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Property profile & analytics
OFF-MARKET
Office Spaces
2 Harry Kemp Way, Provincetown, MA 02657-1511
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0481350
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1990
Construction
FRAME
Total area
1,288 SF
Lot
0.18 ac (7,710 SF)
Zoning code
RESB
APN
PROV M:12-3 P:31 E:A-002
UPID
US38-0481350
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
-
Medeiros John E CPA Tax Preparation
-
Harbor Dental Associates Dental Office
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
Kae RT · 4 yrs held
Kae RT
since 2022
7 recorded transactions
Zoning & alternative use
RESB · 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
$3,077
Tax year 2024
Assessed value
$590,500
Assessed 2024
Previous assessed
$590,500
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed improvement
$590,500
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
4
Bathrooms
1
Total area
1,288 SF
Lot
0.18 ac (7,710 SF)
Zoning code
RESB
APN
PROV M:12-3 P:31 E:A-002
UPID
US38-0481350
Jurisdiction
PROVINCETOWN
Zoning & alternative use
RESB · Provincetown, MA
Zoning RESB · permitted uses
RESB · 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
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
4
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Kae RT
Individual
Mailing address
PO BOX 150, NORTH TRURO, MA 02652-0150
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
—
Kae RT
21 Conwell RT
Corporation Deed
—
Sep 16, 2021
$549,000
21 Conwell RT
Cape Cod Five Cents Sb
Corporation Deed
$549,000 · Seamens Savings Bank
Sep 16, 2021
—
21 Conwell RT
—
Deed
related
$549,000 · Seamens Savings Bank
Aug 20, 2018
$699,000
Cape Cod Five Sb
Focused Inv Ptnrs
Condominium Deed
—
Mar 8, 2018
—
21 Conwell Realty Trust
21 Conwell Realty Trust
Trust Deed
related
—
Mar 1, 2018
$699,500
Focused Investment Ptnrs
Fifth Gear Realty Trust
Quit Claim Deed
—
Jan 30, 2018
$600,000
Conwell Trust 21
Kjaj Nominee Trust
Quitclaim Deed
—
May 26, 2010
—
Gear RT 5th
—
Deed Of Trust
related
$140,000 · Michael W Wright
Nov 16, 2006
—
Gear RT 5th
—
Deed Of Trust
related
$146,000 · Seamens Savings Bank
Jul 1, 1998
$154,000
Fifth Gear RT
Blackacre Nt
Grant Deed
$153,750 · Seamens Savings Bank
Dec 19, 1996
—
Blackacre Nt
—
Deed Of Trust
related
$129,500 · Seamens Savings Bank
Sep 4, 1991
—
Blackacre Nt
—
Deed Of Trust
related
$135,000 · Thomas M Sykes
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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