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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office Spaces
997 Millbury St 5 Worcester, MA 01607-2105
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-2161415
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1900
Total area
2,400 SF
Zoning code
343
APN
WORC M:10 B:038 L:997-5
UPID
US38-2161415
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
-
Eagle Cleaning Corporation Carpet Cleaning Service Floor Refinishing Service
-
Environmental Compliance Services, Inc. Environmental Consultant Asbestos Testing Service
-
Jo Ann Warren Studio Training Center
-
GIA Home Care Services LLC Adult Foster Care Service Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Gia Homecare Services LLC · 3 yrs held
Gia Homecare Services LLC
since 2022
Last sale
$848,000
1 recorded transaction
Zoning & alternative use
343 · 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
Method
Estimation
Statistic approach
$695,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$605,000
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $848k (Oct 3 2022)
Last sale anchor
$848k
Oct 3 2022
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
$313 / 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
$8,282
Tax year 2024
Assessed value
$275,700
Assessed 2024
Previous assessed
$285,200
-3.3% YoY
Effective rate
3.00%
On assessed value
Assessed improvement
$275,700
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
3
Total area
2,400 SF
Zoning code
343
APN
WORC M:10 B:038 L:997-5
UPID
US38-2161415
Jurisdiction
WORCESTER
Zoning & alternative use
343 · Worcester, MA
Zoning 343 · permitted uses
343 · 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
1900
Heating
NONE
Stories
3
Buildings
1
Current owner
From public records · entity-resolved
Gia Homecare Services LLC
Entity
Mailing address
997 MILLBURY ST #4, WORCESTER, MA 01607-2105
Ownership since
2022
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 3, 2022
$848,000
Gia Homecare Services LLC
Chc Ranger LLC
Quit Claim Arm's Length For Ne States
$678,400 · Fidelity Cooperative 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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