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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Office buildings
41 Elm St Worcester, MA 01609-2573
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US38-0322027
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
FRAME
Total area
7,787 SF
Lot
0.64 ac (27,837 SF)
Zoning code
BO-1
APN
WORC M:03 B:033 L:00003
UPID
US38-0322027
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
-
Stolberg Ebbeling & Blanchette Llp Accounting Firm Tax Preparation
-
Francis A Ford PC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.12M
Owner & transaction history
41 Elm Street Rlty LLC · 15 yrs held
41 Elm Street Rlty LLC
since 2011
4 recorded transactions
Zoning & alternative use
BO-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+66.8%
Auto repair, garage
$1.3M
+37.1%
Retail stores
$1.1M
+17.2%
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
$970,000
Current use
RESTAURANT
$1,620,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,330,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$985,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$780,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$143 / 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
$26,907
Tax year 2024
Assessed value
$895,700
Assessed 2024
Previous assessed
$895,700
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$419,500
Assessed improvement
$476,200
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
1920
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
3
Units
1
Total area
7,787 SF
Lot
0.64 ac (27,837 SF)
Zoning code
BO-1
APN
WORC M:03 B:033 L:00003
UPID
US38-0322027
Jurisdiction
WORCESTER
Zoning & alternative use
BO-1 · Worcester, MA
Zoning BO-1 · permitted uses
BO-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
OFFICE BUILDING Current
Est. value
$970,000
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$945,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
WAREHOUSE, STORAGE
Est. value
$780,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1920
Construction
FRAME
Heating
ELECTRIC
Stories
3
Buildings
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
41 Elm Street Rlty LLC
Entity
Mailing address
41 ELM ST, WORCESTER, MA 01609-2573
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2011
$630,000
41 Elm Street Rlty LLC
Ford,francis A
Grant Deed
$440,000 · Fitchburg Savings Bank
Mar 30, 2011
—
41 Elm Street Rlty LLC
—
Deed Of Trust
related
$352,000 · Fitchburg Savings Bank
May 31, 1996
—
Francis A Ford
—
Deed Of Trust
related
$105,000 · Metrowest Bank
Feb 10, 1993
—
Paul V Shannon
—
Deed Of Trust
related
$580,000 · Peoples Bank Worcester
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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