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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
54 Mason St Worcester, MA 01610-3252
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2331885
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
FRAME
Total area
4,237 SF
Lot
0.36 ac (15,546 SF)
Zoning code
MG-1
APN
WORC M:06 B:020 L:00019
UPID
US38-2331885
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
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Daniel Yarnie · 4 yrs held
Daniel Yarnie
since 2022
Last sale
$675,000
4 recorded transactions
Zoning & alternative use
MG-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$725,000
+37.1%
Retail stores
$620,000
+17.2%
Neighborhood: shopping center
$535,000
+1.2%
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
$555,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$530,000
Current use
AUTO REPAIR, GARAGE
$725,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$535,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$425,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $675k (Aug 1 2022)
Last sale anchor
$675k
Aug 1 2022
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
$148 / 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
$9,436
Tax year 2024
Assessed value
$314,100
Assessed 2024
Previous assessed
$314,100
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$166,600
Assessed improvement
$147,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1935
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
4,237 SF
Lot
0.36 ac (15,546 SF)
Zoning code
MG-1
APN
WORC M:06 B:020 L:00019
UPID
US38-2331885
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RETAIL STORES
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$535,000
WAREHOUSE, STORAGE
Est. value
$425,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1935
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Daniel Yarnie
Individual
Mailing address
89 WW ST #101, NORTHBOROUGH, MA 01532-1218
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$675,000
Daniel Yarnie
Lord St LLC
Quit Claim Arm's Length For Ne States
$5,714,000 · Qs Lending T
Jul 6, 2021
$300,000
Lord St LLC
Tantara Associates Corp
Quit Claim Arm's Length For Ne States
—
Nov 17, 2006
$340,000
Tantara Assoc Corp
Tore Svcs INC
Grant Deed
—
Nov 27, 2001
$140,000
Tore Services INC
Fw Madigan Co INC
Grant Deed
—
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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