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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Manufacturing properties
982 Southbridge St Worcester, MA 01610-2219
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-0419683
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,541 SF
Lot
0.99 ac (43,182 SF)
Zoning code
MG-2
APN
WORC M:26 B:018 L:00071
UPID
US38-0419683
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
-
Sjogren Industries, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.51M
Owner & transaction history
Sjogren Lowell Realty LLC · 1 yrs held
Sjogren Lowell Realty LLC
since 2025
7 recorded transactions
Zoning & alternative use
MG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+37.9%
Office building
$2.2M
+36.2%
Apartment house (5+ units)
$2.1M
+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)
$1,605,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,215,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$2,185,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,105,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,760,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$20,986
Tax year 2024
Assessed value
$698,600
Assessed 2024
Previous assessed
$635,100
+10.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$114,600
Assessed improvement
$584,000
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
2
Units
1
Total area
17,541 SF
Lot
0.99 ac (43,182 SF)
Zoning code
MG-2
APN
WORC M:26 B:018 L:00071
UPID
US38-0419683
Jurisdiction
WORCESTER
Zoning & alternative use
MG-2 · Worcester, MAZoning MG-2 · permitted uses
MG-2 · Worcester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Buildings
1
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Sjogren Lowell Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
982 SOUTHBRIDGE ST, WORCESTER, MA 01610-2219
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
—
Sjogren Lowell Realty LLC
—
Deed
related
$1,250,000 · Clinton Savings Bank
Apr 28, 2025
$1,705,000
Sjogren Lowell Realty LLC
Sjogren Realty LLC
Deed
—
Jul 29, 2010
$550,000
Sjogren Realty LLC
Suzan Realty LLC
Grant Deed
$412,500 · Nuvo Bank & Trust Co
Sep 12, 2008
$1
Suzan Realty LLC
Suzan P Athanas T
Grant Deed
—
Apr 29, 2004
—
P Athanas T Suzan
—
Deed Of Trust
related
$350,000 · Flagship Bank & Trust
Sep 8, 1999
—
Suzan Athanas T 1989
—
Deed Of Trust
related
$400,000 · Family Bank
Apr 5, 1994
—
Suzan Athanas T 1989
—
Deed Of Trust
related
$100,000 · Worc County Inst Savings
Jun 21, 1988
—
Theodore P Athanas
—
Deed Of Trust
related
$150,000 · Shawmut Worc Cnty Bk
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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