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Property profile & analytics
OFF-MARKET
Estimated value
$5,320,000
Manufacturing properties
53 Millbrook St Worcester, MA 01606-2817
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0961822
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
116,840 SF
Lot
4.72 ac (205,603 SF)
Zoning code
MG-1
APN
WORC M:13 B:25A L:00100
UPID
US38-0961822
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
-
Polar Beverages Warehouse & Storage
-
A Schulman Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.87M
Blend (final)
Blend
$5.32M
Owner & transaction history
Millbrook Prop Owner · 6 yrs held
Millbrook Prop Owner
since 2020
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
MG-1 · 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
$5,670,000
ML approach
$6,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.32M
Range $4.79M – $5.85M · ±10% · vs last sale $4.00M (Mar 6 2020)
Last sale anchor
$4.00M
Mar 6 2020
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
$46 / 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
$122,269
Tax year 2024
Assessed value
$4,070,200
Assessed 2024
Previous assessed
$3,867,000
+5.3% YoY
Effective rate
3.00%
On assessed value
Assessed land
$773,600
Assessed improvement
$3,296,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
1
Total area
116,840 SF
Lot
4.72 ac (205,603 SF)
Zoning code
MG-1
APN
WORC M:13 B:25A L:00100
UPID
US38-0961822
Jurisdiction
WORCESTER
Zoning & alternative use
MG-1 · Worcester, MAZoning MG-1 · permitted uses
MG-1 · Worcester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Buildings
1
Lot
4.72 ac
Current owner
From public records · entity-resolved
Millbrook Prop Owner
Individual
Mailing address
133 PEARL ST, BOSTON, MA 02110-2499
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
—
Millbrook Prop Owner LLC
—
Deed
related
$1,680,000 · Centreville Bank
Mar 6, 2020
$4,000,000
Millbrook Prop Owner
Lyondellbasell Advanced
Quit Claim Deed
$3,480,000 · Centreville Bk
Oct 16, 2013
$3,500,000
Schulman Custom Compnd A
53 Millbrook LLC
Quit Claim Deed
—
Sep 8, 2011
—
53 Millbrook LLC
—
Deed Of Trust
related
$600,000 · Td Bank NA
Nov 23, 2005
—
Millbrook Prop Mgmt LLC
—
Deed Of Trust
related
$178,000 · Donald S Keller
Mar 15, 2001
—
52 Millbrook LLC
—
Deed Of Trust
related
$3,798,821 · Sovereign Bank
Jul 14, 2000
$2,800,000
53 Millbrook LLC
American Polymers INC
Grant Deed
$2,520,000 · Flagship Bank & Trust
Mar 29, 2000
$950,000
RT Dk
Apahouser Elcom INC
Grant Deed
$1,000,000 · Mass Mutual Life Ins
Mar 29, 2000
—
RT Dk
—
Deed Of Trust
related
$80,000 · Zenon Grzybowski
Nov 29, 1996
$550,000
Apahouser Elcom INC
Millbrook Warehouse RT
Grant Deed
—
Sep 14, 1995
—
Api Dev Corp
—
Deed Of Trust
related
$1,672,500 · Fleet National Bank
Oct 10, 1991
$1,700,000
A P I Dev Corp
Patton Properties INC
Grant Deed
—
Nov 30, 1987
$3,700,000
55 Millbrook Tr
B & H Realty Tr
Grant Deed
$3,400,000 · Bank Of New England
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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