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Property profile & analytics
OFF-MARKET
Specialty properties
31 Colton St, Worcester, MA 01610-3097
Entity Owned
7-yr Hold
Property ID
US38-2518749
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1890
Construction
FRAME
Total area
4,086 SF
Lot
0.11 ac (4,600 SF)
Zoning code
RG-5
APN
WORC M:07 B:041 L:00026
UPID
US38-2518749
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Refugee Apostolate INC · 7 yrs held
Refugee Apostolate INC
since 2019
7 recorded transactions
Zoning & alternative use
RG-5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$4,600
Tax year 2020
Assessed value
$539,300
Assessed 2024
Previous assessed
$417,700
+29.1% YoY
Effective rate
0.85%
On assessed value
Assessed land
$100,900
Assessed improvement
$438,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1890
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
3
Rooms
15
Bathrooms
3
Total area
4,086 SF
Lot
0.11 ac (4,600 SF)
Zoning code
RG-5
APN
WORC M:07 B:041 L:00026
UPID
US38-2518749
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.
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
3
Rooms
15
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Refugee Apostolate INC
Entity
Mailing address
242 CANTERBURY ST, WORCESTER, MA 01603-2839
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2019
$339,000
Refugee Apostolate INC
Singh,kulbir
Quit Claim Deed
—
Nov 29, 2007
$180,000
Kulbir Singh
Citi Res Lending INC
Deed
$135,000 · Key Home Mtg Corp
Apr 19, 2007
$290,195
Deutsche Bank Natl T Co
Torres,jorge
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 14, 2005
—
Jorge Torres
—
Deed Of Trust
related
$14,120 · New Eng Hm Improvemen
Aug 30, 2004
—
Jorge L Torres
—
Deed Of Trust
related
$47,500 · Fleet National Bank
Jul 1, 2004
$1
Jorge Torres
Soto,nelky J
Grant Deed
related
—
Jul 1, 2004
—
Nelky I Soto
—
Deed Of Trust
related
$332,500 · Ameriquest Mortgage Corp
Oct 10, 2003
—
Nelky I Soto
—
Deed Of Trust
related
$296,983 · Ameriquest Mortgage Corp
Mar 28, 2003
$264,900
Nelky I Soto
Negron,janet
Grant Deed
$225,165 · Peoples Choice Home Loan INC
Aug 8, 2002
—
Janet Negron
—
Deed Of Trust
related
$150,220 · Wells Fargo Mortgage
Oct 17, 1997
$84,500
Janet Negron
Forte,margaret J
Grant Deed
$84,714 · Imperial Home Loans
Jul 13, 1994
—
Glenn P Forte
—
Deed Of Trust
related
$22,000 · Beneficial Mortgage Co
Apr 19, 1994
$20,000
Glenn P Forte
Commerce Bk & Tr
Grant Deed
—
Feb 11, 1994
$23,000
Commerce B
Gar RT
Grant Deed
—
Jun 1, 1988
—
G A R Realty Tr
—
Deed Of Trust
related
$90,000 · Commerce Bank & Trust
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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