Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$24,120,000
Office buildings
90 Frnt St Worcester, MA 01608-1403
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0466233
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
STEEL FRAME
Total area
218,422 SF
Lot
2.85 ac (124,146 SF)
Zoning code
BG-6
APN
WORC M:02 B:23B L:0000F
UPID
US38-0466233
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.60M
Blend (final)
Blend
$24.12M
Owner & transaction history
Front Street Associate · 10 yrs held
Front Street Associate
since 2015
1 recorded transaction
Zoning & alternative use
BG-6 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$37.3M
+37.1%
Retail stores
$31.9M
+17.2%
Neighborhood: shopping center
$27.6M
+1.2%
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
OFFICE BUILDING
$27,235,000
Current use
AUTO REPAIR, GARAGE
$37,335,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$31,905,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$27,565,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$26,205,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$24,025,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$21,915,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$24.12M
Range $21.71M – $26.53M · ±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
$110 / 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
$510,869
Tax year 2024
Assessed value
$17,006,300
Assessed 2024
Previous assessed
$16,800,600
+1.2% YoY
Effective rate
3.00%
On assessed value
Assessed land
$4,279,000
Assessed improvement
$12,727,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
2
Total area
218,422 SF
Lot
2.85 ac (124,146 SF)
Zoning code
BG-6
APN
WORC M:02 B:23B L:0000F
UPID
US38-0466233
Jurisdiction
WORCESTER
Zoning & alternative use
BG-6 · Worcester, MA
Zoning BG-6 · permitted uses
BG-6 · 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
OFFICE BUILDING Current
Est. value
$27.2M
AUTO REPAIR, GARAGE
Est. value
$37.3M
RETAIL STORES
Est. value
$31.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.2M
COMMERCIAL (GENERAL)
Est. value
$24.0M
WAREHOUSE, STORAGE
Est. value
$21.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1960
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Buildings
1
Lot
2.85 ac
Current owner
From public records · entity-resolved
Front Street Associate
Individual
Mailing address
100 FRNT ST #170, WORCESTER, MA 01608-1425
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2015
$24,500,000
Front Street Associate
Worcester Renaissance
Quit Claim Arm's Length For Ne States
$38,091,737 · Wells Fargo Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 90 Frnt St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
