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Property profile & analytics
OFF-MARKET
Estimated value
$2,555,000
Super regional malls
372 Chandler St Worcester, MA 01602-3300
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0892434
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,343 SF
Lot
1 ac (43,560 SF)
Zoning code
BL-1
APN
WORC M:14 B:031 L:00011
UPID
US38-0892434
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
-
Nancy Chang Restaurant
-
William H Brunell Inc Tax Preparation
-
Susan M. Yeomans, MD Ophthalmologist
-
Eye Physicians of Marlborough Ophthalmologist
-
NutriMost New England Weight Loss Service Nutritionist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$2.56M
Owner & transaction history
372 Chandler LLC · 13 yrs held
372 Chandler LLC
since 2012
7 recorded transactions
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+35.4%
Retail stores
$3.1M
+15.7%
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
NEIGHBORHOOD: SHOPPING CENTER
$2,695,000
Current use
AUTO REPAIR, GARAGE
$3,650,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$3,120,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$2,660,000
Change: -1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,560,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,350,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.56M
Range $2.30M – $2.81M · ±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
$120 / 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
$70,561
Tax year 2024
Assessed value
$2,348,900
Assessed 2024
Previous assessed
$1,995,500
+17.7% YoY
Effective rate
3.00%
On assessed value
Assessed land
$611,300
Assessed improvement
$1,737,600
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
21,343 SF
Lot
1 ac (43,560 SF)
Zoning code
BL-1
APN
WORC M:14 B:031 L:00011
UPID
US38-0892434
Jurisdiction
WORCESTER
Zoning & alternative use
BL-1 · Worcester, MA
Zoning BL-1 · permitted uses
BL-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RETAIL STORES
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
1 ac
Current owner
From public records · entity-resolved
372 Chandler LLC
Entity
Mailing address
372 CHANDLER ST, WORCESTER, MA 01602-3300
Ownership since
2012
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
Jun 20, 2025
—
372 Chandler LLC
—
Deed
related
$3,500,000 · Berkshire Bank
Apr 27, 2020
—
372 Chandler LLC
—
Deed
related
$1,000,000 · Bay State Savings Bank
Dec 14, 2012
$1,700,000
372 Chandler LLC
372 Chandler Corp
Grant Deed
$1,190,000 · Sovereign Bank
Aug 15, 2003
—
372 Chandler St Corp
—
Deed Of Trust
related
$200,000 · Bay State Savings Bank
Sep 24, 2002
—
372 Chandler Corp
—
Deed Of Trust
related
$725,000 · Bay State Savings Bank
Oct 29, 1999
—
372 Chandler Corp
—
Deed Of Trust
related
$90,000 · Lawrence Savings Bank
Oct 24, 1996
—
372 Chandler Corp
—
Deed Of Trust
related
$750,000 · Lawrence Savings Bank
Nov 30, 1995
$118,000
372 Chandler Corp
Harvey,neil R
Grant Deed
—
Mar 23, 1995
$118,000
Neil Harvey
Wrd Rlty Corp
Grant Deed
$100,000 · Commerce Bank & Trust
Mar 5, 1990
—
Wrd Rlty Co
—
Deed Of Trust
related
$175,000 · 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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