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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Investment properties
1091 Washington St Gloucester, MA 01930-1141
Individually Owned
6-yr Hold
Property ID
US38-0235952
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
1,756 SF
Lot
0.1 ac (4,514 SF)
Zoning code
VB
APN
GLOU M:0154 B:0068 L:0000
UPID
US38-0235952
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
-
Law Offices of John F. Sommerstein Law Firm Financial Advisor
-
Northshore Center for Mindfulness - Gloucester MA Counselor Psychologist
-
Michael Bresnan Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$595k
Owner & transaction history
John F Sommerstein · 6 yrs held
John F Sommerstein
since 2020
Last sale
$623,357
6 recorded transactions
Zoning & alternative use
VB · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$450,000
+13.7%
Auto repair, garage
$420,000
+6.0%
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
$600,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$545,000
7%
$510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$395,000
Current use
OFFICE BUILDING
$450,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$420,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$390,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $623k (May 7 2020)
Last sale anchor
$623k
May 7 2020
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
$339 / 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
Assessed value
$510,800
Assessed 2024
Previous assessed
$510,800
+0.0% YoY
Assessed land
$181,000
Assessed improvement
$329,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Bathrooms
3
Total area
1,756 SF
Lot
0.1 ac (4,514 SF)
Zoning code
VB
APN
GLOU M:0154 B:0068 L:0000
UPID
US38-0235952
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
VB · Gloucester, MA
Zoning VB · permitted uses
VB · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$395,000
OFFICE BUILDING
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$420,000
RETAIL STORES
Est. value
$390,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Bathrooms
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
John F Sommerstein
Individual
Mailing address
1091 WASHINGTON ST, GLOUCESTER, MA 01930-1141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2020
$623,357
John F Sommerstein
1091 Washington St LLC
Quit Claim Arm's Length For Ne States
$250,000 · Members Mortgage Company INC
Dec 5, 2011
$372,000
1091 Washington St LLC
Ankeny-beauchamp,kurt C
Grant Deed
—
Jun 26, 2009
—
Jennifer Beauchamp-ankeny
—
Deed Of Trust
related
$376,000 · Salem Five Mortgage Corp
Aug 29, 2007
$377,000
Kurt C Ankeny-beauchamp
Bonaventura,andrew
Grant Deed
$377,000 · Salem Five Mortgage Corp
Oct 21, 1988
$205,000
Patricia Dellorusso
Kizevich,merry
Grant Deed
$115,000 · First National Bank Ipswch
May 2, 1988
$195,000
Merry L Kizevich
Morse,paul J
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.
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