Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Rogers St Gloucester, MA 01930

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three-story, 6,500+ SF building with period features and harbor views.

    Property size:
    8,010 SF

    Property Features for 16 Rogers St

    General Information

    Standard status
    Active
    Size
    8,010 SF

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Ann Rick Gloucester Group
    Source: Corcoran

    Listing Agent: Ann Rick Gloucester Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Gloucester Building with Harbor Views

    This post-and-beam building, constructed around 1900, offers on-street visibility and overlooks Gloucester Harbor. The three-story structure encompasses over 6,500 square feet and retains period features such as original random width flooring, barn doors, and soaring ceilings. The property offers flexibility for refurbishment or full restoration, accommodating individual floors, separate businesses, or the entire building. Zoned CB, the property has a business rental history. On-street parking is available. The property, with a size of 8,010 square feet, is suitable for contractors, developers, and investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Restoration Works Home Decor Store Jeff Weaver Fine ... Art Gallery

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Audrey's Flower Shop, Sage Floral Studio

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.6650557
    Latitude
    42.6117703

    Nearby Similar for Sale

    • $325,000
      0.06 Acres

      East Gloucester Commercial Condo Opportunity

      Commercial condo in East Gloucester with potential for various uses.
      197 E Main 1, Gloucester, MA 01930
      View Details
    • $3,100,000
      4,845 SF

      Iconic Waterfront Restaurant and Residence

      Established restaurant and waterfront residence in historic Rocky Neck art colony.
      73 Rocky Nck Ave 1&2, Gloucester, MA 01930
      View Details
    • $1,500,000
      3,085 SF

      Iconic Waterfront Restaurant Opportunity

      Established restaurant with deep-water boat slips in historic Rocky Neck.
      73 Rocky Nck Ave 1, Gloucester, MA 01930
      View Details
    • $219,000

      Downtown Gloucester Commercial Space For Sale

      Commercial space in historic Gloucester, suitable for retail or office.
      18 Pleasant St, Gloucester, MA 01930
      View Details
    • Contact for pricing
      18,500 SF

      Retail Plaza Anchored by Dollar General

      Shopping plaza anchored by Dollar General with high clearance.
      7 Whistlestop Way, Gloucester, MA 01930
      View Details
    • $768,000

      Meticulously Maintained Two-Family Home

      Two-family home perfect for multi-generational living or generating income.
      18 Cherry St, Gloucester, MA 01930
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase at 354 Main St.
      354 Main St, Gloucester, MA 01930
      View Details
    • $1,199,000

      Multifamily Property with Expansion Potential

      Multifamily property with plans for additional units.
      52 Taylor St, Gloucester, MA 01930
      View Details
    • Contact for pricing

      Income-Producing Two-Family Home

      Two-family home in desirable Gloucester neighborhood, close to amenities.
      4 Mount Vernon St, Gloucester, MA 01930
      View Details
    • Contact for pricing

      Gloucester Triplex with Parking

      Three units, off-street parking, convenient transportation options.
      119 Pleasant St, Gloucester, MA 01930
      View Details
    • Contact for pricing

      East Gloucester Three-Family Property

      Three-family property in East Gloucester with water views.
      86 East Main St, Gloucester, MA 01930
      View Details
    • Contact for pricing

      Gloucester Two-Family Home

      Two-family home with spacious units and separate utilities.
      78 Grove St, Gloucester, MA 01930
      View Details

    FAQs

    What type of property is this?
    Storefront property - Three-story, 6,500+ SF building with period features and harbor views.
    Where is this storefront property located?
    The property is located at 16 Rogers St Gloucester, MA.
    What are key features of this property?
    This property features: - Great on-street visibility overlooking Gloucester Harbor.; - 6,500+ SF, 3-story building with flexible options for refurbishment or full restoration.; - Zoned CB with an impressive business rental history.
    (978) 282-1315
    Request Owner's contact information
    16 Rogers St Gloucester, MA 01930
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 Rogers St
    Gloucester, MA 01930
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Rogers St Gloucester, MA 01930
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ann Rick Gloucester Group
    (978) 282-1315
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!