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Property profile & analytics
OFF-MARKET
Office Spaces
5 State St 1G Worcester, MA 01609-2893
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-0209138
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1970
Total area
670 SF
Lot
0.02 ac (670 SF)
Zoning code
BO-1
APN
WORC M:02 B:28A L:000G1
UPID
US38-0209138
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
-
Michael M. Franklin, Esq Law Firm
-
Worcester County Abstract Company Title Company
-
Need Help Project, Inc. Association / Organization
-
Vargas III Frank A Law Firm
-
Brooks Law LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mohammad Bsharat · 2 yrs held
Mohammad Bsharat
since 2023
Last sale
$232,000
3 recorded transactions
Zoning & alternative use
BO-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$2,902
Tax year 2024
Assessed value
$96,600
Assessed 2024
Previous assessed
$96,600
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed improvement
$96,600
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
YES
Buildings
1
Rooms
5
Bathrooms
1
Total area
670 SF
Lot
0.02 ac (670 SF)
Zoning code
BO-1
APN
WORC M:02 B:28A L:000G1
UPID
US38-0209138
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.
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Mohammad Bsharat
Individual
Free & Clear · 2 yrs held
Mailing address
5 STATE ST1G, WORCESTER, MA 01609-2893
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
$232,000
Mohammad Bsharat
Five State Street RT
Quit Claim Arm's Length For Ne States
—
Oct 1, 2004
$210,000
Roncone Assoc INC
Uhl,gail Evangelista
Grant Deed
—
Jun 8, 1998
$47,500
Gael Evanlista Uhl
Laplante,john Guy
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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