Back to Search
Property profile & analytics
OFF-MARKET
Commercial land
2 Greglen Ave Nantucket, MA 02554-6079
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1123303
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1982
Construction
WOOD FRAME
Total area
2,448 SF
Lot
0.71 ac (30,928 SF)
Zoning code
CN
APN
NANT M:00068 P:00131
UPID
US38-1123303
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
-
Bernier James Hardware & Home Improvement HVAC Service
-
TNT Lawn Sprinklers General Contractor Construction Company
-
Tom Hanlon Landscaping Landscaping General Contractor
-
Brea McDonald Photography Wedding Service Photography Service
-
Earth Works Landscaping 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
Richmond Great Point Dev · 11 yrs held
Richmond Great Point Dev
since 2015
7 recorded transactions
Zoning & alternative use
CN · Nantucket, 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 Nantucket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nantucket 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
$8,400
Tax year 2024
Assessed value
$1,584,900
Assessed 2024
Previous assessed
$1,770,100
-10.5% YoY
Effective rate
0.53%
On assessed value
Assessed land
$1,577,700
Assessed improvement
$7,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
2,448 SF
Lot
0.71 ac (30,928 SF)
Zoning code
CN
APN
NANT M:00068 P:00131
UPID
US38-1123303
Jurisdiction
NANTUCKET
Zoning & alternative use
CN · Nantucket, MA
Zoning CN · permitted uses
CN · Nantucket, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nantucket. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Richmond Great Point Dev
Individual
Mailing address
23 CONCORD ST, WILMINGTON, MA 01887-2131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
12 Nancy Ann LLC
—
Deed
related
$7,000,000 · Natick South LLC
Feb 17, 2015
$859,200
Richmond Great Point Dev
Glowacki Kim
Quit Claim Deed
related
$28,000,000 · Wjs Sales LLC
Feb 21, 2007
—
Kim Glowacki
—
Deed Of Trust
related
$75,000 · Sovereign Bank
Jun 22, 2004
—
Kim Glowacki
—
Deed Of Trust
related
$900,000 · Nantucket Savings Bank
Jun 22, 2004
$1
Kim Glowacki
Two Greglen RT
Grant Deed
related
—
May 6, 2004
—
Two Greglen RT
—
Deed Of Trust
related
$50,000 · Nantucket Savings Bank
Jan 29, 2002
—
Greglen RT
—
Deed Of Trust
related
$190,000 · Nantucket Savings Bank
Jan 12, 1999
—
Greglen RT
—
Deed Of Trust
related
$50,000 · Nantucket Savings Bank
Feb 28, 1997
—
Greglan RT
—
Deed Of Trust
related
$41,000 · Nantucket Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2 Greglen Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
