New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Hotels
10 Gay St, Nantucket, MA 02554-3650
Entity Owned
5-yr Hold
Property ID
US38-2445429
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1833
Total area
4,196 SF
Lot
0.1 ac (4,356 SF)
Zoning code
ROH
APN
NANT M:04234 P:00014
UPID
US38-2445429
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
-
Sherburne Inn by Nantucket Resort Collection Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
10 Gay Street LLC · 5 yrs held
10 Gay Street LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
ROH · Nantucket, 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 Nantucket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nantucket 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
$3,110,000
ML approach
$3,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10% · vs last sale $2.90M (Jun 28 2021)
Last sale anchor
$2.90M
Jun 28 2021
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
$717 / 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
$19,462
Tax year 2024
Assessed value
$3,672,100
Assessed 2024
Previous assessed
$3,118,800
+17.7% YoY
Effective rate
0.53%
On assessed value
Assessed land
$945,900
Assessed improvement
$2,726,200
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1833
Heating
HOT WATER
Buildings
1
Stories
2
Units
8
Bathrooms
9
Total area
4,196 SF
Lot
0.1 ac (4,356 SF)
Zoning code
ROH
APN
NANT M:04234 P:00014
UPID
US38-2445429
Jurisdiction
NANTUCKET
Zoning & alternative use
ROH · Nantucket, MA
Zoning ROH · permitted uses
ROH · Nantucket, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nantucket. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1833
Heating
HOT WATER
Stories
2
Buildings
1
Units
8
Bathrooms
9
Lot
0.1 ac
Current owner
From public records · entity-resolved
10 Gay Street LLC
Entity
Mailing address
1140 RESERVOIR AVE, CRANSTON, RI 02920-6032
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
10 Gay Street LLC
—
Deed
related
$28,000,000 · Beacon Bank & Trust
Sep 21, 2021
—
10 Gay St LLC
—
Deed
related
$2,550,000 · Berkshire Bank
Jun 28, 2021
$2,900,000
10 Gay Street LLC
C Radcliffe LLC
Quit Claim Arm's Length For Ne States
$1,960,000 · Emerald Capital Lending III LLC
May 26, 2015
$2,350,000
C Radcliffe LLC
Sherburne Investments
Quit Claim Arm's Length For Ne States
$1,762,500 · Hingham Institution For Savings
Apr 1, 2008
$2,525,000
Sherburne Investments LLC
Hamilton,susan
Grant Deed
$1,950,000 · Nantucket Savings Bank
Dec 24, 2001
—
Susan K Gasparch
—
Deed Of Trust
related
$340,000 · Fleet National Bank
Jun 30, 2000
—
Dale Hamilton
—
Deed Of Trust
related
$800,000 · Nantucket Savings Bank
Mar 2, 1994
$600,000
Susan K Gasparich
Belcher,david F
Grant Deed
$375,000 · Zenon Grzybowski
Dec 13, 1991
$420,000
David Belcher
Gay Head RT
Grant Deed
$170,000 · Nantucket Savings Bank
May 19, 1988
$550,000
Gay St. RT
Burke,regina S
Grant Deed
$385,000 · Progressive Cnsmr FCU
Feb 4, 1988
—
Regina S Burke
—
Deed Of Trust
related
$25,000 · Pacific Natl Bk Nant
Dec 28, 1987
—
Regina S Burke
—
Deed Of Trust
related
$50,000 · Liberty Bank & Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10 Gay St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
