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Property profile & analytics
OFF-MARKET
Estimated value
$15,540,000
Warehouses
66 Atlas St, Worcester, MA 01604-2045
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0419313
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
STEEL FRAME
Total area
172,380 SF
Lot
17.05 ac (742,698 SF)
Zoning code
ML-.5
APN
WORC M:38 B:031 L:00001
UPID
US38-0419313
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
-
Regency Warehouse District Inc Trucking Company
-
Transportation Concepts Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.58M
Blend (final)
Blend
$15.54M
Owner & transaction history
Eip Atlas Street LLC · 7 yrs held
Eip Atlas Street LLC
since 2018
7 recorded transactions
Zoning & alternative use
ML-.5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$25.2M
+45.6%
Neighborhood: shopping center
$21.8M
+25.8%
Office building
$21.5M
+24.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,295,000
Current use
RETAIL STORES
$25,180,000
Change: +46% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$21,755,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$21,495,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,680,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,105,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$15.54M
Range $13.99M – $17.09M · ±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
$90 / 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
$267,650
Tax year 2024
Assessed value
$8,909,800
Assessed 2024
Previous assessed
$7,070,300
+26.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$701,100
Assessed improvement
$8,208,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
172,380 SF
Lot
17.05 ac (742,698 SF)
Zoning code
ML-.5
APN
WORC M:38 B:031 L:00001
UPID
US38-0419313
Jurisdiction
WORCESTER
Zoning & alternative use
ML-.5 · Worcester, MA
Zoning ML-.5 · permitted uses
ML-.5 · 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
WAREHOUSE, STORAGE Current
Est. value
$17.3M
RETAIL STORES
Est. value
$25.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.8M
OFFICE BUILDING
Est. value
$21.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.7M
COMMERCIAL (GENERAL)
Est. value
$19.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
17.05 ac
Current owner
From public records · entity-resolved
Eip Atlas Street LLC
Entity
Mailing address
20 PICKERING ST STE, NEEDHAM, MA 02492-3197
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Aug 6, 2018
—
Eip Atlas Street LLC
Eip Atlas Street LLC
Quit Claim Deed
related
$7,100,000 · East Boston Savings Bank
Mar 5, 2014
$3,925,000
Eip Atlas Street LLC
Lsref 2 Clover Prop 17
Quit Claim Arm's Length For Ne States
$20,400,000 · Jpmorgan Chase Bank NA
Jul 31, 2013
—
Lsref2 Clover Props 17
—
Deed Of Trust
related
$1 · Wells Fargo Mortgage
Jun 14, 2013
—
Lsref 2 Clover Prop 17
Clinton Altas LLC
Quit Claim Deed
related
—
Oct 1, 2007
$1
Clinton-atlas LLC
1031 Exchange Clearin INC
Grant Deed
—
Aug 2, 2007
$6,000,000
Exchange Atlas LLC
Sack Storage INC
Deed
$6,000,000 · Anglo Irish Bk Corp
Apr 29, 2003
—
Sack Storage INC
—
Deed Of Trust
related
$2,022,000 · Webster Five Cents Sav Bank
Dec 26, 2000
—
Abraham Sack RT
—
Deed Of Trust
related
$1,600,000 · Webster Five Cents Sav Bank
Dec 23, 1993
—
Sack R T Abraham
—
Deed Of Trust
related
$1,100,000 · Bankboston Development Co LLC
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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