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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Office buildings
411 Chandler St Worcester, MA 01602-3339
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-1453746
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,553 SF
Lot
1.3 ac (56,628 SF)
Zoning code
BL-1
APN
WORC M:11 B:034 L:00006
UPID
US38-1453746
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
-
Arbour Counseling Services, Worcester Counselor
-
Christina Boulet Physician
-
Aubrey Kirchoff Counselor Nurse Practitioner
-
Shivani Patel Physician
-
Stephanie Laventure Counselor Therapists
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.51M
Owner & transaction history
411 Chandler LLC · 18 yrs held
411 Chandler LLC
since 2007
7 recorded transactions
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+66.8%
Auto repair, garage
$3.0M
+37.1%
Retail stores
$2.6M
+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
$2,190,000
Current use
RESTAURANT
$3,650,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,000,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$2,565,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,215,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,105,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,930,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,760,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±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
$66,142
Tax year 2024
Assessed value
$2,201,800
Assessed 2024
Previous assessed
$2,278,100
-3.3% YoY
Effective rate
3.00%
On assessed value
Assessed land
$742,900
Assessed improvement
$1,458,900
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Units
1
Total area
17,553 SF
Lot
1.3 ac (56,628 SF)
Zoning code
BL-1
APN
WORC M:11 B:034 L:00006
UPID
US38-1453746
Jurisdiction
WORCESTER
Zoning & alternative use
BL-1 · Worcester, MA
Zoning BL-1 · permitted uses
BL-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
$2.2M
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Units
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
411 Chandler LLC
Entity
Mailing address
PO BOX 66, MILLBURY, MA 01527-0066
Ownership since
2007
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
Aug 8, 2007
$2,450,000
411 Chandler LLC
Hershman Ft
Grant Deed
$1,100,000 · Commerce Bank & Trust
Aug 8, 2007
—
411 Chandler LLC
—
Deed Of Trust
related
$1,100,000 · Commerce Bank & Trust
Jul 21, 2005
—
Ft Hershman
—
Deed Of Trust
related
$750,000 · Country Bank
Sep 8, 2004
—
Ft Hershman
—
Deed Of Trust
related
$500,000 · Hudson Savings Bank
Nov 15, 2002
—
Ft Hershman
—
Deed Of Trust
related
$300,000 · Hudson Savings Bank
Jul 11, 2001
—
Ft Hershman
—
Deed Of Trust
related
$700,000 · Country Bank
Mar 17, 2000
—
Ft Hershman
—
Deed Of Trust
related
$125,000 · Hudson Savings Bank
Sep 30, 1999
—
Murray Hershman
—
Deed Of Trust
related
$605,000 · Commerce Bank & Trust
Dec 10, 1997
—
Ft Hershman
—
Deed Of Trust
related
$395,000 · Commerce Bank & Trust
Mar 3, 1995
—
Ft Hershman
—
Deed Of Trust
related
$400,000 · Harry Hershman Ft
Jan 3, 1995
$380,000
Ft Hershman
Hrs Trust No 14
Grant Deed
$379,500 · Zenon Grzybowski
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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