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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Commercial real estate
11 Whistlestop Way, Gloucester, MA 01930-2666
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0387538
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2005
Total area
6,014 SF
Zoning code
EB
APN
GLOU M:0024 B:0051 L:0001(A)
UPID
US38-0387538
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
-
Consumer Auto Parts Auto Parts Store
-
Factory Motor Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
2nd Whistlestop Way LLC · 1 yrs held
2nd Whistlestop Way LLC
since 2024
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
EB · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+52.7%
Apartment house (5+ units)
$1.9M
+41.5%
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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
$2,030,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
RESTAURANT
$2,075,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,925,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Oct 1 2024)
Last sale anchor
$3.00M
Oct 1 2024
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
$499 / 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
$9,078
Tax year 2024
Assessed value
$903,300
Assessed 2024
Previous assessed
$903,300
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed improvement
$903,300
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
1
Bathrooms
2
Total area
6,014 SF
Zoning code
EB
APN
GLOU M:0024 B:0051 L:0001(A)
UPID
US38-0387538
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
EB · Gloucester, MA
Zoning EB · permitted uses
EB · 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
RESTAURANT
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
1
Bathrooms
2
Current owner
From public records · entity-resolved
2nd Whistlestop Way LLC
Entity
Mailing address
150 NEWBURYPORT TPKEBUILDI, ROWLEY, MA 01969-2134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
$3,000,000
2nd Whistlestop Way LLC
Braga Ventures Three LLC
Quit Claim Arm's Length For Ne States
$500,000 · Braga Mgmt Team LLC
Jan 29, 2021
—
Braga Vent 3 LLC
—
Deed
related
$1,500,000 · Bank Of New England NA
Dec 24, 2012
—
Braga Ventures 3 LLC
—
Deed Of Trust
related
$360,000 · First Ipswich Bank
Sep 24, 2010
$2,600,000
Braga Ventures 3 LLC
1447 Chapel LLC
Grant Deed
$1,640,000 · Salem Five Cents Savings Bank
Sep 24, 2010
—
Braga Ventures 3 LLC
—
Deed Of Trust
related
$700,000 · 1447 Chapel LLC
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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