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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Specialty properties
316 Lincoln St, Worcester, MA 01605-3634
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1497311
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1985
Construction
FRAME
Total area
4,899 SF
Lot
0.32 ac (13,735 SF)
Zoning code
RS-7
APN
WORC M:22 B:033 L:00002
UPID
US38-1497311
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
-
Sisters of Assumption Church Mosque
-
Lift Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$419k
Blend (final)
Blend
$605k
Owner & transaction history
Carol Elkurdi · 2 yrs held
Carol Elkurdi
since 2024
Last sale
$605,000
2 recorded transactions
Zoning & alternative use
RS-7 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$835,000
+68.2%
Retail stores
$715,000
+43.7%
Commercial (general)
$625,000
+25.3%
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
$605,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$500,000
Current use
AUTO REPAIR, GARAGE
$835,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$610,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$490,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $605k (Jan 9 2024)
Last sale anchor
$605k
Jan 9 2024
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
$123 / 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
$665,500
Assessed 2024
Previous assessed
$566,500
+17.5% YoY
Assessed land
$222,200
Assessed improvement
$443,300
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
1985
Construction
FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
3
Total area
4,899 SF
Lot
0.32 ac (13,735 SF)
Zoning code
RS-7
APN
WORC M:22 B:033 L:00002
UPID
US38-1497311
Jurisdiction
WORCESTER
Zoning & alternative use
RS-7 · Worcester, MA
Zoning RS-7 · permitted uses
RS-7 · 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.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$835,000
RETAIL STORES
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$620,000
OFFICE BUILDING
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$490,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1985
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
3
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Carol Elkurdi
Individual
Mailing address
316 LINCOLN ST, WORCESTER, MA 01605-3634
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
$605,000
Carol Elkurdi
Living In Freedom Togethe
Quit Claim Arm's Length For Ne States
$574,750 · Pennymac Loan Services LLC
Jun 28, 2021
$550,000
Freedom Together Lift INC
Blessed Virgin USA INC
Quit Claim Arm's Length For Ne States
$385,000 · Webster Five Cents 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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