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Property profile & analytics
OFF-MARKET
Day care centers
38 Granite St Worcester, MA 01604-5317
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-1783645
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1920
Construction
FRAME
Total area
6,913 SF
Lot
0.21 ac (8,995 SF)
Zoning code
RG-5
APN
WORC M:35 B:022 L:00019
UPID
US38-1783645
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
-
Gentle Circle Learning Center Daycare Center
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
Laila Mccarthy · 20 yrs held
Laila Mccarthy
since 2005
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
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
Tax billed
$5,470
Tax year 2024
Assessed value
$397,800
Assessed 2024
Previous assessed
$384,800
+3.4% YoY
Effective rate
1.38%
On assessed value
Assessed land
$65,100
Assessed improvement
$332,700
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
2
Total area
6,913 SF
Lot
0.21 ac (8,995 SF)
Zoning code
RG-5
APN
WORC M:35 B:022 L:00019
UPID
US38-1783645
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
1920
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Laila Mccarthy
Individual
Free & Clear · 20 yrs held
Mailing address
205 GRAFTON ST, SHREWSBURY, MA 01545-5425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2005
—
Laila Mccarthy
—
Deed Of Trust
related
$318,500 · Delta Funding
Oct 5, 2005
$1
Laila Mccarthy
Islam,laila
Grant Deed
related
—
Jun 11, 2003
—
Laila Islam
—
Deed Of Trust
related
$210,000 · Interbay Funding LLC
Feb 4, 2002
—
Laila Islam
—
Deed Of Trust
related
$25,000 · Dennis Groleau
Jan 22, 2002
$225,000
Laila Islam
Groleau,dennis
Grant Deed
$28,750 · Zenon Grzybowski
Jan 22, 2002
—
Laila Islam
—
Deed Of Trust
related
$146,250 · Interbay Funding LLC
May 9, 2001
—
Suong V Tran
—
Deed Of Trust
related
$122,133 · United Airlines FCU
Jan 18, 2000
—
Dennis L Groleau
—
Deed Of Trust
related
$125,000 · Bancnorth Mortgage Co
Oct 16, 1997
—
Dennis L Groleau
—
Deed Of Trust
related
$110,000 · Bancnorth Mortgage Co
Mar 17, 1997
$90,000
Dennis Groleau
Markarian,shirley
Grant Deed
$90,000 · Zenon Grzybowski
May 13, 1991
$82,000
Tidbit RT
Gould Enterprises
Grant Deed
—
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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