New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,275,000
Hotels
11 Water St, Nantucket, MA 02554-3521
Entity Owned
2-yr Hold
Property ID
US38-0094046
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1838
Total area
6,692 SF
Lot
0.17 ac (7,405 SF)
Zoning code
ROH
APN
NANT M:04242 P:00054-1
UPID
US38-0094046
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
-
Brass Lantern Inn Bed & Breakfast Restaurant
-
Veronica Beard Nantucket Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.06M
Blend (final)
Blend
$7.28M
Owner & transaction history
11 North Water St LLC · 2 yrs held
11 North Water St LLC
since 2023
Last sale
$7.5M
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
$7,110,000
ML approach
$7,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.28M
Range $6.55M – $8.00M · ±10% · vs last sale $7.52M (Dec 13 2023)
Last sale anchor
$7.52M
Dec 13 2023
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
$1,087 / 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
$30,442
Tax year 2024
Assessed value
$5,743,700
Assessed 2024
Previous assessed
$5,743,700
+0.0% YoY
Effective rate
0.53%
On assessed value
Assessed land
$1,224,300
Assessed improvement
$4,519,400
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
1838
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
17
Bathrooms
16
Total area
6,692 SF
Lot
0.17 ac (7,405 SF)
Zoning code
ROH
APN
NANT M:04242 P:00054-1
UPID
US38-0094046
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
1838
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
17
Bathrooms
16
Lot
0.17 ac
Current owner
From public records · entity-resolved
11 North Water St LLC
Entity
Mailing address
11 N WATER ST, NANTUCKET, MA 02554-3521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
$7,515,000
11 North Water St LLC
Challdam LLC
Quit Claim Arm's Length For Ne States
$5,265,332 · Harborone Bank
Dec 13, 2023
—
Challdam LLC
Brass Lantern LLC
Quit Claim Deed
related
—
May 12, 2010
—
Brass Lantern LLC
—
Deed Of Trust
related
$2,000,000 · Hingham Institute For Savings
Apr 20, 2006
—
Brass Lantern LLC
—
Deed Of Trust
related
$1,850,000 · Sovereign Bank
Aug 20, 2001
—
Brass Lantern LLC
—
Deed Of Trust
related
$1,900,000 · Fleet National Bank
May 11, 1992
—
31 India Assocs LP
—
Deed Of Trust
related
$825,221 · Connecticut National Bank
Dec 22, 1987
—
Benoit W Garneau
—
Deed Of Trust
related
$165,000 · Harbor Funding Corp
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 11 Water 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.
