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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Warehouses
40 Pullman St, Worcester, MA 01606-3311
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1871086
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
86,227 SF
Lot
1.94 ac (84,506 SF)
Zoning code
MG-.5
APN
WORC M:23 B:01A L:0001E
UPID
US38-1871086
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
-
Sun Transportation Inc Trucking Company
-
10x Self Storage Storage Facility
-
USEXPORTMED Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Isaiah 40 31 LLC · 3 yrs held
Isaiah 40 31 LLC
since 2022
7 recorded transactions
Zoning & alternative use
MG-.5 · 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
$35 / 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
$92,082
Tax year 2024
Assessed value
$3,065,300
Assessed 2024
Previous assessed
$3,226,500
-5.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$279,000
Assessed improvement
$2,786,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Total area
86,227 SF
Lot
1.94 ac (84,506 SF)
Zoning code
MG-.5
APN
WORC M:23 B:01A L:0001E
UPID
US38-1871086
Jurisdiction
WORCESTER
Zoning & alternative use
MG-.5 · Worcester, MA
Zoning MG-.5 · permitted uses
MG-.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.
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Isaiah 40 31 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
336 BAKER AVE, CONCORD, MA 01742-2100
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Isaiah 40 31 LLC
—
Deed
related
$8,000,000 · Main Street Bank (ma)
Nov 18, 2022
—
Isaiah 40 31 LLC
40 Pullan Street RT
Quit Claim Deed
related
—
Dec 20, 2019
—
40 Pullman Street RT
—
Deed
related
$5,389,140 · Main Street Bank (ma)
Nov 8, 2019
—
Jgs 40 Pullman LLC
N Self Storage Worcester
Quit Claim Deed
related
—
Aug 12, 2019
$1,050,000
Worcester N Self Storage
5l Warehouse LLC
Quit Claim Deed
—
Dec 27, 2016
$300,000
5 L Warehouse LLC
Cne INC
Quit Claim Deed
—
Dec 30, 2002
—
Mnl Cjl LLC
—
Deed Of Trust
related
$200,000 · Commerce Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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