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Property profile & analytics
OFF-MARKET
Investment properties
348 Shrewsbury St Worcester, MA 01604-4616
Individually Owned
2-yr Hold
Property ID
US38-1504226
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,872 SF
Lot
0.09 ac (3,888 SF)
Zoning code
ML10
APN
WORC M:16 B:022 L:00001
UPID
US38-1504226
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
-
Bello Opticians Ophthalmologist (Bike/Boat/Book/etc) Store
-
Bello Opticians: Giovannucci Vincent OD Physician
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
348 Shrewsbury Street Nt · 2 yrs held
348 Shrewsbury Street Nt
since 2024
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
ML10 · 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 2024Property tax & assessments
Tax year 2024
Assessed value
$408,100
Assessed 2024
Previous assessed
$362,900
+12.5% YoY
Assessed land
$104,500
Assessed improvement
$303,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
2
Units
3
Total area
2,872 SF
Lot
0.09 ac (3,888 SF)
Zoning code
ML10
APN
WORC M:16 B:022 L:00001
UPID
US38-1504226
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.
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
1
Units
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
348 Shrewsbury Street Nt
Individual
Mailing address
4 IDEAL TER, WORCESTER, MA 01604-1412
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
—
348 Shrewsbury Street Nt
Nicholas Bello
Quit Claim Deed
related
—
Jan 25, 2001
$300,000
Nicholas Bello
Corapi,antonio
Grant Deed
$225,000 · Flagship Bank & Trust
May 12, 1997
—
Antonio Corapi
—
Deed Of Trust
related
$60,000 · Commerce Bank & Trust
Jul 10, 1996
$102,500
Antonio Corapi
Sbrogna,william A
Grant Deed
—
Aug 11, 1995
—
William A Sbrogna
—
Deed Of Trust
related
$75,000 · Unibank For Savings
Mar 10, 1993
—
William A Sbrogna
—
Deed Of Trust
related
$100,000 · Flagship Bank & Trust
Nov 2, 1990
—
William A Sbrogna
—
Deed Of Trust
related
$30,000 · Bank Of New England
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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