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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Commercial land
5 Madison St, Worcester, MA 01608-2002
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-1445830
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.56 ac (24,465 SF)
Zoning code
BG-3
APN
WORC M:03 B:009 L:00002
UPID
US38-1445830
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
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Smc Residences On Madison · 2 yrs held
Smc Residences On Madison
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
BG-3 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,100,000
ML approach
$2,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±10% · vs last sale $3.00M (Aug 15 2023)
Last sale anchor
$3.00M
Aug 15 2023
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
—
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
$11,508
Tax year 2024
Assessed value
$383,100
Assessed 2024
Previous assessed
$254,800
+50.4% YoY
Effective rate
3.00%
On assessed value
Assessed land
$365,900
Assessed improvement
$17,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.56 ac (24,465 SF)
Zoning code
BG-3
APN
WORC M:03 B:009 L:00002
UPID
US38-1445830
Jurisdiction
WORCESTER
Zoning & alternative use
BG-3 · Worcester, MA
Zoning BG-3 · permitted uses
BG-3 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
Smc Residences On Madison
Individual
Free & Clear · 2 yrs held
Mailing address
5 MADISON ST, WORCESTER, MA 01608-2002
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Smc Residences On Madison
—
Deed
related
$22,600,000 · Bar Harbor Bank & Trust Co
Aug 15, 2023
$3,000,000
Smc Residences On Madison
5 Madison Street LLC
Quit Claim Arm's Length For Ne States
—
Dec 1, 2022
$1,000,000
5 Madison Street LLC
5-9 Madison Street T
Quit Claim Arm's Length For Ne States
$762,326 · Rflf 7 LLC
Jul 10, 2014
$105,000
Madison Street T 5-9
Beacon Place LLC
Foreclosure
related
—
Nov 6, 2006
—
Beacon Place LLC
—
Deed Of Trust
related
$13,300,000 · Longview Ultra Inv
Nov 6, 2006
$1
Beacon Place LLC
Hadley Apts LLC
Grant Deed
related
—
Oct 18, 2006
—
Hadley Apts LLC
—
Deed Of Trust
related
$100,000 · First Trade Union Savings Bank
Sep 28, 2005
—
Hadley Apts LLC
—
Deed Of Trust
related
$2,826,000 · Lbm Financial LLC
Jul 15, 2004
$1,600,000
Hadley Apts LLC
Quadrant Ent LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
$2,100,000 · Lbm Financial LLC
Aug 20, 2003
$1,600,000
Quadrant Ent LLC
Jtc 1 LLC
Grant Deed
$1,620,000 · Endeavor Financial Services
Aug 20, 2003
—
Quadrant Enterprise LLC
—
Deed Of Trust
related
$450,000 · Jtc 1 LLC
Sep 4, 1991
—
Madison Main Nt
—
Deed Of Trust
related
$460,000 · Shawmut Bank Of Boston
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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