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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
48 Coral St Worcester, MA 01604-6141
Entity Owned
2-yr Hold
Property ID
US38-0155839
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1870
Construction
FRAME
Total area
5,012 SF
Lot
0.11 ac (4,701 SF)
Zoning code
RG-5
APN
WORC M:04 B:026 L:00006
UPID
US38-0155839
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$540k
Owner & transaction history
48 Coral LLC · 2 yrs held
48 Coral LLC
since 2024
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
RG-5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+54.2%
Retail stores
$730,000
+31.8%
Neighborhood: shopping center
$635,000
+13.9%
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
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$600,000
Change: +8% · Conversion: Moderate
WAREHOUSE, STORAGE
$505,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $540k (Jun 7 2024)
Last sale anchor
$540k
Jun 7 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
$108 / 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
Assessed value
$380,100
Assessed 2024
Previous assessed
$348,300
+9.1% YoY
Assessed land
$60,900
Assessed improvement
$319,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1870
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
3
Units
1
Rooms
4
Bathrooms
3
Total area
5,012 SF
Lot
0.11 ac (4,701 SF)
Zoning code
RG-5
APN
WORC M:04 B:026 L:00006
UPID
US38-0155839
Jurisdiction
WORCESTER
Zoning & alternative use
RG-5 · Worcester, MA
Zoning RG-5 · permitted uses
RG-5 · 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
$555,000
AUTO REPAIR, GARAGE
Est. value
$855,000
RETAIL STORES
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
OFFICE BUILDING
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$600,000
WAREHOUSE, STORAGE
Est. value
$505,000
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
1870
Construction
FRAME
Heating
ELECTRIC
Stories
3
Buildings
1
Units
1
Rooms
4
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
48 Coral LLC
Entity
Mailing address
710 SUMMER ST APT 1A, LYNN, MA 01905-2180
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
48 Coral LLC
—
Deed
related
$692,000 · Rcn Capital LLC
Jun 7, 2024
$540,000
48 Coral LLC
Glade T Dennis
Quit Claim Arm's Length For Ne States
$665,000 · Housemax Funding LLC
May 18, 2022
—
Glade T Dennis
—
Deed
related
$110,000 · Unibank For Savings
Aug 28, 2020
$375,500
Glade T Dennis
Martha G Dennis
Quit Claim Arm's Length For Ne States
related
$281,625 · Fairway Independent Mortgage Corp
Nov 24, 2006
—
Martha G Dennis
—
Deed Of Trust
related
$272,000 · H & R Block Mortgage Co LLC
Jan 18, 2005
—
Martha G Dennis
—
Deed Of Trust
related
$210,000 · Option One Mortgage Corp
May 14, 2004
—
Martha G Dennis
—
Deed Of Trust
related
$12,000 · Household Finance Corp
Aug 26, 2003
—
Martha G Dennis
—
Deed Of Trust
related
$169,505 · Mortgage Trust Group INC
Feb 6, 2002
—
Martha G Dennis
—
Deed Of Trust
related
$8,000 · Digital FCU
May 17, 2001
$139,900
Martha G Dennis
Rivera,luz M
Grant Deed
$111,900 · First Franklin Financial Corp
May 17, 2001
—
Martha G Dennis
—
Deed Of Trust
related
$20,950 · First Franklin Financial Corp
Feb 24, 1995
$75,000
Luz Rivera
Holbrook,delene C
Grant Deed
$60,000 · Shawmut Mtg Co
Jan 4, 1989
—
Delene C Holbrook
—
Deed Of Trust
related
$90,000 · Worc County Inst Savings
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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