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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
29 Endicott St Worcester, MA 01610-1860
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1046334
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
FRAME
Total area
9,394 SF
Lot
0.31 ac (13,684 SF)
Zoning code
RG-5
APN
WORC M:05 B:040 L:20+52
UPID
US38-1046334
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
-
Sarai Rivera Transit Station
-
North Atlantic States Carpenters Union - Local 336 Advocacy Group
-
New England Regional Council Advocacy Group
-
Nage Local 495 Advocacy Group
-
Neighbor to Neighbor Massachusetts Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$610k
Owner & transaction history
Nercc Headquarters LLC · 8 yrs held
Nercc Headquarters LLC
since 2018
5 recorded transactions
Zoning & alternative use
RG-5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the RG-5 is the promotion of residential uses and related uses
Zone name
General Residential 5000 Square Feet Minimum Lot Size
General category
RESIDENTIAL
Zone area
2,659.33 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$945,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$65 / 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
$21,385
Tax year 2024
Assessed value
$711,900
Assessed 2024
Previous assessed
$736,400
-3.3% YoY
Effective rate
3.00%
On assessed value
Assessed land
$151,000
Assessed improvement
$560,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1935
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
2
Total area
9,394 SF
Lot
0.31 ac (13,684 SF)
Zoning code
RG-5
APN
WORC M:05 B:040 L:20+52
UPID
US38-1046334
Jurisdiction
WORCESTER
Zoning & alternative use
RG-5 · Worcester, MAZoning 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
Zoning description
The purpose of the RG-5 is the promotion of residential uses and related uses
Zone name
General Residential 5000 Square Feet Minimum Lot Size
General category
RESIDENTIAL
Zone area
2,659.33 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$945,000
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
1935
Construction
FRAME
Heating
SPACE
Stories
2
Buildings
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Nercc Headquarters LLC
Entity
Mailing address
750 DORCHESTER AVE, BOSTON, MA 02125-1132
Ownership since
2018
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
Apr 18, 2018
—
Nercc Headquarters LLC
United Brotherhood Carpen
Quit Claim Deed
related
—
Dec 10, 2004
—
Earl J Turner
—
Deed Of Trust
related
$100,000 · Commonwealth National Bank
Jan 14, 2002
—
Union 107 T Carpenters
—
Deed Of Trust
related
$171,593 · Ne Region Council Car
Jun 28, 1993
—
Union 107 R Carpenters
—
Deed Of Trust
related
$336,526 · United Bro Carp & Joi
Feb 16, 1990
—
Carpenters Un 107 RT
—
Deed Of Trust
related
$475,000 · First Trade Union Savings 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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