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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Investment properties
99 Central St Worcester, MA 01605-3171
Entity Owned
1-yr Hold
Property ID
US38-2358582
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
5,920 SF
Lot
0.14 ac (5,883 SF)
Zoning code
RG-5
APN
WORC M:16 B:014 L:00016
UPID
US38-2358582
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
$578k
Blend (final)
Blend
$720k
Owner & transaction history
Howla & Mowla LLC · 1 yrs held
Howla & Mowla LLC
since 2024
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
RG-5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+34.2%
Retail stores
$865,000
+14.7%
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
COMMERCIAL (GENERAL)
$755,000
Current use
AUTO REPAIR, GARAGE
$1,010,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$865,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: -2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $925k (Jul 25 2024)
Last sale anchor
$925k
Jul 25 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
$122 / 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
Assessed value
$614,900
Assessed 2024
Previous assessed
$658,400
-6.6% YoY
Assessed land
$120,600
Assessed improvement
$494,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
5,920 SF
Lot
0.14 ac (5,883 SF)
Zoning code
RG-5
APN
WORC M:16 B:014 L:00016
UPID
US38-2358582
Jurisdiction
WORCESTER
Zoning & alternative use
RG-5 · Worcester, MA
Zoning RG-5 · permitted uses
RG-5 · 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
COMMERCIAL (GENERAL) Current
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
OFFICE BUILDING
Est. value
$740,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1920
Construction
FRAME
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Howla & Mowla LLC
Entity
Mailing address
45 HARVARD ST, NATICK, MA 01760-3536
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
Howla & Mowla LLC
—
Deed
related
$647,500 · Rockland Trust Co
Oct 25, 2024
$925,000
Howla & Mowla LLC
Goodman Prop Holdings LLC
Deed
—
Dec 30, 2020
—
Goodman Prop Holdings
—
Deed
related
$560,000 · Peoples Cu
Dec 11, 2019
$625,000
Goodman Prop Hldgs
Maruca A
Quit Claim Deed
$468,750 · Peoples Cu
May 10, 2019
—
A Maruca
—
Deed
related
$28,350 · Harvard Funding LLC
Jun 22, 2018
—
A Maruca
—
Deed
related
$55,000 · Harvard Fndg LLC
Oct 14, 2016
—
Maruca,a & B Trust
—
Deed
related
$75,000 · Bernard Dow
Feb 10, 2012
$1
A RT
Maruca,anthony F
Grant Deed
related
—
Apr 24, 2006
$1
Anthony F Maruca
103 E Central St Maruc Ft
Grant Deed
—
Apr 24, 2006
—
Anthony F Maruca
—
Deed Of Trust
related
$300,000 · Greenpoint Mortgage Funding
Jan 4, 2001
$175,000
Centr St Maruca T 103e
Dargenis,joan M
Grant Deed
$145,000 · Zenon Grzybowski
—
—
A Maruca
—
Deed Of Trust
related
$28,350 · Harvard Funding LLC
—
—
Maruca,a & B Trust
—
Deed Of Trust
related
$75,000 · Bernard Dow
—
—
A Maruca
—
Deed Of Trust
related
$55,000 · Harvard Fndg LLC
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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