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Property profile & analytics
FOR LEASE
Investment properties
65 Elm St Worcester, MA 01609
Entity Owned
~
Est. High Equity
Property ID
US38-1715912
For Lease
1 / 4
$2,070,000
65 Elm St, Worcester, MA 01609
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
FRAME
Total area
8,232 SF
Lot
0.28 ac (12,186 SF)
Zoning code
BO-1
APN
WORC M:03 B:034 L:00001
UPID
US38-1715912
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
-
Endodontic Associates Dental Office
-
Akram E. Rafla, DMD, PC Dental Office
-
Rafla Marta O DDS Dental Office
-
Herlihy Insurance Group Insurance Agency
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.67M
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$2.07M
Owner & transaction history
Minas Elm Realty LLC
Minas Elm Realty LLC
since 2026
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
BO-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+71.3%
Auto repair, garage
$1.4M
+40.7%
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
$2,645,000
ML approach
$2,665,000
CAP Approach
CAP Return
Estimation
6%
$1,850,000
6.5%
$1,710,000
7%
$1,590,000
Alternative Use
Use
Estimation
RESTAURANT
$1,710,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,405,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $2.00M (Feb 18 2026)
Last sale anchor
$2.00M
Feb 18 2026
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
$251 / 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
Assessed value
$1,233,700
Assessed 2024
Previous assessed
$1,283,100
-3.9% YoY
Assessed land
$406,100
Assessed improvement
$827,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1930
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
3
Total area
8,232 SF
Lot
0.28 ac (12,186 SF)
Zoning code
BO-1
APN
WORC M:03 B:034 L:00001
UPID
US38-1715912
Jurisdiction
WORCESTER
Zoning & alternative use
BO-1 · Worcester, MA
Zoning BO-1 · permitted uses
BO-1 · 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
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
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
1930
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Minas Elm Realty LLC
Entity
Mailing address
7 PEPPERBUSH CT, NORTH GRAFTON, MA 01536-2110
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
$2,000,000
Minas Elm Realty LLC
C&g Group LLC
Deed
$1,000,000 · Unibank For Savings
Feb 18, 2026
—
Minas Elm Realty LLC
—
Deed
related
$825,000 · Worcester Business Development Corp
Aug 26, 2021
$2,850,000
C&d Group LLC
R&o Properties LLC
Quit Claim Arm's Length For Ne States
$1,995,000 · Leader Bank NA
Dec 16, 2020
—
R&o Prop LLC
—
Deed
related
$1,700,000 · Rockland Trust Co
Jul 3, 2007
$667,500
R&o Property LLC
4h Realty LLC
Grant Deed
—
Apr 27, 2005
$1
4 H Rlty LLC
Herlihy,james J JR
Grant Deed
—
Jun 3, 2004
—
James J Herlihy JR.
—
Deed Of Trust
related
$100,000 · Commonwealth National Bank
Dec 29, 1998
—
James J Herlihy JR.
—
Deed Of Trust
related
$280,861 · Flagship Bank & Trust
Dec 19, 1990
—
James J Herlihy JR.
—
Deed Of Trust
related
$100,000 · Shawmut Bank Of Boston
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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