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Property profile & analytics
OFF-MARKET
Showrooms
9 Halmstad St, Worcester, MA 01607-1777
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1717584
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,637 SF
Lot
0.63 ac (27,442 SF)
Zoning code
BL-1
APN
WORC M:10 B:025 L:22+23
UPID
US38-1717584
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
-
Keating Enterprises Inc Landscaping General Contractor
-
Baystate Family Dental Dental Office
-
Dr. Sami E. Nassar, DDS Dental Office
-
Sitec Inc Civil Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
9 Halmstad Street RT · 2 yrs held
9 Halmstad Street RT
since 2024
7 recorded transactions
Zoning & alternative use
BL-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,632
Tax year 2024
Assessed value
$487,100
Assessed 2024
Previous assessed
$487,100
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$255,600
Assessed improvement
$231,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
2
Units
2
Total area
7,637 SF
Lot
0.63 ac (27,442 SF)
Zoning code
BL-1
APN
WORC M:10 B:025 L:22+23
UPID
US38-1717584
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.
Building & site characteristics
From public records
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Buildings
1
Units
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
9 Halmstad Street RT
Individual
Mailing address
983 PLEASANT ST, WORCESTER, MA 01602-1933
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
9 Halmstad Street RT
—
Deed
related
$632,600 · Millbury National Bank
May 31, 2024
—
9 Halmstad Street RT
Michael J Keating
Quit Claim Deed
related
—
Apr 27, 2018
—
Michael J Keating
—
Deed
related
$616,000 · Millbury Savings Bank
Sep 26, 2008
—
Frances Keating
—
Deed Of Trust
related
$30,000 · Millbury Savings Bank
Jun 19, 2006
—
Frances Keating
—
Deed Of Trust
related
$25,000 · Millbury Savings Bank
Nov 12, 2004
—
Michael J Keating
—
Deed Of Trust
related
$245,000 · Millbury Savings Bank
Nov 12, 2004
$1
Michael J Keating
Keating Realty LLC
Grant Deed
related
—
Feb 6, 2002
—
Keating Realty LLC
—
Deed Of Trust
related
$165,000 · Millbury Savings Bank
Apr 20, 1990
—
Michael J Keating
—
Deed Of Trust
related
$142,000 · Millbury Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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