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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Grocery and convenience stores
662 Main St, Worcester, MA 01610
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-1532403
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,372 SF
Lot
1.4 ac (60,984 SF)
Zoning code
BG-3
APN
WORC M:03 B:014 L:00011
UPID
US38-1532403
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$3.75M
Owner & transaction history
Mgm Pena LLC · 19 yrs held
Mgm Pena LLC
since 2007
7 recorded transactions
Zoning & alternative use
BG-3 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+42.4%
Auto repair, garage
$4.5M
+17.0%
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
RETAIL STORES
$3,850,000
Current use
RESTAURANT
$5,485,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,510,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,330,000
Change: -14% · Conversion: Moderate
OFFICE BUILDING
$3,290,000
Change: -15% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,165,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±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
$142 / 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
$111,445
Tax year 2024
Assessed value
$3,709,900
Assessed 2024
Previous assessed
$3,064,400
+21.1% YoY
Effective rate
3.00%
On assessed value
Assessed land
$835,500
Assessed improvement
$2,874,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Total area
26,372 SF
Lot
1.4 ac (60,984 SF)
Zoning code
BG-3
APN
WORC M:03 B:014 L:00011
UPID
US38-1532403
Jurisdiction
WORCESTER
Zoning & alternative use
BG-3 · Worcester, MA
Zoning BG-3 · permitted uses
BG-3 · 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
RETAIL STORES Current
Est. value
$3.9M
RESTAURANT
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Mgm Pena LLC
Entity
Mailing address
664 MAIN ST, WORCESTER, MA 01610-3124
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2013
—
Mgm Pena LLC
—
Deed Of Trust
related
$2,400,000 · Zions First National Bank
May 22, 2007
$2,545,000
Mgm Pena LLC
Republic RT
Grant Deed
$1,245,000 · Nara Bank
May 22, 2007
—
Mgm Pena LLC
—
Deed Of Trust
related
$1,000,000 · Nara Bank
Jun 18, 2002
—
Ediberto Santiago
—
Deed Of Trust
related
$150,000 · Bay State Savings Bank
Jun 3, 2002
—
Republic RT
—
Deed Of Trust
related
$25,000 · Worcester City
Apr 1, 2002
—
Republic RT
—
Deed Of Trust
related
$599,000 · Worc Business Dev Co
Jun 26, 2001
—
Republic RT
—
Deed Of Trust
related
$24,675 · Worcester City
Feb 6, 2001
—
Worcester Lofts LP
—
Deed Of Trust
related
$100,000 · Ash Street LLC
Jan 18, 2001
$950,000
Republic RT
664 RT
Grant Deed
$727,500 · Money Store Commercial Mtg
Jan 18, 2001
$380,000
Worcester Lofts LP
Republic RT
Grant Deed
$380,000 · Zuckerman Family Nomi
Jan 18, 2001
—
Republic RT
—
Deed Of Trust
related
$582,000 · Wmc Mortgage Corp
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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