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Property profile & analytics
OFF-MARKET
Office buildings
381 Park Ave Worcester, MA 01610-1026
Entity Owned
14-yr Hold
Free & Clear
Property ID
US38-2368287
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
FRAME
Total area
2,880 SF
Lot
0.14 ac (6,050 SF)
Zoning code
BG-3
APN
WORC M:06 B:022 L:00002
UPID
US38-2368287
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
-
Eastern And Western Medical Center Alternative Medicine Practice Acupuncture
-
Massachusetts Orthopedic Center Physician
-
Injuries Treatment Center Medical Clinic
-
Finally, Acupuncture Proven To Reduce Pain Medical Clinic Alternative Medicine Practice
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
Jadranka Perl LLC · 14 yrs held
Jadranka Perl LLC
since 2011
6 recorded transactions
Zoning & alternative use
BG-3 · 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
Tax billed
$11,647
Tax year 2024
Assessed value
$387,700
Assessed 2024
Previous assessed
$354,100
+9.5% YoY
Effective rate
3.00%
On assessed value
Assessed land
$147,700
Assessed improvement
$240,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1935
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
2,880 SF
Lot
0.14 ac (6,050 SF)
Zoning code
BG-3
APN
WORC M:06 B:022 L:00002
UPID
US38-2368287
Jurisdiction
WORCESTER
Zoning & alternative use
BG-3 · Worcester, MAZoning BG-3 · permitted uses
BG-3 · Worcester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1935
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Jadranka Perl LLC
Entity
Free & Clear · 14 yrs held
Mailing address
216 W QUASSET RD, WOODSTOCK, CT 06281-3234
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2011
$247,000
Jadranka Perl LLC
Szczurko,david L
Grant Deed
—
Jun 15, 2006
—
David Szczurko
—
Deed Of Trust
related
$155,000 · Gardner Francoamer Cu
May 16, 2003
—
David L Szczurko
—
Deed Of Trust
related
$160,000 · Community National Bank
Mar 13, 2003
$205,000
Maureen Szczurko
Wild Irish Rose RT
Grant Deed
—
Apr 23, 1999
$115,000
Wild Irish Rose RT
Houston,benjamin F
Grant Deed
$120,000 · Webster Five Cents Sav Bank
Mar 27, 1989
—
Benjamin F Houston
—
Deed Of Trust
related
$95,000 · Worc County Inst Savings
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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