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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Investment properties
687 Millbury St Worcester, MA 01607-1061
Entity Owned
8-yr Hold
Property ID
US38-1154212
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2007
Construction
FRAME
Total area
10,582 SF
Lot
0.33 ac (14,474 SF)
Zoning code
BG-2
APN
WORC M:10 B:013 L:24-26
UPID
US38-1154212
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
-
Pro Bird Control Worcester Bird Control Service Pest Control Service
-
Olu's Barber & Beauty Salon Hair Salon Nail Salon
-
Exotic Nails Salon Nail Salon
-
Anokye Krom Restaurant
-
George Floyd Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.23M
Owner & transaction history
S & F Shaikh Realty LLC · 8 yrs held
S & F Shaikh Realty LLC
since 2018
5 recorded transactions
Zoning & alternative use
BG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+55.4%
Retail stores
$1.5M
+32.8%
Neighborhood: shopping center
$1.3M
+14.8%
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
COMMERCIAL (GENERAL)
$1,165,000
Current use
AUTO REPAIR, GARAGE
$1,810,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$1,545,000
Change: +33% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,335,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,320,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,270,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,060,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
Assessed value
$1,295,400
Assessed 2024
Previous assessed
$1,377,200
-5.9% YoY
Assessed land
$134,500
Assessed improvement
$1,160,900
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
Off-Market
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
9
Total area
10,582 SF
Lot
0.33 ac (14,474 SF)
Zoning code
BG-2
APN
WORC M:10 B:013 L:24-26
UPID
US38-1154212
Jurisdiction
WORCESTER
Zoning & alternative use
BG-2 · Worcester, MA
Zoning BG-2 · permitted uses
BG-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
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
9
Lot
0.33 ac
Current owner
From public records · entity-resolved
S & F Shaikh Realty LLC
Entity
Mailing address
135 WINCHESTER RD, ARLINGTON, MA 02474-2034
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2018
$1,250,000
S & F Shaikh Realty LLC
Huys Blackstoneinc
Quit Claim Deed
$1,000,000 · Pawtucket Cu
Mar 14, 2013
—
Huys Blackstone INC
—
Deed Of Trust
related
$200,000 · Mangal Patel
Sep 15, 2008
—
Huys Blackstone INC
—
Deed Of Trust
related
$882,000 · Spencer Savings Bank Sla
Mar 1, 2007
—
Huys Blackstone INC
—
Deed Of Trust
related
$696,000 · Spencer Savings Bank Sla
Oct 6, 2006
$245,000
Huys Blackstone INC
Drake Petroleum Co INC
Grant Deed
$200,000 · Drake Petroleum INC
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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