Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Investment properties
12 Ctr St Provincetown, MA 02657-2310
Individually Owned
~
Est. High Equity
Property ID
US38-1843204
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1850
Construction
FRAME
Total area
2,720 SF
Lot
0.14 ac (5,881 SF)
Zoning code
TCC
APN
PROV M:12-1 P:131
UPID
US38-1843204
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.30M
Owner & transaction history
Robert L Porell
Robert L Porell
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
TCC · Provincetown, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for dense commercial development in the downtown area consistent with the historic village character and pedestrian environment.
Zone name
Town Center Commercial
General category
COMMERCIAL
Zone area
67.97 ac
Source
Realmo
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 Provincetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Provincetown 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.55M (Jun 19 2025)
Last sale anchor
$2.55M
Jun 19 2025
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
$846 / 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
$2,287,100
Assessed 2024
Previous assessed
$2,287,100
+0.0% YoY
Assessed land
$515,600
Assessed improvement
$1,771,500
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
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
1
Rooms
11
Bathrooms
8
Total area
2,720 SF
Lot
0.14 ac (5,881 SF)
Zoning code
TCC
APN
PROV M:12-1 P:131
UPID
US38-1843204
Jurisdiction
PROVINCETOWN
Zoning & alternative use
TCC · Provincetown, MAZoning TCC · permitted uses
TCC · Provincetown, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for dense commercial development in the downtown area consistent with the historic village character and pedestrian environment.
Zone name
Town Center Commercial
General category
COMMERCIAL
Zone area
67.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
11
Bathrooms
8
Lot
0.14 ac
Current owner
From public records · entity-resolved
Robert L Porell
Individual
Mailing address
871 COMMERCIAL ST, PROVINCETOWN, MA 02657-1782
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$2,550,000
Robert L Porell
Howard B Burchman
Corporation Deed
$1,550,000 · Leader Bank NA
Jul 21, 2025
$1,150,000
William J Devan
Howard B Burchman
Corporation Deed
$920,000 · Rocket Mortgage LLC
Mar 14, 2025
$2,325,000
Alexander M Justen
Howard B Burchman
Corporation Deed
—
Nov 1, 2023
—
Howard B Burchman
—
Deed
related
$2,375,000 · Seamens Savings Bank
May 26, 2005
—
Howard B Burchman
—
Deed Of Trust
related
$700,000 · Sherwood Group INC
Jul 15, 2003
—
Howard B Burchman
—
Deed Of Trust
related
$132,700 · Robert J Laplume
Mar 13, 2001
$802,500
Howard B Burchman
Carem RT
Grant Deed
$659,750 · Seamens Savings Bank
Mar 13, 1998
$520,000
Carem RT
Bishop,katherine L
Grant Deed
$425,000 · Thomas M Sykes
Mar 15, 1995
$420,000
Denise A Karas
Allen,roger E
Grant Deed
$308,000 · Residential Mortgage Assoc
Oct 30, 1991
$347,500
Roger E Allen
Richardson,jonathan D
Grant Deed
$30,000 · Seamens Savings Bank
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 12 Ctr 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.
