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Property profile & analytics
OFF-MARKET
Specialty properties
505 Pleasant St, Worcester, MA 01609-1821
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0678136
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,191 SF
Lot
0.41 ac (17,938 SF)
Zoning code
BG-3
APN
WORC M:06 B:001 L:26+28
UPID
US38-0678136
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
-
Children's Friend Early Learning Center Daycare Center
-
Children’s Friend Adoption Agency
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
Childrens Friend INC · 8 yrs held
Childrens Friend INC
since 2018
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
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 2018Property tax & assessments
Tax year 2018
Tax billed
$23,348
Tax year 2018
Assessed value
$804,800
Assessed 2024
Previous assessed
$706,600
+13.9% YoY
Effective rate
2.90%
On assessed value
Assessed land
$290,600
Assessed improvement
$514,200
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Total area
6,191 SF
Lot
0.41 ac (17,938 SF)
Zoning code
BG-3
APN
WORC M:06 B:001 L:26+28
UPID
US38-0678136
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
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Childrens Friend INC
Entity
Mailing address
21 CEDAR ST, WORCESTER, MA 01609-2530
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
—
Childrens Friend INC
—
Deed
related
$4,034,000 · Td Bank NA
Apr 23, 2018
$860,000
Childrens Friend INC
505 Pleasant Realty LLC
Quit Claim Deed
—
Oct 18, 2017
—
505 Pleasant Realty LLC
—
Deed
related
$307,335 · Honey Farms INC
Dec 1, 2005
$720,000
505 Pleasant Rlty LLC
Honey Farms INC
Deed
$576,000 · Webster Fivecent Svgs
Mar 5, 1999
—
Honey Farms INC
—
Deed Of Trust
related
$800,000 · Commerce Bank & Trust
Apr 4, 1997
—
Honey Farms INC
—
Deed Of Trust
related
$800,000 · Commerce Bank & Trust
Apr 12, 1996
—
Honey Farms INC
—
Deed Of Trust
related
$450,000 · Commerce Bank & Trust
Sep 26, 1995
$41,836
Honey Farms INC
Park Hiland RT
Grant Deed
—
Sep 26, 1995
—
Hiland RT Park
—
Deed Of Trust
related
$1,070,204 · Honey Farms INC
Nov 21, 1988
—
Richard W Stavros
—
Deed Of Trust
related
$75,000 · Shawmut Worc Cnty Bk
—
—
505 Pleasant Realty LLC
—
Deed Of Trust
related
$307,335 · Honey Farms INC
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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