Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Retail space
3 James St Worcester, MA 01603-1011
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0481727
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,248 SF
Lot
0.38 ac (16,500 SF)
Zoning code
BL-1
APN
WORC M:28 B:004 L:03+3A
UPID
US38-0481727
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
-
The Furniture Depot Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$815k
Owner & transaction history
The Furniture Depot INC · 3 yrs held
The Furniture Depot INC
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
BL-1 · 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
$630,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $800k (Jun 29 2023)
Last sale anchor
$800k
Jun 29 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
$45 / 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
$33,278
Tax year 2024
Assessed value
$1,107,800
Assessed 2024
Previous assessed
$942,200
+17.6% YoY
Effective rate
3.00%
On assessed value
Assessed land
$256,100
Assessed improvement
$851,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Total area
18,248 SF
Lot
0.38 ac (16,500 SF)
Zoning code
BL-1
APN
WORC M:28 B:004 L:03+3A
UPID
US38-0481727
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.
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
The Furniture Depot INC
Entity
Mailing address
3 JAMES ST, WORCESTER, MA 01603-1011
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
$800,000
The Furniture Depot INC
Tenterprises INC
Quit Claim Arm's Length For Ne States
$300,000 · Trust Enterprises INC
Sep 24, 2020
—
Tenterprises INC
—
Deed
related
$250,000 · Randy S Stein
Nov 9, 2018
—
T Enterprises INC
—
Deed
related
$25,000 · Mountain River Dev
Feb 26, 2014
—
T Enterprises INC
—
Deed Of Trust
related
$25,000 · Commerce Bank & Trust
Mar 29, 2011
—
Ent INC
—
Deed Of Trust
related
$80,000 · Commerce Bank & Trust
Oct 1, 2009
—
T Enterprises INC
—
Deed Of Trust
related
$71,111 · Vincent Virga
Oct 19, 2007
—
T Enterprises INC
—
Deed Of Trust
related
$100,000 · Virga Vincent
Mar 8, 2007
—
T Ent INC
—
Deed Of Trust
related
$25,000 · Commerce Bank & Trust
Dec 30, 2004
—
T Enterprises INC
—
Deed Of Trust
related
$125,000 · Commerce Bank & Trust
Oct 20, 2004
—
T Enterprises INC
—
Deed Of Trust
related
$404,000 · Webster First FCU
May 7, 2004
—
T Ent INC
—
Deed Of Trust
related
$356,000 · Webster First FCU
Jul 25, 2003
—
T Enterprises INC
—
Deed Of Trust
related
$75,000 · Webster First FCU
Aug 11, 1999
—
Trust Enterprises INC
—
Deed Of Trust
related
$266,000 · Webster First FCU
Jun 29, 1998
—
Trust Enterprises INC
—
Deed Of Trust
related
$15,000 · Lawrence Savings Bank
Nov 13, 1997
—
Trust Enterprises INC
—
Deed Of Trust
related
$150,000 · Lawrence Savings Bank
Nov 16, 1993
$85,000
James Street RT
Baybank
Grant Deed
$75,000 · Zwi Kohorn
—
—
Tenterprises INC
—
Deed Of Trust
related
$250,000 · Randy S Stein
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3 James St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
