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Property profile & analytics
OFF-MARKET
Turn key restaurants
186 Commercial St, Provincetown, MA 02657-2117
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-1335411
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
FRAME
Total area
4,331 SF
Lot
0.15 ac (6,625 SF)
Zoning code
TCC
APN
PROV M:7-2 P:145
UPID
US38-1335411
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
-
Court St Landing Bike Racks Bicycle Rack
-
Local 186 Restaurant
-
Grotta Bar Bar & Pub
-
Enzo Guest House Bed & Breakfast Hotel & Motel
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
186 Commercial Street RT · 21 yrs held
186 Commercial Street RT
since 2005
7 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
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
$13,561
Tax year 2024
Assessed value
$2,602,900
Assessed 2024
Previous assessed
$2,602,900
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$1,525,500
Assessed improvement
$1,077,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
10
Bathrooms
10
Total area
4,331 SF
Lot
0.15 ac (6,625 SF)
Zoning code
TCC
APN
PROV M:7-2 P:145
UPID
US38-1335411
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
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
10
Bathrooms
10
Lot
0.15 ac
Current owner
From public records · entity-resolved
186 Commercial Street RT
Individual
Mailing address
PO BOX 1001, PROVINCETOWN, MA 02657-1001
Ownership since
2005
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 22, 2023
—
186 Commercial Street RT
—
Deed
related
$821,000 · Seamens Savings Bank
Mar 7, 2012
—
186 Commercial Street RT
—
Deed Of Trust
related
$757,300 · Seamens Savings Bank
May 5, 2005
$1,200,000
186 Commercial Street RT
Esr RT
Grant Deed
$1,800,000 · Seamens Savings Bank
Jul 17, 2000
$655,000
Esr RT
Cmj RT
Grant Deed
—
Nov 13, 1997
—
Cmj RT
—
Deed Of Trust
related
$20,000 · Zwi Kohorn
Apr 24, 1995
—
Cmj RT
—
Deed Of Trust
related
$325,000 · Thomas M Sykes
Mar 31, 1995
$400,000
Cmj RT
Resort Ventures Nt
Grant Deed
$325,000 · Thomas M Sykes
May 6, 1988
$500,000
Resort Ventures Nom Tr
American Inns INC
Grant Deed
$412,500 · Bank Of New England
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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