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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Office buildings
47 Harvard St Worcester, MA 01609-2840
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-2329303
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
FRAME
Total area
6,860 SF
Lot
0.23 ac (9,912 SF)
Zoning code
BO-1
APN
WORC M:02 B:030 L:00029
UPID
US38-2329303
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
-
Farrell Law, P.C. Law Firm
-
Adam D. Schmaelzle, Attorney At Law Law Firm
-
Packard Law Office Law Firm
-
Vincent F. Ricciardi Jr Law Firm
-
LAW OFFICE OF LINDSAY N STEWART Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$810k
Owner & transaction history
47 Harvard Tllc · 1 yrs held
47 Harvard Tllc
since 2025
Last sale
$840,000
4 recorded transactions
Zoning & alternative use
BO-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+37.1%
Retail stores
$1.0M
+17.2%
Neighborhood: shopping center
$865,000
+1.2%
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
$855,000
Current use
AUTO REPAIR, GARAGE
$1,175,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$835,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$825,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$690,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $840k (Oct 22 2024)
Last sale anchor
$840k
Oct 22 2024
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
$118 / 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
$21,467
Tax year 2024
Assessed value
$714,600
Assessed 2024
Previous assessed
$699,600
+2.1% YoY
Effective rate
3.00%
On assessed value
Assessed land
$388,100
Assessed improvement
$326,500
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
1900
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
3
Total area
6,860 SF
Lot
0.23 ac (9,912 SF)
Zoning code
BO-1
APN
WORC M:02 B:030 L:00029
UPID
US38-2329303
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
$855,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$835,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$690,000
OFFICE BUILDING Current
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
1900
Construction
FRAME
Heating
SPACE
Stories
3
Buildings
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
47 Harvard Tllc
Individual
Mailing address
47 HARVARD ST, WORCESTER, MA 01609-2840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 22, 2025
$840,000
47 Harvard Tllc
4711aj LLC
Deed
$575,000 · Boston Trust Loans LLC
Mar 13, 2017
$625,000
4711 Aj LLC
Bluefin Trust
Quit Claim Deed
$370,000 · Homefield Cu
Apr 2, 2010
—
Glickman,james Tr
—
Deed Of Trust
related
$290,000 · Fidelity Cp Bank
Jun 1, 2006
$525,000
Bluefin RT
Jems Of Ne INC
Deed
$310,000 · Flagship Bk Tr Co
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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