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Property profile & analytics
OFF-MARKET
Estimated value
$27,000,000
Manufacturing properties
58 Gardner St Worcester, MA 01610-2528
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-2213794
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
137,310 SF
Lot
8 ac (348,610 SF)
Zoning code
MG-2
APN
WORC M:07 B:003 L:0003B
UPID
US38-2213794
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
-
Table Talk Pies Bakery Specialty Food Shop
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$27.00M
CAP Approach
CAP
$24.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.00M
Owner & transaction history
Nbpiv Gardner LLC · 1 yrs held
Nbpiv Gardner LLC
since 2024
Last sale
$27.0M
7 recorded transactions
Zoning & alternative use
MG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.6M
+127.3%
Auto repair, garage
$23.5M
+86.7%
Retail stores
$20.1M
+59.6%
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
$27,000,000
ML approach
$27,000,000
CAP Approach
CAP Return
Estimation
6%
$26,645,000
6.5%
$24,595,000
7%
$22,835,000
Alternative Use
Use
Estimation
RESTAURANT
$28,560,000
Change: +127% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,470,000
Change: +87% · Conversion: Easy
RETAIL STORES
$20,060,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$17,330,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$17,120,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,475,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$27.00M
Range $24.30M – $29.70M · ±10% · vs last sale $27.00M (Oct 3 2024)
Last sale anchor
$27.00M
Oct 3 2024
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
$197 / 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
$146,853
Tax year 2024
Assessed value
$4,888,590
Assessed 2024
Previous assessed
$4,888,590
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$674,200
Assessed improvement
$4,214,390
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
137,310 SF
Lot
8 ac (348,610 SF)
Zoning code
MG-2
APN
WORC M:07 B:003 L:0003B
UPID
US38-2213794
Jurisdiction
WORCESTER
Zoning & alternative use
MG-2 · Worcester, MAZoning MG-2 · permitted uses
MG-2 · 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
RESTAURANT
Est. value
$28.6M
AUTO REPAIR, GARAGE
Est. value
$23.5M
RETAIL STORES
Est. value
$20.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.3M
OFFICE BUILDING
Est. value
$17.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.5M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
8 ac
Current owner
From public records · entity-resolved
Nbpiv Gardner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
401 W EDGEWATER PLSTE26, WAKEFIELD, MA 01880-6201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
—
Nbpiv Gardner LLC
—
Deed
related
$30,300,000 · M & T Bank
Oct 3, 2024
$27,000,000
Nbpiv Gardner LLC
Cp 58 Gardner Street LLC
Quit Claim Arm's Length For Ne States
—
Oct 22, 2020
—
Cp 58 Gardner St LLC
—
Deed
related
$13,648,720 · Rockland Trust Co
Jul 30, 2020
$25,000
Cp 58 Gardner Street LLC
Tcb Revitalization Svcs
Grant Deed
—
Dec 29, 2009
—
Main South Cmnty Dev Corp
—
Deed Of Trust
related
$533,000 · Worcester City
Sep 25, 2009
—
Main South Cmnty Dev Corp
—
Deed Of Trust
related
$400,000 · Worcester City
Aug 15, 2007
—
Main South Cmnty Dev Corp
—
Deed Of Trust
related
$129,738 · Green Haus Dev INC
Mar 8, 2007
$1,500,000
Main South Cmnty Dev Corp
Corpman INC
Grant Deed
$1,500,000 · Life Ins Intiativ
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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