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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Specialty properties
61 Myrtle St Worcester, MA 01608-2027
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-1639516
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,286 SF
Lot
0.86 ac (37,368 SF)
Zoning code
BG-6
APN
WORC M:03 B:011 L:00005
UPID
US38-1639516
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
-
Callahan, Fay & Caswell Funeral Home Social Service Agency
-
Lindquist Lundin and Callahan Fay Caswell Funeral Homes Social Service Agency
-
Callahan Philip W Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$715k
Owner & transaction history
Street T Myrtle · 19 yrs held
Street T Myrtle
since 2007
5 recorded transactions
Zoning & alternative use
BG-6 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+48.1%
Office building
$825,000
+8.5%
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
by Request
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$760,000
Current use
RETAIL STORES
$1,125,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$825,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$745,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
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
$63 / 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
$56,280
Tax year 2024
Assessed value
$1,873,500
Assessed 2024
Previous assessed
$1,623,300
+15.4% YoY
Effective rate
3.00%
On assessed value
Assessed land
$1,140,400
Assessed improvement
$733,100
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
FUNERAL HOME
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
2
Total area
11,286 SF
Lot
0.86 ac (37,368 SF)
Zoning code
BG-6
APN
WORC M:03 B:011 L:00005
UPID
US38-1639516
Jurisdiction
WORCESTER
Zoning & alternative use
BG-6 · Worcester, MAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$760,000
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$745,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
RETAIL STORES
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Street T Myrtle
Individual
Mailing address
61 MYRTLE ST, WORCESTER, MA 01608-2027
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2007
$2,071,156
Street T Myrtle
Callahan Brothers Corp
Grant Deed
—
May 2, 2007
—
St T Butler
—
Deed Of Trust
related
$2,850,000 · Bay State Savings Bank
Nov 6, 2000
—
Callahan Realty
—
Deed Of Trust
related
$150,000 · Bay State Savings Bank
May 8, 1998
—
Callahan Brothers Rlty
—
Deed Of Trust
related
$135,000 · Family Bank
—
—
Butler,street Trust
—
Deed Of Trust
related
$2,009,000 · Bay St Svgs Bk
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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