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Property profile & analytics
OFF-MARKET
Estimated value
$7,585,000
Specialty properties
29 Gdn St, Worcester, MA 01605
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-1601808
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
2006
Construction
STEEL FRAME
Total area
207,360 SF
Lot
1.75 ac (76,230 SF)
Zoning code
BG-6
APN
WORC M:01 B:006 L:00005
UPID
US38-1601808
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.57M
Blend (final)
Blend
$7.59M
Owner & transaction history
Worcester Polytechnic Ins · 2 yrs held
Worcester Polytechnic Ins
since 2023
Last sale
$1
5 recorded transactions
Zoning & alternative use
BG-6 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.59M
Range $6.83M – $8.34M · ±10% · vs last sale $1 (Jun 30 2023)
Last sale anchor
$1
Jun 30 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
$37 / 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
$13,616,300
Assessed 2024
Previous assessed
$12,262,400
+11.0% YoY
Assessed land
$975,200
Assessed improvement
$12,641,100
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
6
Total area
207,360 SF
Lot
1.75 ac (76,230 SF)
Zoning code
BG-6
APN
WORC M:01 B:006 L:00005
UPID
US38-1601808
Jurisdiction
WORCESTER
Zoning & alternative use
BG-6 · Worcester, MA
Zoning BG-6 · permitted uses
BG-6 · 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
2006
Construction
STEEL FRAME
Heating
SPACE
Stories
6
Buildings
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Worcester Polytechnic Ins
Individual
Free & Clear · 2 yrs held
Mailing address
100 INSTITUTE RD, WORCESTER, MA 01609-2247
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Worcester Polytechnic Ins
Washburn Park INC
Quit Claim Deed
related
—
Mar 25, 2010
$1
Washburn Park INC
New Garden Park INC
Grant Deed
—
Jan 30, 2007
—
New Garden Park INC
—
Deed Of Trust
related
$4,000,000 · Commonwealth National Bank
Jul 11, 2001
—
Gateway Park LLC
—
Deed Of Trust
related
$350,000 · Massachusetts Dev Fin'l Agency
Mar 1, 2000
$800,000
30 Prescott St LLC
180 Shrewsbury St Corp
Grant Deed
$800,000 · Zuckerman Family Nomi
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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