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Property profile & analytics
OFF-MARKET
Estimated value
$9,695,000
Specialty properties
365 Plantation St, Worcester, MA 01605-2397
Individually Owned
13-yr Hold
Free & Clear
Property ID
US38-1248967
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1986
Construction
STEEL FRAME
Total area
73,968 SF
Lot
5.37 ac (233,917 SF)
Zoning code
ML-.5
APN
WORC M:57 B:04A L:00005
UPID
US38-1248967
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
-
UMass Young Adult Suboxone Study Medical Clinic
-
Biotech Health Inc. Insurance Agency
-
Jean A. Frazier, MD Physician Medical Clinic
-
Fan Xiaoduo MD Physician
-
UMass Memorial Health Care - System Administrative Offices Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.94M
Blend (final)
Blend
$9.70M
Owner & transaction history
Wcs 365-373 Plantation St. · 13 yrs held
Wcs 365-373 Plantation St.
since 2013
1 recorded transaction
Zoning & alternative use
ML-.5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.4M
+104.6%
Auto repair, garage
$12.6M
+68.2%
Retail stores
$10.8M
+43.7%
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
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$7,520,000
Current use
RESTAURANT
$15,385,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,645,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$10,805,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,420,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,335,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$9,225,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,875,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$9.70M
Range $8.73M – $10.66M · ±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
$131 / 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
$17,439,300
Assessed 2024
Previous assessed
$16,048,800
+8.7% YoY
Assessed land
$2,188,800
Assessed improvement
$15,250,500
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Total area
73,968 SF
Lot
5.37 ac (233,917 SF)
Zoning code
ML-.5
APN
WORC M:57 B:04A L:00005
UPID
US38-1248967
Jurisdiction
WORCESTER
Zoning & alternative use
ML-.5 · Worcester, MA
Zoning ML-.5 · permitted uses
ML-.5 · 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
$7.5M
RESTAURANT
Est. value
$15.4M
AUTO REPAIR, GARAGE
Est. value
$12.6M
RETAIL STORES
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.3M
OFFICE BUILDING
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Lot
5.37 ac
Current owner
From public records · entity-resolved
Wcs 365-373 Plantation St.
Individual
Free & Clear · 13 yrs held
Mailing address
365 PLANTATION ST, WORCESTER, MA 01605-2397
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2013
—
Wcs 365-373 Plantation St.
Worcester Campus Corp
Quit Claim Deed
related
—
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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