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Property profile & analytics
OFF-MARKET
Estimated value
$27,285,000
Office buildings
67 Millbrook St Worcester, MA 01606-2835
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-1583060
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
235,155 SF
Lot
11.61 ac (505,731 SF)
Zoning code
MG-2
APN
WORC M:22 B:023 L:00001
UPID
US38-1583060
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
-
SBM Site Services General Contractor
-
Haynes Trucking Inc Trucking Company
-
Avatar Computing, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
M Love & Associates, LLC Accounting Firm Tax Preparation
-
Cecchini Albert N CPA Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.21M
Blend (final)
Blend
$27.29M
Owner & transaction history
Worcester Bus Center LLC · 19 yrs held
Worcester Bus Center LLC
since 2007
7 recorded transactions
Zoning & alternative use
MG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$40.2M
+37.1%
Retail stores
$34.4M
+17.2%
Neighborhood: shopping center
$29.7M
+1.2%
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
OFFICE BUILDING
$29,320,000
Current use
AUTO REPAIR, GARAGE
$40,195,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$34,350,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$29,680,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$28,215,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$25,865,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$23,595,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$27.29M
Range $24.56M – $30.01M · ±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
$116 / 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
$620,272
Tax year 2024
Assessed value
$20,648,200
Assessed 2024
Previous assessed
$20,648,200
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$5,265,500
Assessed improvement
$15,382,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Buildings
1
Stories
5
Total area
235,155 SF
Lot
11.61 ac (505,731 SF)
Zoning code
MG-2
APN
WORC M:22 B:023 L:00001
UPID
US38-1583060
Jurisdiction
WORCESTER
Zoning & alternative use
MG-2 · Worcester, MA
Zoning MG-2 · permitted uses
MG-2 · 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
OFFICE BUILDING Current
Est. value
$29.3M
AUTO REPAIR, GARAGE
Est. value
$40.2M
RETAIL STORES
Est. value
$34.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.2M
COMMERCIAL (GENERAL)
Est. value
$25.9M
WAREHOUSE, STORAGE
Est. value
$23.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Stories
5
Buildings
1
Lot
11.61 ac
Current owner
From public records · entity-resolved
Worcester Bus Center LLC
Entity
Mailing address
36 WASHINGTON ST STE #390, WELLESLEY HILLS, MA 02481-1932
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2007
$10,440,000
Worcester Bus Center LLC
Concord Fire House LP
Grant Deed
$16,950,000 · Capmark Cdf Sub LLC
Dec 8, 2004
—
Worcester Millbrook LLC
—
Deed Of Trust
related
$685,000 · Country Bank
Jun 22, 2004
—
Concord Fire House LP
—
Deed Of Trust
related
$500,000 · Country Bank
Jan 29, 2004
—
Concord Fire House LP
—
Deed Of Trust
related
$6,770,000 · Country Bank
Dec 30, 2003
$600,000
Concord Fire House LP
Worcester Millbrook LLC
Grant Deed
—
Oct 24, 2001
—
Worc Millbrook LLC
—
Deed Of Trust
related
$6,700,000 · Commerce Bank & Trust
Apr 7, 1999
$1,200,000
Worcester Millbrook Lc
Mountsan LP
Grant Deed
—
Apr 7, 1999
—
Worc Millbrook LLC
—
Deed Of Trust
related
$3,500,000 · Andover Bank
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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