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Property profile & analytics
OFF-MARKET
Estimated value
$5,270,000
Specialty properties
605 Lincoln St Worcester, MA 01605-1901
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1752684
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,550 SF
Lot
3.41 ac (148,539 SF)
Zoning code
BL-1
APN
WORC M:46 B:39A L:0000B
UPID
US38-1752684
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
-
Edward M. Kennedy Community Health Center Medical Clinic
-
WORCESTER OUTPATIENT CLINIC Medical Clinic
-
Rubin Miriam L Physician Medical Clinic
-
Cavallaro Lorraine A Physician Medical Clinic
-
Robert C. Crago, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.37M
Blend (final)
Blend
$5.27M
Owner & transaction history
E M Kennedy Cmnty Ctr INC · 5 yrs held
E M Kennedy Cmnty Ctr INC
since 2021
Last sale
$6.5M
6 recorded transactions
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+104.6%
Auto repair, garage
$5.1M
+68.2%
Retail stores
$4.3M
+43.7%
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
$5,270,000
ML approach
$6,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,145,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,050,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$4,315,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,765,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,730,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$3,685,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,545,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$5.27M
Range $4.74M – $5.80M · ±10% · vs last sale $6.50M (Jul 27 2021)
Last sale anchor
$6.50M
Jul 27 2021
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
$178 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$209,759
Tax year 2022
Assessed value
$7,883,900
Assessed 2024
Previous assessed
$7,883,900
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$1,668,500
Assessed improvement
$6,215,400
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Total area
29,550 SF
Lot
3.41 ac (148,539 SF)
Zoning code
BL-1
APN
WORC M:46 B:39A L:0000B
UPID
US38-1752684
Jurisdiction
WORCESTER
Zoning & alternative use
BL-1 · Worcester, MAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Lot
3.41 ac
Current owner
From public records · entity-resolved
E M Kennedy Cmnty Ctr INC
Entity
Mailing address
115 NE CUTOFF #2, WORCESTER, MA 01606-1224
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2021
$6,500,000
E M Kennedy Cmnty Ctr INC
Worcester Mckinley Assoc
Quit Claim Arm's Length For Ne States
$5,200,000 · Eastern Bank
Sep 16, 2015
$7,550,000
Worcester Mckinley Assn
Worcester-va LLC
Quit Claim Deed
$4,907,500 · Rockland Tr
Nov 10, 2010
—
Worcester Va LLC
—
Deed Of Trust
related
$3,400,000 · Rockland Trust Co
Oct 13, 2005
—
Worcester Va LLC
—
Deed Of Trust
related
$3,470,000 · Cib
Oct 3, 2005
$5,069,200
Worcester Va LLC
Lincoln Street Rlty Est T
Grant Deed
$3,470,000 · Cib
May 2, 1997
—
Lincoln Street Realty
—
Deed Of Trust
related
$33,314,372 · Ma Housing Finance Authority
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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