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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Turn key restaurants
15 Mt Pleasant St, Rockport, MA 01966-1612
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0379355
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Construction
FRAME
Total area
594 SF
Lot
0.01 ac (601 SF)
Zoning code
GD
APN
ROCK M:36 B:29A
UPID
US38-0379355
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
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$316k
Blend (final)
Blend
$520k
Owner & transaction history
Lavi RT · 2 yrs held
Lavi RT
since 2023
Last sale
$530,000
7 recorded transactions
Zoning & alternative use
GD · Rockport, 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 Rockport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockport 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
$520,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $530k (Dec 1 2023)
Last sale anchor
$530k
Dec 1 2023
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
$875 / 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
$3,352
Tax year 2024
Assessed value
$398,100
Assessed 2024
Previous assessed
$398,100
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$328,800
Assessed improvement
$69,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
594 SF
Lot
0.01 ac (601 SF)
Zoning code
GD
APN
ROCK M:36 B:29A
UPID
US38-0379355
Jurisdiction
ROCKPORT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GD · Rockport, MA
Zoning GD · permitted uses
GD · Rockport, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.01 ac
Current owner
From public records · entity-resolved
Lavi RT
Individual
Mailing address
15 MT PLEASANT ST, ROCKPORT, MA 01966-1612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Dec 1, 2023
$530,000
Lavi RT
15 Mount Pleasant RT
Quit Claim Arm's Length For Ne States
$424,000 · Cape Ann Savings Bank
Jun 22, 2022
—
15 Mount Pleasant RT
—
Deed
related
$235,000 · Cape Ann Savings Bank
Feb 17, 2016
$275,000
15 Mount Pleasant Realty Trust
Red Skiff LLC
Quit Claim Deed
$220,000 · Cape Ann Svgs Bk
Mar 19, 2009
—
Red Skiff LLC
—
Deed Of Trust
related
$300,000 · Rockport National Bank
Mar 26, 2008
$260,000
Red Skiff LLC
Flavin,mark P
Grant Deed
$245,000 · Rockport National Bank
Oct 26, 2001
—
Victoria L Flavin
—
Deed Of Trust
related
$100,000 · Rockport National Bank
Sep 3, 1997
—
Mark P Flavin
—
Deed Of Trust
related
$95,000 · Rockport National Bank
Nov 13, 1991
—
Mark P Flavin
—
Deed Of Trust
related
$35,000 · Malachi RT 2
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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