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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Motels
161 Commercial St, Provincetown, MA 02657-2101
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US38-1151940
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Construction
FRAME
Total area
27,312 SF
Lot
1.08 ac (47,001 SF)
Zoning code
TCC
APN
PROV M:7-2 P:5
UPID
US38-1151940
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
-
Boatslip Resort & Beach Club Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.27M
Comparable Approach
Comparable
$7.25M
Blend (final)
Blend
$5.29M
Owner & transaction history
Boatslip LLC · 15 yrs held
Boatslip LLC
since 2011
5 recorded transactions
Zoning & alternative use
TCC · Provincetown, 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 Provincetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Provincetown 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%
$5,710,000
6.5%
$5,270,000
7%
$4,895,000
Blend value · Realmo final
$5.29M
Range $4.76M – $5.81M · ±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
$194 / 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
$61,630
Tax year 2024
Assessed value
$11,829,100
Assessed 2024
Previous assessed
$11,829,100
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$4,331,900
Assessed improvement
$7,497,200
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Rooms
54
Bathrooms
53
Total area
27,312 SF
Lot
1.08 ac (47,001 SF)
Zoning code
TCC
APN
PROV M:7-2 P:5
UPID
US38-1151940
Jurisdiction
PROVINCETOWN
Zoning & alternative use
TCC · Provincetown, MA
Zoning TCC · permitted uses
TCC · Provincetown, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Provincetown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Rooms
54
Bathrooms
53
Lot
1.08 ac
Current owner
From public records · entity-resolved
Boatslip LLC
Entity
Mailing address
161 COMMERCIAL ST, PROVINCETOWN, MA 02657-2101
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2014
—
Boatslip LLC
—
Grant Deed
related
$2,250,000 · Td Bk NA
Apr 30, 2012
—
Boatslip LLC
—
Deed Of Trust
related
$5,275,000 · Td Bank NA
Apr 29, 2011
$1
Boatslip LLC
Boatslip RT
Grant Deed
—
Jan 29, 2010
—
Boatslip LLC
—
Deed Of Trust
related
$3,075,000 · Seamens Savings Bank
Mar 29, 2001
$7,200,000
Boatslip LLC
Ship Pond LP
Grant Deed
$6,000,000 · 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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