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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Office buildings
338 Plantation St Worcester, MA 01604-1696
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-2308080
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,994 SF
Lot
2.1 ac (91,476 SF)
Zoning code
ML10
APN
WORC M:17 B:026 L:09-13
UPID
US38-2308080
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
-
Children's Dental Specialties Dental Office
-
MAS Home Care Crisis Center Medical Clinic
-
MAS Medical Staffing Home Health Care Service
-
Chitre Nandini MD Physician
-
Premier Ultrasound Services Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$2.05M
Owner & transaction history
Criterion Child Enrichmen · 1 yrs held
Criterion Child Enrichmen
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
ML10 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+66.8%
Auto repair, garage
$1.5M
+37.1%
Retail stores
$1.3M
+17.2%
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
$2,050,000
ML approach
$2,050,000
CAP Approach
CAP Return
Estimation
6%
$2,655,000
6.5%
$2,450,000
7%
$2,275,000
Alternative Use
Use
Estimation
RESTAURANT
$1,870,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,535,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,315,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.05M (Sep 4 2024)
Last sale anchor
$2.05M
Sep 4 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
$228 / 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
$46,568
Tax year 2024
Assessed value
$1,550,200
Assessed 2024
Previous assessed
$1,550,200
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$504,400
Assessed improvement
$1,045,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Units
3
Rooms
15
Bathrooms
3
Total area
8,994 SF
Lot
2.1 ac (91,476 SF)
Zoning code
ML10
APN
WORC M:17 B:026 L:09-13
UPID
US38-2308080
Jurisdiction
WORCESTER
Zoning & alternative use
ML10 · Worcester, MA
Zoning ML10 · permitted uses
ML10 · 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
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Units
3
Rooms
15
Bathrooms
3
Lot
2.1 ac
Current owner
From public records · entity-resolved
Criterion Child Enrichmen
Individual
Mailing address
338 PLANTATION ST STE #16, WORCESTER, MA 01604-1696
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$2,050,000
Criterion Child Enrichmen
Schooner Cove Realty INC
Quit Claim Arm's Length For Ne States
$1,537,500 · Td Bank NA
Sep 4, 2024
—
Schooner Cove Realty LLC
Northborough Rlty Hldg Ll
Correction Deed
related
—
Aug 9, 2024
—
Schooner Cove Realty INC
Northborough Rlty Hldg Ll
Quit Claim Deed
related
—
May 25, 2007
$1
Northborough Rlty Hol LLC
Rlty Exchange Assoc LLC
Grant Deed
—
May 25, 2007
—
Northborough Rlty Hol LLC
—
Deed Of Trust
related
$1,375,000 · Banknorth NA
Mar 29, 2007
$1,870,000
Northborough Rlty Hol LLC
Plantation Mountain LLC
Grant Deed
$1,182,293 · Northborough Rlty LLC
Jan 18, 2001
—
Plantation Mountain
—
Deed Of Trust
related
$350,000 · Flagship Bank & Trust
Oct 21, 1999
$210,000
Plantation Mountain
Goodman Constr
Grant Deed
$79,900 · Flagship Bank & Trust
May 22, 1995
—
Goodman Construction
—
Deed Of Trust
related
$240,000 · Shawmut Bank Of Boston
Mar 30, 1995
$350,000
Goodman Construction
Goodman,robert
Grant Deed
related
—
Oct 12, 1989
$350,000
Robert Goodman
Girouard,jaems
Grant Deed
$300,000 · Shawmut Worc Cnty Bk
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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