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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Motels
175 Commercial St Provincetown, MA 02657-2102
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0193967
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1917
Construction
FRAME
Total area
9,655 SF
Lot
0.2 ac (8,886 SF)
Zoning code
TCC
APN
PROV M:7-2 P:1
UPID
US38-0193967
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
-
Anchor Inn Beach House Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.05M
Owner & transaction history
175 Beach House LLC · 16 yrs held
175 Beach House LLC
since 2010
7 recorded transactions
Zoning & alternative use
TCC · Provincetown, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for dense commercial development in the downtown area consistent with the historic village character and pedestrian environment.
Zone name
Town Center Commercial
General category
COMMERCIAL
Zone area
67.97 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 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%
$2,020,000
6.5%
$1,865,000
7%
$1,730,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,170,000
Current use
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±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
$212 / 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
$33,241
Tax year 2024
Assessed value
$6,380,200
Assessed 2024
Previous assessed
$6,380,200
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$3,262,900
Assessed improvement
$3,117,300
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1917
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
32
Bathrooms
25
Total area
9,655 SF
Lot
0.2 ac (8,886 SF)
Zoning code
TCC
APN
PROV M:7-2 P:1
UPID
US38-0193967
Jurisdiction
PROVINCETOWN
Zoning & alternative use
TCC · Provincetown, MAZoning TCC · permitted uses
TCC · Provincetown, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for dense commercial development in the downtown area consistent with the historic village character and pedestrian environment.
Zone name
Town Center Commercial
General category
COMMERCIAL
Zone area
67.97 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.2M
HOTEL/MOTEL Current
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
1917
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
32
Bathrooms
25
Lot
0.2 ac
Current owner
From public records · entity-resolved
175 Beach House LLC
Entity
Mailing address
175 COMMERCIAL ST, PROVINCETOWN, MA 02657-2102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2018
—
175 Bk Hse LLC
—
Deed
related
$1,538,694 · Sharon Cu
Jun 23, 2010
—
175 Beach House LLC
—
Deed Of Trust
related
$1,181,000 · Bay Colony Dev Corp
May 28, 2010
$3,825,000
175 Beach House LLC
Red Inn LLC
Grant Deed
$1,950,000 · Mechanics Capital Bank
May 28, 2010
—
175 Beach House LLC
—
Deed Of Trust
related
$1,170,000 · Mechanics Capital Bank
May 19, 2004
$3,700,000
Red Inn LLC
3471 INC
Grant Deed
$1,500,000 · Cape Cod Coop Bank
Jul 17, 2003
$3,440,181
3471 INC
Peter L Boyle Irt
Grant Deed
—
Sep 16, 2002
—
Peter L Boyle Irt 2nd
—
Deed Of Trust
related
$1,575,000 · 3471 INC
Feb 9, 1993
—
Home Town RT
—
Deed Of Trust
related
$50,000 · Cellar Door Concerts
—
—
175 Bk Hse LLC
—
Deed Of Trust
related
$1,538,694 · Sharon Cu
—
—
175 Bk Hse LLC
—
Deed Of Trust
related
$300,000 · Sharon Cu
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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