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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Industrial properties
51 Pullman St Worcester, MA 01606-3310
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-0193407
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,440 SF
Lot
1.08 ac (47,044 SF)
Zoning code
MG-.5
APN
WORC M:23 B:01A L:0005B
UPID
US38-0193407
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
-
Herlihy Insurance Group Insurance Agency
-
Sharry & Monfette, LLP Law Firm
-
The Visper Group Consultant
-
Visper Wealth Management, LLC Financial Advisor
-
Builders Association-Central Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$910k
Owner & transaction history
4 H Realty LLC · 19 yrs held
4 H Realty LLC
since 2007
5 recorded transactions
Zoning & alternative use
MG-.5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+59.6%
Neighborhood: shopping center
$1.2M
+37.9%
Office building
$1.2M
+36.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$865,000
Current use
RETAIL STORES
$1,380,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,190,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$1,175,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,135,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,040,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$96 / 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
$37,424
Tax year 2024
Assessed value
$1,245,800
Assessed 2024
Previous assessed
$1,289,000
-3.4% YoY
Effective rate
3.00%
On assessed value
Assessed land
$178,200
Assessed improvement
$1,067,600
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Units
2
Total area
9,440 SF
Lot
1.08 ac (47,044 SF)
Zoning code
MG-.5
APN
WORC M:23 B:01A L:0005B
UPID
US38-0193407
Jurisdiction
WORCESTER
Zoning & alternative use
MG-.5 · Worcester, MA
Zoning MG-.5 · permitted uses
MG-.5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$865,000
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Units
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
4 H Realty LLC
Entity
Mailing address
51 PULLMAN ST, WORCESTER, MA 01606-3310
Ownership since
2007
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
Sep 17, 2012
—
4h Realty LLC
—
Deed Of Trust
related
$230,000 · United Bank
May 27, 2010
—
4h Realty LLC
—
Deed Of Trust
related
$125,000 · United Bank
Jul 26, 2007
—
4 H Realty LLC
—
Deed Of Trust
related
$1,500,000 · Spencer Savings Bank Sla
Jul 6, 2007
$1
4 H Realty LLC
Solo Holdings LLC
Grant Deed
—
Sep 1, 2006
$865,000
Solo Holdings LLC
Cooper,alan R
Grant Deed
$700,000 · Commonwealth National 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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