New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Turn key restaurants
55 Pearl St, Worcester, MA 01608-2406
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0300210
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1876
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,270 SF
Lot
0.15 ac (6,710 SF)
Zoning code
BG-6
APN
WORC M:03 B:031 L:00028
UPID
US38-0300210
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
-
Mission Church NE Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.38M
Owner & transaction history
Arkland LLC · 6 yrs held
Arkland LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
BG-6 · 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
$1,645,000
ML approach
$1,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,095,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.16M (Jan 23 2020)
Last sale anchor
$1.16M
Jan 23 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
$112 / 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
$45,760
Tax year 2024
Assessed value
$1,523,300
Assessed 2024
Previous assessed
$1,124,300
+35.5% YoY
Effective rate
3.00%
On assessed value
Assessed land
$298,600
Assessed improvement
$1,224,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1876
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
4
Total area
12,270 SF
Lot
0.15 ac (6,710 SF)
Zoning code
BG-6
APN
WORC M:03 B:031 L:00028
UPID
US38-0300210
Jurisdiction
WORCESTER
Zoning & alternative use
BG-6 · Worcester, MA
Zoning BG-6 · permitted uses
BG-6 · 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
AUTO REPAIR, GARAGE
Est. value
$2.1M
AUTO REPAIR, GARAGE
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
1876
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
4
Buildings
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Arkland LLC
Entity
Mailing address
1635 MINERAL SPG AVE #12, NORTH PROVIDENCE, RI 02904-4025
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2020
$1,160,000
Arkland LLC
Bull Mansion LLC
Quit Claim Arm's Length For Ne States
$720,000 · Bank Rhode Island
Dec 11, 2019
—
Bull Mansion LLC
—
Deed
related
$8,489 · Horizon Beverage Co
May 29, 2019
—
Bull Mansion LLC
—
Deed
related
$35,000 · Axos Bank
Jul 20, 2017
—
Bull Mansion LLC
—
Deed
related
$403,000 · Country Bank
Mar 24, 2016
$487,500
Bull Mansion LLC
New England Dream Cent
Quit Claim Arm's Length For Ne States
$362,625 · Lowell Five Cents Savings Bank
Feb 21, 2012
$825,000
New England Dream Center
Winiker,mark
Grant Deed
—
Nov 10, 2010
$600,000
Mark Winiker
55 Pearl St Dev LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 20, 2009
—
55 Pearl Street Dev LLC
—
Deed Of Trust
related
$70,000 · Connect Plus Corp
Dec 8, 2008
—
55 Pearl St Dev LLC
—
Deed Of Trust
related
$25,000 · Digital FCU
Jul 14, 2008
—
55 Pearl Street Dev LLC
—
Deed Of Trust
related
$150,000 · Mark Winiker
Jan 16, 2008
$725,000
55 Pearl Street Dev LLC
Digital FCU
Grant Deed
$658,560 · Digital FCU
May 3, 2007
$1,000,000
Dcu
Digital FCU
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jul 25, 2006
—
Sherman March LLC
—
Deed Of Trust
related
$125,000 · Digital FCU
Jul 20, 2005
$255,000
Sherman March LLC
Worcester City Of
Grant Deed
$1,000,000 · Digital FCU
Jul 20, 2005
—
Sherman March LLC
—
Deed Of Trust
related
$800,000 · Digital FCU
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 55 Pearl 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.
