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Property profile & analytics
OFF-MARKET
Estimated value
$5,535,000
Manufacturing properties
7 Coppage Dr Worcester, MA 01603-1252
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0414318
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
64,040 SF
Lot
16.5 ac (718,740 SF)
Zoning code
A-1
APN
WORC M:56 B:INX L:0000H
UPID
US38-0414318
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
-
BlueHive Exhibits Construction Company
-
Trigon Creative Advertising Agency Marketing & Advertising
-
Continental Woodcraft Industrial Manufacturer
-
Lime Labor Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.39M
Blend (final)
Blend
$5.54M
Owner & transaction history
C&m RT · 6 yrs held
C&m RT
since 2020
5 recorded transactions
Zoning & alternative use
A-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the A-1 is the promotion of airport and related uses
Zone name
Airport
General category
SPECIAL
Zone area
835.12 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$8.1M
+37.9%
Office building
$8.0M
+36.2%
Apartment house (5+ units)
$7.7M
+31.1%
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
INDUSTRIAL (GENERAL)
$5,860,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,080,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$7,985,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,685,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,045,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$5.54M
Range $4.98M – $6.09M · ±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
$86 / 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
$109,700
Tax year 2024
Assessed value
$3,651,800
Assessed 2024
Previous assessed
$3,043,200
+20.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$584,800
Assessed improvement
$3,067,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
2
Total area
64,040 SF
Lot
16.5 ac (718,740 SF)
Zoning code
A-1
APN
WORC M:56 B:INX L:0000H
UPID
US38-0414318
Jurisdiction
WORCESTER
Zoning & alternative use
A-1 · Worcester, MAZoning A-1 · permitted uses
A-1 · Worcester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the A-1 is the promotion of airport and related uses
Zone name
Airport
General category
SPECIAL
Zone area
835.12 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
OFFICE BUILDING
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
1
Lot
16.5 ac
Current owner
From public records · entity-resolved
C&m RT
Individual
Mailing address
7 COPPAGE DR, WORCESTER, MA 01603-1252
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jul 9, 2020
—
C&m RT
—
Deed
related
$1,500,000 · Cornerstone Bank
Jun 2, 2017
—
C&m RT
—
Deed
related
$1,490,000 · Spencer Savings Bank Sla
Apr 8, 1997
—
C RT
—
Deed Of Trust
related
$867,000 · Worc Business Dev
Jul 1, 1996
—
C RT
—
Deed Of Trust
related
$840,000 · Flagship Bank & Trust
Jul 27, 1995
—
Nubar RT
—
Deed Of Trust
related
$1,100,000 · Metlife Capital 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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