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Property profile & analytics
OFF-MARKET
Estimated value
$4,435,000
Turn key restaurants
70 Winter St, Worcester, MA 01604-5042
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-2414445
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
78,048 SF
Lot
0.47 ac (20,434 SF)
Zoning code
326
APN
WORC M:04 B:016 L:00032
UPID
US38-2414445
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
-
bodyMATRIX Fitness Center and Studio Gym & Fitness Center
-
Flash House Studios Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.98M
Blend (final)
Blend
$4.44M
Owner & transaction history
W Lofts RT · 1 yrs held
W Lofts RT
since 2024
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
326 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.44M
Range $3.99M – $4.88M · ±10% · vs last sale $4.60M (Sep 30 2024)
Last sale anchor
$4.60M
Sep 30 2024
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
$57 / 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
$34,543
Tax year 2024
Assessed value
$1,149,900
Assessed 2024
Previous assessed
$914,600
+25.7% YoY
Effective rate
3.00%
On assessed value
Assessed land
$206,600
Assessed improvement
$943,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
1
Stories
5
Total area
78,048 SF
Lot
0.47 ac (20,434 SF)
Zoning code
326
APN
WORC M:04 B:016 L:00032
UPID
US38-2414445
Jurisdiction
WORCESTER
Zoning & alternative use
326 · Worcester, MA
Zoning 326 · permitted uses
326 · 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.
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Buildings
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
W Lofts RT
Individual
Mailing address
70 WINTER ST, WORCESTER, MA 01604-5042
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
$4,600,000
W Lofts RT
Nbtc Holdings LLC
Deed
$3,100,000 · Northern Bank & Trust Co
Dec 30, 2024
$400,000
Mayflower Manor RT
Nbtc Holdings LLC
Deed
$400,000 · Northern Bank & Trust Co
Feb 9, 2024
$4,000,000
Nbtc Holdings LLC
W Lofts Dev LLC Est
Deed
—
Jun 16, 2023
—
Enselim Lineage Irt
Red Brick Courtyard LLC
Quit Claim Deed
related
—
Jul 19, 2021
—
W Lofts Dev LLC
—
Deed
related
$4,140,000 · Northern Bank & Trust Co
Jul 22, 2020
—
W Lofts Condo Assn LLC
—
Deed
related
$430,000 · Raymond C Green & Co INC
Jun 2, 2020
—
Ocean Development Ptnrs
—
Deed
related
$275,000 · Raymond C Green & Co INC
Nov 2, 2018
$420,000
W Lofts Condo Associat
Raymond C Green T
Deed
$2,550,000 · Raymond C Green & Co
Nov 2, 2018
$1,580,000
W Lofts Condo Associat
Harding Street LLC
Deed
$1,700,000 · Raymond C Green & Co
Mar 1, 2006
—
Red Brick Courtyard LLC
—
Deed Of Trust
related
$1,600,000 · Jeffrey S Rodman Tr
Aug 17, 2005
—
Red Brick Courtyard LLC
—
Deed Of Trust
related
$1,600,000 · Jeffrey S Rodman
May 13, 2005
—
Red Brick Courtyard LLC
—
Deed Of Trust
related
$270,000 · Jeffrey S Rodman
Mar 2, 2005
—
Red Brick Courtyard LLC
—
Deed Of Trust
related
$1,000,000 · Jeffrey S Rodman
Jan 14, 2005
—
Red Brick Courtyard LLC
—
Deed Of Trust
related
$100,000 · Sunward Manor LLC
Feb 3, 2004
—
Red Brick Courtyard LLC
—
Deed Of Trust
related
$525,000 · Sunward Manor LLC
Jun 12, 2003
—
Red Brick Courtyard LLC
—
Deed Of Trust
related
$140,000 · Paul A Saleba
May 16, 2003
—
Red Brick Courtyard LLC
—
Deed Of Trust
related
$125,000 · Pellesley Capital Cor
Oct 16, 2002
—
Balbek Dev LLC
—
Deed Of Trust
related
$900,000 · Webster First FCU
Jan 18, 2002
—
Brick Courtyardllc Red
—
Deed Of Trust
related
$650,000 · Webster First FCU
Nov 13, 2001
$250,000
Brick Courtyard Lc Red
Ory,james D
Grant Deed
$250,000 · Zwi Kohorn
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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