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    Property profile & analytics

    1 T Wharf Rockport, MA 01966-1668

    • Turn key restaurants
    • 2,566 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $730,000
    Last Sale
    Aug 31, 2021
    $600,000
    Location Intelligence
    Property ID
    US38-0479766
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1 T Wharf

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.07 lot acres
    Property size
    2,566 SF
    Zone code
    GD
    Property type
    Turn key restaurants
    APN
    ROCK M:36 B:31
    APU
    ROCKM36B31

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $760,000

    • CAP approach

      CAP return
      Estimation
      6%
      $600,000
      6.5%
      $615,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $625,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $585,000
      Mixed-Use
      $685,000
      Hospitality
      $635,000
      Educational
      $720,000
      Residential Income
      $705,000
      Energy
      $705,000
      Income-Based Land
      $755,000
      Food Service
      $615,000

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.6157
    Latitude
    42.658
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,951
    $597,500
    $228,000
    $825,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      248 SF

      14 Bearskin Nck

      RESTAURANT • 248 SF
      14 Bearskin Nck, Rockport, MA 01966-1653
      View Details
    • Value Estimation
      $525,000
      594 SF

      15 Mt Pleasant St

      RESTAURANT • 594 SF
      15 Mt Pleasant St, Rockport, MA 01966-1612
      View Details
    • Value Estimation
      $535,000
      682 SF

      18 Bch St

      RESTAURANT • 682 SF
      18 Bch St, Rockport, MA 01966-1341
      View Details
    • Value Estimation by Request
      1,376 SF

      35 Main St

      RESTAURANT • 1,376 SF
      35 Main St, Rockport, MA 01966-1512
      View Details
    • Value Estimation
      $220,000
      3,682 SF

      17 Railroad Ave

      RESTAURANT • 3,682 SF
      17 Railroad Ave, Rockport, MA 01966-1463
      View Details
    • Value Estimation
      $440,000
      2,340 SF

      329 Granite St

      RESTAURANT • 2,340 SF
      329 Granite St, Rockport, MA 01966-1006
      View Details

    Similar Nearby for Sale

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      0.03 Acres

      Harborfront Multi-Unit Investment

      Prime Rockport Village location, high rental income.
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      View Details
    • $774,000

      Rockport Two-Family Coastal Residence

      Two-unit property near Rockport's attractions, ideal for owners or investors.
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      View Details
    • $2,000,000
      4,174 SF

      Rockport Motel Near Beach

      14-unit motel with recent renovations and strong location.
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      View Details
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    1 T Wharf
    Rockport, MA 01966-1668
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    Realmo Value Estimation

    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.

    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.

    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
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