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Property profile & analytics
OFF-MARKET
Estimated value
$6,195,000
Retail properties & Spaces
129 Orange St Nantucket, MA 02554-4026
Entity Owned
4-yr Hold
Property ID
US38-1848639
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1984
Construction
FRAME
Total area
6,000 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CMI
APN
NANT M:00055 P:00147
UPID
US38-1848639
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
-
Henry’s Jr. Sandwich Shop Restaurant
-
Mobil Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.20M
Owner & transaction history
Island Orange Group LP · 4 yrs held
Island Orange Group LP
since 2021
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
CMI · 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
$6,430,000
ML approach
$6,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,455,000
Current use
COMMERCIAL (GENERAL)
$5,275,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$6.20M
Range $5.58M – $6.81M · ±10% · vs last sale $6.00M (Dec 27 2021)
Last sale anchor
$6.00M
Dec 27 2021
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
$1,033 / 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
$18,814
Tax year 2024
Assessed value
$3,549,845
Assessed 2024
Previous assessed
$3,210,518
+10.6% YoY
Effective rate
0.53%
On assessed value
Assessed land
$2,231,145
Assessed improvement
$1,318,700
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Bathrooms
2
Total area
6,000 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CMI
APN
NANT M:00055 P:00147
UPID
US38-1848639
Jurisdiction
NANTUCKET
Zoning & alternative use
CMI · Nantucket, MA
Zoning CMI · permitted uses
CMI · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Island Orange Group LP
Entity
Mailing address
11 INDUSTRY RD, NANTUCKET, MA 02554
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
—
Island Orange Group LP
—
Deed
related
$3,550,000 · Eastern Bank
Dec 27, 2021
$6,000,000
Island Orange Group LP
Butnell Corp
Quit Claim Arm's Length For Ne States
$4,200,000 · Eastern Bank
Mar 5, 2002
—
Butnell Corp
—
Deed Of Trust
related
$850,000 · Nantucket 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.
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