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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Investment properties
426 Main St Worcester, MA 01608-1707
Entity Owned
7-yr Hold
Property ID
US38-1017158
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,435 SF
Lot
0.07 ac (3,040 SF)
Zoning code
BG-6
APN
WORC M:03 B:031 L:00010
UPID
US38-1017158
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
-
Pellegrini, Seeley, Ryan & Blakesley, P.C. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$1.72M
Owner & transaction history
426 Main Worcester LLC · 7 yrs held
426 Main Worcester LLC
since 2019
7 recorded transactions
Zoning & alternative use
BG-6 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+55.4%
Retail stores
$2.3M
+32.8%
Neighborhood: shopping center
$2.0M
+14.8%
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
COMMERCIAL (GENERAL)
$1,700,000
Current use
AUTO REPAIR, GARAGE
$2,640,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$2,255,000
Change: +33% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,950,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,925,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,850,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,550,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$111 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$30,809
Tax year 2017
Assessed value
$1,881,700
Assessed 2024
Previous assessed
$1,742,200
+8.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$87,700
Assessed improvement
$1,794,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
5
Total area
15,435 SF
Lot
0.07 ac (3,040 SF)
Zoning code
BG-6
APN
WORC M:03 B:031 L:00010
UPID
US38-1017158
Jurisdiction
WORCESTER
Zoning & alternative use
BG-6 · Worcester, MA
Zoning BG-6 · permitted uses
BG-6 · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
426 Main Worcester LLC
Entity
Mailing address
200 RESERVOIR ST STE #202, NEEDHAM, MA 02494-3146
Ownership since
2019
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
Jun 13, 2022
—
426 Main Worcester LLC
—
Deed
related
$2,475,000 · Hingham Institution For Savings
May 6, 2019
—
426 Main Worcester LLC
—
Deed
related
$2,144,000 · Unibank For Savings
Jan 11, 2019
$1,050,000
426 Main Worcester LLC
5-7 Pleasant Street LLC
Quit Claim Deed
—
Jan 22, 2016
$550,000
5-7 Pleasant Street Ll
426 Main Street Rlty L
Quit Claim Deed
related
$700,000 · Hometown Bank NA
May 27, 2011
—
426 Main Street Realty
—
Deed Of Trust
related
$682,375 · Mark Winiker
Oct 6, 2009
—
426 Main Street Rlty LLC
—
Deed Of Trust
related
$160,000 · Perry Boudreau
Jul 16, 2004
—
426 Main Street Rlty LLC
—
Deed Of Trust
related
$225,000 · Mark Winiker
Jul 15, 2004
$725,000
426 Main Street Rlty LLC
426 Main Street RT
Grant Deed
related
$225,000 · Mark M Winiker
Nov 8, 1999
—
426 Main St. RT
—
Deed Of Trust
related
$368,000 · Brookline Savings Bank
Jul 6, 1999
$460,000
Mark M Winiker
Chb Rlty Corp
Grant Deed
$368,000 · Atlantic Bank & Trust Co
Jun 30, 1999
$100,000
Chb Rlty Corp
Choen,eli
Grant Deed
—
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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