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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Motels
125 Atlantic Rd Gloucester, MA 01930-4331
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-1635502
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,169 SF
Lot
1.48 ac (64,469 SF)
Zoning code
R-20
APN
GLOU M:0072 B:0003 L:0000
UPID
US38-1635502
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
-
Atlantis Oceanfront Inn Hotel & Breakfast Café In Gloucester, MA Hotel & Motel
-
Oceanfront Breakfast Café at Atlantis Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.23M
Owner & transaction history
Bonmal INC · 17 yrs held
Bonmal INC
since 2009
6 recorded transactions
Zoning & alternative use
R-20 · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to accommodate single family residential development and, where appropriate, two family and multi-family development. This district provides a transition from the rural districts to the high density districts of the city.
Zone name
Low Medium Density Residential
General category
RESIDENTIAL
Zone area
4,871.99 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,335,000
Current use
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$58 / 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
$29,576
Tax year 2024
Assessed value
$2,942,900
Assessed 2024
Previous assessed
$2,942,900
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,685,900
Assessed improvement
$1,257,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Buildings
1
Stories
3
Units
40
Bathrooms
2
Total area
21,169 SF
Lot
1.48 ac (64,469 SF)
Zoning code
R-20
APN
GLOU M:0072 B:0003 L:0000
UPID
US38-1635502
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R-20 · Gloucester, MAZoning R-20 · permitted uses
R-20 · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to accommodate single family residential development and, where appropriate, two family and multi-family development. This district provides a transition from the rural districts to the high density districts of the city.
Zone name
Low Medium Density Residential
General category
RESIDENTIAL
Zone area
4,871.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.3M
HOTEL/MOTEL Current
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Stories
3
Buildings
1
Units
40
Bathrooms
2
Lot
1.48 ac
Current owner
From public records · entity-resolved
Bonmal INC
Entity
Mailing address
125 ATLANTIC RD, GLOUCESTER, MA 01930-4331
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Apr 3, 2009
—
Bonmal INC
—
Deed Of Trust
related
$350,000 · Rockport National Bank
Mar 13, 2008
—
Bonmal INC
—
Deed Of Trust
related
$350,000 · Rockport National Bank
Mar 18, 2004
—
Bonmal INC
—
Deed Of Trust
related
$234,000 · Rockport National Bank
May 10, 2001
—
Bonmal INC
—
Deed Of Trust
related
$260,000 · Gloucester Bank & Trust Co
Apr 21, 1998
—
Bonmal INC
—
Deed Of Trust
related
$260,000 · Gloucester Bank & Trust Co
Feb 25, 1994
—
Bon-mal INC
—
Deed Of Trust
related
$180,000 · Gloucester Bank & Trust Co
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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