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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
891 Main St Worcester, MA 01610-1417
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0201723
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1892
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,077 SF
Lot
0.36 ac (15,706 SF)
Zoning code
BL-1
APN
WORC M:06 B:035 L:00027
UPID
US38-0201723
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
-
LATIN MEATS Take-out & Catering Butcher
-
Main Taqueria Restaurant
-
Gourmet Basket Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$510k
Owner & transaction history
Kwee Real Estate Inv LLC · 13 yrs held
Kwee Real Estate Inv LLC
since 2012
6 recorded transactions
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$525,000
+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
$350,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
RETAIL STORES
$450,000
Current use
AUTO REPAIR, GARAGE
$525,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$390,000
Change: -14% · Conversion: Moderate
OFFICE BUILDING
$385,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$166 / 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
$13,755
Tax year 2024
Assessed value
$457,900
Assessed 2024
Previous assessed
$378,800
+20.9% YoY
Effective rate
3.00%
On assessed value
Assessed land
$246,400
Assessed improvement
$211,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1892
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
3,077 SF
Lot
0.36 ac (15,706 SF)
Zoning code
BL-1
APN
WORC M:06 B:035 L:00027
UPID
US38-0201723
Jurisdiction
WORCESTER
Zoning & alternative use
BL-1 · Worcester, MA
Zoning BL-1 · permitted uses
BL-1 · 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
$450,000
AUTO REPAIR, GARAGE
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$390,000
OFFICE BUILDING
Est. value
$385,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1892
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Kwee Real Estate Inv LLC
Entity
Mailing address
66 HITCHCOCK RD APT #1, WORCESTER, MA 01603-3020
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2012
$300,000
Kwee Real Estate Inv LLC
Ht Homesite LLC
Grant Deed
—
Nov 13, 2012
—
Kwee Real Estate Inv LLC
—
Deed Of Trust
related
$200,000 · Newton Loans LLC
Aug 27, 2010
$330,000
Ht Homesite LLC
Levine,raymond A
Grant Deed
$231,000 · Fidelity Cp Bank
Aug 20, 2010
$1
Raymond A Levine
Levine,raymond A
Grant Deed
related
—
Aug 19, 2002
—
Raymond A Levine
—
Deed Of Trust
related
$92,503 · Commerce Bank & Trust
Jun 12, 1992
—
Raymond A Levine
—
Deed Of Trust
related
$150,000 · Commerce Bank & Trust
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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