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Property profile & analytics
OFF-MARKET
Industrial properties
17 Kondelin Rd, Gloucester, MA 01930-5155
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0971913
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
13,500 SF
Lot
2.01 ac (87,556 SF)
Zoning code
GI
APN
GLOU M:0198 B:0034 L:0000
UPID
US38-0971913
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
-
Caddis Construction LLC Construction Company
-
Ken Parker Training Center Tutoring Service
-
New England Trade Tees Clothing Store Commercial Printer
-
Pope Cabinets General Contractor Renovation Specialist
-
Araneo Landworks Landscaping General Contractor
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
Spinosap Properties LLC · 1 yrs held
Spinosap Properties LLC
since 2025
Last sale
$250,000
7 recorded transactions
Zoning & alternative use
GI · 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
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
$7,189
Tax year 2024
Assessed value
$715,300
Assessed 2024
Previous assessed
$715,300
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$156,200
Assessed improvement
$559,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
RADIANT
Buildings
1
Stories
1
Units
6
Bathrooms
4
Total area
13,500 SF
Lot
2.01 ac (87,556 SF)
Zoning code
GI
APN
GLOU M:0198 B:0034 L:0000
UPID
US38-0971913
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GI · Gloucester, MA
Zoning GI · permitted uses
GI · 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
2000
Construction
STEEL FRAME
Heating
RADIANT
Stories
1
Buildings
1
Units
6
Bathrooms
4
Lot
2.01 ac
Current owner
From public records · entity-resolved
Spinosap Properties LLC
Entity
Mailing address
17 KONDELIN RD STE #4, GLOUCESTER, MA 01930-5155
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
Jason Hammer
—
Deed
related
$50,000 · Cape Ann Savings Bank
Apr 22, 2025
$250,000
Spinosap Properties LLC
17 Kondelin LLC
Corporation Deed
—
Nov 22, 2023
$240,000
Araneo Properties LLC
17 Kondelin LLC
Condominium Deed
$192,000 · Cape Ann Savings Bank
Mar 8, 2023
$350,000
Margaret Flanagan
17 Kondelin LLC
Condominium Deed
—
Mar 3, 2023
$500,000
Jason Hammer
17 Kondelin LLC
Condominium Deed
$450,000 · Cape Ann Savings Bank
Sep 16, 2014
—
17 Kondelin LLC
Mcpherson&pope RT
Quit Claim Deed
related
$650,000 · Cape Ann Savings Bank
Oct 24, 2011
—
Mcpherson RT
—
Deed Of Trust
related
$35,000 · Cape Ann Savings Bank
Dec 17, 2008
—
Mcpherson RT
—
Deed Of Trust
related
$420,000 · Cape Ann Savings Bank
Dec 19, 2003
—
Mcpherson RT
—
Deed Of Trust
related
$464,000 · Banknorth NA
Sep 22, 1995
—
Wta RT
—
Deed Of Trust
related
$183,000 · Mass Certified Dev
Mar 8, 1995
$45,000
Wta RT
Gloucester Economic
Grant Deed
$225,000 · Fleet National Bank
Mar 8, 1995
—
Wta RT
—
Deed Of Trust
related
$180,000 · Fleet National Bank
Dec 6, 1994
—
Edward C Akerley
—
Deed Of Trust
related
$65,000 · First National Bank Ipswch
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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