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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
34 Cedar St Worcester, MA 01609-2560
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-1427516
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,292 SF
Lot
0.17 ac (7,341 SF)
Zoning code
BO-1
APN
WORC M:02 B:039 L:00040
UPID
US38-1427516
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
-
P L Jones & Associates PC Accounting Firm
-
Lori Belton LMT/Reiki Master Alternative Medicine Practice Spa & Massage Center
-
Boynton Joe Law Firm
-
Work Opportunities Unlimited Employment Agency
-
Thomas E Ackerman II - Aflac Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$565k
Owner & transaction history
34 Cedar Street LLC · 2 yrs held
34 Cedar Street LLC
since 2024
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
BO-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
$565,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$830,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $565k (Apr 12 2024)
Last sale anchor
$565k
Apr 12 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
$68 / 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
$13,981
Tax year 2024
Assessed value
$465,400
Assessed 2024
Previous assessed
$465,400
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$106,500
Assessed improvement
$358,900
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
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Total area
8,292 SF
Lot
0.17 ac (7,341 SF)
Zoning code
BO-1
APN
WORC M:02 B:039 L:00040
UPID
US38-1427516
Jurisdiction
WORCESTER
Zoning & alternative use
BO-1 · Worcester, MA
Zoning BO-1 · permitted uses
BO-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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$830,000
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
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
34 Cedar Street LLC
Entity
Free & Clear · 2 yrs held
Mailing address
44 SCHOOL STSTE5, BOSTON, MA 02108-4201
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
—
34 Cedar Street LLC
Landrum Global INC
Quit Claim Deed
related
—
Jun 5, 2017
$565,000
Landrum Global INC
Pkj Ents INC
Quit Claim Deed
$423,750 · South End Cap
Oct 23, 2012
$1
Terri&jim LLC
Pkj Ent INC
Grant Deed
related
—
Mar 13, 2006
—
Pkj Ent INC
—
Deed Of Trust
related
$150,000 · Bay State Savings Bank
Oct 1, 2004
—
Jca Ent INC
—
Deed Of Trust
related
$50,000 · Bay State Savings Bank
Apr 1, 2002
—
Pkj Entprises INC
—
Deed Of Trust
related
$249,000 · Webster Five Cents Sav Bank
Jul 3, 1998
—
Jca Enterprises INC
—
Deed Of Trust
related
$255,000 · Bankboston Development Co LLC
Jan 25, 1996
$225,000
Jca Enterprises INC
Mri A Corp
Grant Deed
$249,000 · Tms Mortgage
Jan 12, 1996
$150,000
Mri A Corp
Heald,stephen W
Grant Deed
—
Aug 13, 1987
$65,000
Stephen W Heald
Heald,stephen W
Grant Deed
related
$400,000 · Guaranty 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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