New search
Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Investment properties
51 Vernon St Worcester, MA 01610-2294
Individually Owned
1-yr Hold
Property ID
US38-1654076
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
4,999 SF
Lot
0.13 ac (5,780 SF)
Zoning code
BL-1
APN
WORC M:05 B:037 L:00009
UPID
US38-1654076
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
-
Xina Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Williams K Tamgno · 1 yrs held
Williams K Tamgno
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+90.7%
Retail stores
$730,000
+63.0%
Neighborhood: shopping center
$630,000
+40.8%
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
$595,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$500,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $700k (Mar 19 2025)
Last sale anchor
$700k
Mar 19 2025
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
$127 / 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
Assessed value
$392,900
Assessed 2024
Previous assessed
$447,100
-12.1% YoY
Assessed land
$68,700
Assessed improvement
$324,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
3
Rooms
19
Bathrooms
3
Total area
4,999 SF
Lot
0.13 ac (5,780 SF)
Zoning code
BL-1
APN
WORC M:05 B:037 L:00009
UPID
US38-1654076
Jurisdiction
WORCESTER
Zoning & alternative use
BL-1 · Worcester, MA
Zoning BL-1 · permitted uses
BL-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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$855,000
RETAIL STORES
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
OFFICE BUILDING
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$500,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1890
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
3
Rooms
19
Bathrooms
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Williams K Tamgno
Individual
Mailing address
88 PROVIDENCE ST, WORCESTER, MA 01604-6049
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
$700,000
Williams K Tamgno
D&b Re Holdings LLC
Deed
$676,637 · New American Funding
Sep 4, 2015
—
D & B Real Estate Holding
Nguyen,tam H
Quit Claim Deed
related
—
May 18, 2012
$125,100
Tam Nguyen
Wells Fargo Bank NA
Quit Claim Arm's Length For Ne States
$100,000 · North Middlesex Savings Bank
Apr 17, 2012
$114,087
Wells Fargo Bank NA
Mercier,michael
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 14, 2006
—
Annyway Mercier
—
Deed Of Trust
related
$39,000 · Washington Mutual Bank
Feb 14, 2006
$1
Annyway Mercier
Mercier,annyway
Grant Deed
related
—
Jun 7, 2005
$336,700
Annyway Mercier
Wingspan Prop LLC
Grant Deed
$233,800 · Amerihome Mortgage Co LLC
Jun 7, 2005
—
Annyway Mercier
—
Deed Of Trust
related
$66,800 · American Brokers Conduit
Feb 11, 2005
$260,000
Wingspan Prop LLC
Joubert,jodi L
Grant Deed
$195,000 · Spencer Savings Bank Sla
Nov 12, 2004
$140,000
Jodi L Joubert
Oleary Rita E Est
Grant Deed
$150,000 · James Froio
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 51 Vernon St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
