New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Banks
109 Main St, Gloucester, MA 01930-5701
Individually Owned
28-yr Hold
Free & Clear
Property ID
US38-1089870
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1860
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,468 SF
Lot
0.22 ac (9,758 SF)
Zoning code
CB
APN
GLOU M:0007 B:0047 L:0000
UPID
US38-1089870
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
-
Manchester Essex Education Fund High School Vocational School
-
Cape Ann Savings Bank Bank Loan Service
-
Cape Ann Savings Bank Branch and ATM Bank Loan Service
-
Fantasia Glass Art Interior Design Home Decor Store
-
Cape Ann Savings Trust & Financial Services Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.35M
Owner & transaction history
Ann Sb Cape · 28 yrs held
Ann Sb Cape
since 1997
7 recorded transactions
Zoning & alternative use
CB · Gloucester, 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 Gloucester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gloucester 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
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10%
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
$60 / 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
$41,354
Tax year 2024
Assessed value
$4,114,800
Assessed 2024
Previous assessed
$4,114,800
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$415,700
Assessed improvement
$3,699,100
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1860
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Bathrooms
2
Total area
22,468 SF
Lot
0.22 ac (9,758 SF)
Zoning code
CB
APN
GLOU M:0007 B:0047 L:0000
UPID
US38-1089870
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Gloucester, MA
Zoning CB · permitted uses
CB · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gloucester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1860
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ann Sb Cape
Individual
Free & Clear · 28 yrs held
Mailing address
109 MAIN ST, GLOUCESTER, MA 01930-5701
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2010
—
Jill L Frontiero
—
Deed Of Trust
related
$100,000 · Cape Ann Savings Bank
May 31, 2000
—
Raymond G Greene
—
Deed Of Trust
related
$80,000 · Cape Ann Savings Bank
Dec 29, 1999
—
Jeremy D Heussi
—
Deed Of Trust
related
$15,000 · Cape Ann Savings Bank
Sep 9, 1997
$50,000
Ann Sb Cape
Williams,harold M JR
Grant Deed
—
Aug 30, 1995
$225,000
Burdett Hesperus Av RT
Chapin,william Ar
Grant Deed
—
Jun 6, 1994
$78,000
Ann Sb Cape
Elheneidy,georganna
Grant Deed
—
Mar 3, 1994
$140,000
Ann Sb Cape
Crivello RT
Grant Deed
—
Dec 24, 1992
$400,000
Ann Sb Cape
Brown,david E
Grant Deed
—
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 109 Main 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.
