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Property profile & analytics
OFF-MARKET
Estimated value
$19,505,000
Showrooms
5 Neponset St Worcester, MA 01606-2714
Entity Owned
Absentee Owner
Free & Clear
Property ID
US38-1371260
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Construction
STEEL FRAME
Total area
121,504 SF
Lot
3.75 ac (163,236 SF)
Zoning code
BG-3
APN
WORC M:13 B:003 L:0003A
UPID
US38-1371260
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
-
Reliant Medical Group Pediatrics Department Pediatrician Medical Clinic
-
Keller Williams Realty: Jane Becker Real Estate Agency
-
Caitlin Pasquale Physician
-
Reliant Medical Group Physician
-
Dr. Kern J. Bayard, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.24M
Comparable Approach
Comparable
$18.44M
Blend (final)
Blend
$19.51M
Owner & transaction history
RELIANT MSO LLC
RELIANT MSO LLC
Zoning & alternative use
BG-3 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$25.3M
+89.1%
Auto repair, garage
$20.8M
+55.4%
Retail stores
$17.8M
+32.8%
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%
$27,340,000
6.5%
$25,235,000
7%
$23,435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,365,000
Current use
RESTAURANT
$25,275,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,765,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$17,750,000
Change: +33% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$15,335,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$15,150,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$14,580,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$12,190,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$19.51M
Range $17.55M – $21.46M · ±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
$161 / 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
$618,461
Tax year 2024
Assessed value
$20,587,900
Assessed 2024
Previous assessed
$24,243,000
-15.1% YoY
Effective rate
3.00%
On assessed value
Assessed land
$1,825,300
Assessed improvement
$18,762,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
4
Total area
121,504 SF
Lot
3.75 ac (163,236 SF)
Zoning code
BG-3
APN
WORC M:13 B:003 L:0003A
UPID
US38-1371260
Jurisdiction
WORCESTER
Zoning & alternative use
BG-3 · Worcester, MAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$13.4M
RESTAURANT
Est. value
$25.3M
AUTO REPAIR, GARAGE
Est. value
$20.8M
RETAIL STORES
Est. value
$17.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.3M
OFFICE BUILDING
Est. value
$15.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.6M
WAREHOUSE, STORAGE
Est. value
$12.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1986
Construction
STEEL FRAME
Heating
SPACE
Stories
4
Buildings
1
Lot
3.75 ac
Current owner
From public records · entity-resolved
RELIANT MSO LLC
Entity
Free & Clear · 0 yrs held
Mailing address
100 FRNT ST, WORCESTER, MA 01608-1425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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