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Property profile & analytics
OFF-MARKET
Specialty properties
51 Hancock Hl Dr, Worcester, MA 01609-1543
Individually Owned
10-yr Hold
Property ID
US38-0419792
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,274 SF
Lot
0.55 ac (23,830 SF)
Zoning code
RS-10
APN
WORC M:21 B:09A L:00011
UPID
US38-0419792
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
7 Hills Community Svc · 10 yrs held
7 Hills Community Svc
since 2016
7 recorded transactions
Zoning & alternative use
RS-10 · 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 2017Property tax & assessments
Tax year 2017
Tax billed
$9,796
Tax year 2017
Assessed value
$665,400
Assessed 2024
Previous assessed
$555,200
+19.8% YoY
Effective rate
1.47%
On assessed value
Assessed land
$338,100
Assessed improvement
$327,300
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
2
Units
1
Rooms
8
Bathrooms
5
Total area
4,274 SF
Lot
0.55 ac (23,830 SF)
Zoning code
RS-10
APN
WORC M:21 B:09A L:00011
UPID
US38-0419792
Jurisdiction
WORCESTER
Zoning & alternative use
RS-10 · Worcester, MA
Zoning RS-10 · permitted uses
RS-10 · 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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Buildings
1
Units
1
Rooms
8
Bathrooms
5
Lot
0.55 ac
Current owner
From public records · entity-resolved
7 Hills Community Svc
Individual
Mailing address
81 HOPE AVE, WORCESTER, MA 01603-2212
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2016
—
7 Hills Community Svc
—
Deed
related
$2,984,000 · Td Bank NA
Mar 31, 2016
$475,000
7 Hills Community Svc
Atamian,elias A & Jeanmarie
Quit Claim Deed
—
Feb 26, 2003
—
Elias A Atamian
—
Deed Of Trust
related
$289,000 · Wells Fargo Mortgage
Jun 15, 2001
—
Elias A Atamian
—
Deed Of Trust
related
$275,000 · Wells Fargo Mortgage
Feb 7, 2001
—
Elias A Atamian
—
Deed Of Trust
related
$450,000 · Commerce Bank & Trust
Oct 30, 1996
—
Elias Atamian
—
Deed Of Trust
related
$60,000 · Commerce Bank & Trust
Mar 28, 1988
—
Jeanmarie T Atamian
—
Deed Of Trust
related
$600,000 · Bankboston Development Co LLC
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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