$760,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$520,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $736k (Jul 6 2023)
Last sale anchor
$736k
Jul 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
$232 / 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
$5,840
Tax year 2024
Assessed value
$194,400
Assessed 2024
Previous assessed
$194,400
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$133,500
Assessed improvement
$60,900
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Buildings
1
Stories
1
Total area
3,056 SF
Lot
0.27 ac (11,612 SF)
Zoning code
RG-5
APN
WORC M:07 B:020 L:00008
UPID
US38-1029403
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$520,000
RETAIL STORES
Est. value
$445,000
AUTO REPAIR, GARAGE
RETAIL STORES
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
1
Buildings
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Unity Prop Partners LLC
Entity
Mailing address
28 DOUGLAS ST, WORCESTER, MA 01603-2849
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Dec 31, 2025
—
Unity Prop Partners LLC
—
Deed
related
$862,500 · Rflf 4 LLC
May 29, 2025
—
Unity Prop Partners LLC
—
Deed
related
$100,000 · Nuance Capital LLC
Sep 4, 2024
—
Unity Prop Ppartners LLC
—
Deed
related
$531,000 · Rflf 4 LLC
Nov 30, 2023
—
Unity Prop Partners LLC
—
Deed
related
$200,000 · Sangeetha Pooannan
Jul 6, 2023
$736,000
Unity Prop Partners LLC
Douglas Street RT
Quit Claim Arm's Length For Ne States
$837,723 · Rflf 7 LLC
Dec 3, 2015
—
Douglas,street Realty Trust
Distefano,matthew R
Quit Claim Deed
related
—
Mar 20, 2008
—
Mathew R Distefano JR.
—
Deed Of Trust
related
$550,000 · Country Bank
Jul 29, 2003
—
Mathew R Distefano JR.
—
Deed Of Trust
related
$312,500 · Country Bank
Apr 29, 1999
—
Matthew Distefano
—
Deed Of Trust
related
$60,000 · Misc Other
Apr 28, 1999
$135,000
Mathew R Distefano JR.
Mendard,thomas H
Grant Deed
$130,000 · Country Bank
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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