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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Parking lots & garages
3 Lyon St Worcester, MA 01604
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0944300
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1875
Total area
1,040 SF
Lot
0.1 ac (4,506 SF)
Zoning code
BG-2
APN
WORC M:16 B:034 L:00034
UPID
US38-0944300
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
$1.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Vesta Callegos Corp · 4 yrs held
Vesta Callegos Corp
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
BG-2 · 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
$1,255,000
ML approach
$1,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.53M (Jun 14 2022)
Last sale anchor
$1.53M
Jun 14 2022
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
$1,327 / 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
$2,508
Tax year 2024
Assessed value
$83,500
Assessed 2024
Previous assessed
$83,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$76,300
Assessed improvement
$7,200
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1875
Heating
NONE
Buildings
1
Stories
3
Rooms
15
Bathrooms
3
Total area
1,040 SF
Lot
0.1 ac (4,506 SF)
Zoning code
BG-2
APN
WORC M:16 B:034 L:00034
UPID
US38-0944300
Jurisdiction
WORCESTER
Zoning & alternative use
BG-2 · Worcester, MA
Zoning BG-2 · permitted uses
BG-2 · 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
1875
Heating
NONE
Stories
3
Buildings
1
Rooms
15
Bathrooms
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Vesta Callegos Corp
Entity
Mailing address
179 SHREWSBURY ST, WORCESTER, MA 01604-4617
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
$1,530,800
Vesta Callegos Corp
Shrewsbury St General Inv
Quit Claim Arm's Length For Ne States
$2,451,860 · Lm Capital LLC
Dec 31, 2007
—
Shrewsbury St General LLC
—
Deed Of Trust
related
$100,000 · Marlborough Savings Bank
Sep 19, 2007
—
Shrewsbury St General LLC
—
Deed Of Trust
related
$1,600,000 · Marlborough Savings Bank
Aug 17, 2005
$93,120
Shrewsbury St General
Arthur Manzi&son Funer
Deed
$900,000 · Framingham Cp Bk
Jan 12, 1998
$80,000
Arthur Manzi Funeral
Giuliano,mary A
Grant Deed
—
Oct 2, 1991
$36,000
Mary A Giuliano
Desimone,john
Grant Deed
$36,000 · Worc County Inst Savings
Jul 7, 1989
$45,000
John Desimone
Desimone,carlo
Grant Deed
related
$45,000 · Zenon Grzybowski
Dec 27, 1988
$40,000
F J Giuliano
Giuliano,mary
Grant Deed
related
—
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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