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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
41 Boylston St Worcester, MA 01605-1264
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0425665
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,556 SF
Lot
0.13 ac (5,745 SF)
Zoning code
BG-3
APN
WORC M:20 B:024 L:03+4A
UPID
US38-0425665
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
-
CORE Remodeling Services, Inc. Hardware & Home Improvement Kitchen & Bath Showroom
-
Beauty Works Salon & Retail Center Hair Salon Nail Salon
-
PeopleReady Employment Agency
-
PeopleReady (TrueBlue) Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$555k
Owner & transaction history
39b W Boylston RT · 24 yrs held
39b W Boylston RT
since 2001
5 recorded transactions
Zoning & alternative use
BG-3 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$610,000
+37.1%
Retail stores
$520,000
+17.2%
Commercial (general)
$455,000
+2.1%
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
OFFICE BUILDING
$445,000
Current use
AUTO REPAIR, GARAGE
$610,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$455,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$355,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$156 / 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
$12,271
Tax year 2024
Assessed value
$408,500
Assessed 2024
Previous assessed
$335,500
+21.8% YoY
Effective rate
3.00%
On assessed value
Assessed land
$142,700
Assessed improvement
$265,800
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Total area
3,556 SF
Lot
0.13 ac (5,745 SF)
Zoning code
BG-3
APN
WORC M:20 B:024 L:03+4A
UPID
US38-0425665
Jurisdiction
WORCESTER
Zoning & alternative use
BG-3 · Worcester, MA
Zoning 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
Worcester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$610,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
WAREHOUSE, STORAGE
Est. value
$355,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
39b W Boylston RT
Individual
Mailing address
120 SHREWSBURY ST, BOYLSTON, MA 01505-1710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2001
—
39b W Boylston RT
—
Deed Of Trust
related
$25,000 · Spencer Savings Bank Sla
Feb 16, 1996
—
Lube Plus Ne Redi
—
Deed Of Trust
related
$112,500 · Awane Cu
Mar 30, 1994
—
Lube Plus New Eng Redi
—
Deed Of Trust
related
$112,500 · Worc County Inst Savings
Feb 23, 1988
—
William C Brunelle
—
Deed Of Trust
related
$90,000 · Homeowners Funding Co
—
—
113-115 Elm Street Realty Trust
—
Deed Of Trust
related
$400,000 · Rollstone Bk&tr
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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