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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Manufacturing properties
50 Suffolk St Worcester, MA 01604-4091
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1762869
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,803 SF
Lot
0.14 ac (5,994 SF)
Zoning code
MG-2
APN
WORC M:04 B:012 L:00056
UPID
US38-1762869
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
-
L.B. Wheaton, Inc. Photography Service (Bike/Boat/Book/etc) Store
-
New England Outfitters Textile Manufacturer Factory
-
Worcester Slitting & Manufacturing Co Factory Production Facility
-
Reinforced Structures Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$364k
Blend (final)
Blend
$600k
Owner & transaction history
Dpac Suffolk St Re LLC · 1 yrs held
Dpac Suffolk St Re LLC
since 2024
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
MG-2 · 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jul 29 2024)
Last sale anchor
$600k
Jul 29 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
$28 / 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
$10,211
Tax year 2024
Assessed value
$339,900
Assessed 2024
Previous assessed
$339,900
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$42,700
Assessed improvement
$297,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
4
Units
3
Total area
21,803 SF
Lot
0.14 ac (5,994 SF)
Zoning code
MG-2
APN
WORC M:04 B:012 L:00056
UPID
US38-1762869
Jurisdiction
WORCESTER
Zoning & alternative use
MG-2 · Worcester, MA
Zoning MG-2 · permitted uses
MG-2 · 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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
4
Buildings
1
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Dpac Suffolk St Re LLC
Entity
Mailing address
50 SUFFOLK ST UNIT #1005, WORCESTER, MA 01604-4091
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
$600,000
Dpac Suffolk St Re LLC
50 Suffolk St Partners Ll
Quit Claim Arm's Length For Ne States
$750,000 · Bespoke Woodwrights L
Sep 30, 2022
$620,000
50 Suffolk St Partners
George R Najemy
Quit Claim Arm's Length For Ne States
$918,000 · Bay State Savings Bank
Sep 30, 2022
—
George R Najemy
John Najemy
Quit Claim Deed
related
—
May 9, 1996
—
George R Najemy
—
Deed Of Trust
related
$74,332 · Bankboston Development Co LLC
Jan 30, 1987
—
George R Najemy
—
Deed Of Trust
related
$160,000 · Mechanics Bank
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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