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Property profile & analytics
OFF-MARKET
Estimated value
$3,830,000
Manufacturing properties
35 New St Worcester, MA 01605-3324
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-1262890
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
136,634 SF
Lot
11.53 ac (502,246 SF)
Zoning code
RG-5
APN
WORC M:09 B:035 L:00001
UPID
US38-1262890
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
-
Worcester Chrome Furniture Furniture & Home Goods Home Decor Store
-
Worcester Manufacturing, Inc Metal Fabrication Plant Factory
-
Special Event Rentals LLC Party Supply Store Rental Equipment Company
-
Scholar Craft Business To Business Service
-
Independent Plating Factory Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$3.83M
Owner & transaction history
Worcester New Street LLC · 10 yrs held
Worcester New Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
RG-5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the RG-5 is the promotion of residential uses and related uses
Zone name
General Residential 5000 Square Feet Minimum Lot Size
General category
RESIDENTIAL
Zone area
2,659.33 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±10%
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
$28 / 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
$133,188
Tax year 2024
Assessed value
$4,433,700
Assessed 2024
Previous assessed
$3,694,800
+20.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$524,600
Assessed improvement
$3,909,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
1
Total area
136,634 SF
Lot
11.53 ac (502,246 SF)
Zoning code
RG-5
APN
WORC M:09 B:035 L:00001
UPID
US38-1262890
Jurisdiction
WORCESTER
Zoning & alternative use
RG-5 · Worcester, MAZoning 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
Zoning description
The purpose of the RG-5 is the promotion of residential uses and related uses
Zone name
General Residential 5000 Square Feet Minimum Lot Size
General category
RESIDENTIAL
Zone area
2,659.33 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Buildings
1
Lot
11.53 ac
Current owner
From public records · entity-resolved
Worcester New Street LLC
Entity
Mailing address
35 NEW ST, WORCESTER, MA 01605-3324
Ownership since
2015
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
Oct 29, 2015
$2,300,000
Worcester New Street LLC
35 New Street LLC
Quit Claim Arm's Length For Ne States
$2,000,000 · Commerce Bank & Trust Co
Jun 14, 2012
—
35 New Street LLC
—
Deed Of Trust
related
$350,000 · Commerce Bank & Trust
Dec 3, 2010
$1
35 New St LLC
Flanagan,charles D
Grant Deed
—
Aug 3, 2006
$120,000
Pearson,benjamin E Tr
Flanagan,charles D
Grant Deed
—
Apr 26, 2006
—
Charles D Flanagan
—
Deed Of Trust
related
$1,260,000 · Commerce Bank & Trust
Sep 19, 2002
—
Charles D Flanagan
—
Deed Of Trust
related
$1,400,000 · First International Bank
Aug 15, 2001
—
Charles D Flanagan
—
Deed Of Trust
related
$400,000 · First International Bank
May 14, 1998
—
Charles D Flanagan
—
Deed Of Trust
related
$1,500,000 · First National Bank New Englnd
Dec 28, 1992
—
Charles D Flanagan
—
Deed Of Trust
related
$2,714,526 · Federal Deposit INC Corp
Jul 29, 1991
—
Charles D Flanagan
—
Deed Of Trust
related
$400,000 · Ma Business Development Corp
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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