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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Residential income homes
126 Prospect St, Gloucester, MA 01930-3746
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0384267
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Construction
FRAME
Total area
5,284 SF
Lot
0.16 ac (6,754 SF)
Zoning code
R-5
APN
GLOU M:0029 B:0027 L:0000
UPID
US38-0384267
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
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$770k
Owner & transaction history
Vega Hldgs N LLC · 6 yrs held
Vega Hldgs N LLC
since 2020
Last sale
$672,500
7 recorded transactions
Zoning & alternative use
R-5 · Gloucester, 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 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
$865,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $673k (Jul 1 2020)
Last sale anchor
$673k
Jul 1 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
$146 / 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
$12,386
Tax year 2024
Assessed value
$1,273,000
Assessed 2024
Previous assessed
$1,273,000
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$142,100
Assessed improvement
$1,130,900
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
15
Rooms
28
Bathrooms
10
Total area
5,284 SF
Lot
0.16 ac (6,754 SF)
Zoning code
R-5
APN
GLOU M:0029 B:0027 L:0000
UPID
US38-0384267
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R-5 · Gloucester, MA
Zoning R-5 · permitted uses
R-5 · 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.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
15
Rooms
28
Bathrooms
10
Lot
0.16 ac
Current owner
From public records · entity-resolved
Vega Hldgs N LLC
Entity
Mailing address
PO BOX 776, GLOUCESTER, MA 01931-0776
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2021
—
Vega Hldg North LLC
—
Deed
related
$750,000 · Institution For Savings Newburyport
Jul 1, 2020
—
Vega Hldgs N LLC
Andrew J Migonis
Quit Claim Deed
related
—
May 2, 2019
—
Andrew J Migonis
—
Deed
related
$787,500 · Cape Ann Savings Bank
Feb 6, 2018
—
Andrew J Migonis II
—
Deed
related
$503,000 · Cape Ann Savings Bank
Jun 19, 2014
$672,500
Andrew J Migonis II
Peter T Vadala
Quit Claim Arm's Length For Ne States
$625,000 · Cape Ann Savings Bank
May 23, 2013
$485,000
Peter T Vadala
B&b Nt
Quit Claim Deed
$121,250 · Lola P Aptt
Sep 14, 2010
—
B Nt
—
Deed Of Trust
related
$150,000 · Cape Ann Savings Bank
Aug 15, 1996
$250,000
Dana W Aptt
Coughlin,jeannette
Grant Deed
$190,000 · Zenon Grzybowski
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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