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Property profile & analytics
OFF-MARKET
Parking lots & garages
14 Main St Gloucester, MA 01930
Entity Owned
25-yr Hold
Free & Clear
Property ID
US38-0874803
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.12 ac (5,204 SF)
Zoning code
CB
APN
GLOU M:0007 B:0093 L:0000
UPID
US38-0874803
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Blackburn LLC · 25 yrs held
Blackburn LLC
since 2000
4 recorded transactions
Zoning & alternative use
CB · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central Business District is located on either side of Main Street, A broad range of business, retail, office and institutional uses are allowed, as are residential units above retail establishments, This is the city's most intensely commercial district, and retail stores and restaurants predominate
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
30.83 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,956
Tax year 2024
Assessed value
$194,600
Assessed 2024
Previous assessed
$194,600
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$188,900
Assessed improvement
$5,700
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Buildings
1
Lot
0.12 ac (5,204 SF)
Zoning code
CB
APN
GLOU M:0007 B:0093 L:0000
UPID
US38-0874803
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Gloucester, MAZoning CB · permitted uses
CB · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Central Business District is located on either side of Main Street, A broad range of business, retail, office and institutional uses are allowed, as are residential units above retail establishments, This is the city's most intensely commercial district, and retail stores and restaurants predominate
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
30.83 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Blackburn LLC
Entity
Free & Clear · 25 yrs held
Mailing address
11 WASHINGTON ST, GLOUCESTER, MA 01930-5744
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2003
—
Blackburn LLC
—
Deed Of Trust
related
$880,000 · Cape Ann Savings Bank
Dec 22, 2000
$1,090,000
Blackburn LLC
Colburn,frances H
Grant Deed
—
Dec 22, 2000
$10,000
Blackburn LLC
Sea Rock Ests INC
Grant Deed
$270,000 · Cape Ann Savings Bank
Dec 22, 2000
—
Blackburn LLC
—
Deed Of Trust
related
$800,000 · Zwi Kohorn
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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