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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office Spaces
2 Sanford Rd, Nantucket, MA 02554-3969
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1809942
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1978
Total area
786 SF
Zoning code
CMI
APN
NANT M:00055 P:00810
UPID
US38-1809942
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
-
Grey Lady Insurance Insurance Agency
-
Mainstay - Property Management, Vacation Rentals & Construction Property Management Company
-
Visiting Nurse Association Nantucket Home Health Care Service Hospice
-
gryphon architects Architecture Firm
-
BOAT HOUSE/Barcos y Tacos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Gli Sanford Rd LLC · 2 yrs held
Gli Sanford Rd LLC
since 2023
Last sale
$496,000
6 recorded transactions
Zoning & alternative use
CMI · 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
Method
Estimation
Statistic approach
$605,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $496k (May 21 2021)
Last sale anchor
$496k
May 21 2021
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
$687 / 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
$3,157
Tax year 2024
Assessed value
$595,700
Assessed 2024
Previous assessed
$581,500
+2.4% YoY
Effective rate
0.53%
On assessed value
Assessed improvement
$595,700
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
1978
Heating
HOT WATER
Buildings
1
Stories
2
Bathrooms
1
Total area
786 SF
Zoning code
CMI
APN
NANT M:00055 P:00810
UPID
US38-1809942
Jurisdiction
NANTUCKET
Zoning & alternative use
CMI · Nantucket, MA
Zoning CMI · permitted uses
CMI · 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
1978
Heating
HOT WATER
Stories
2
Buildings
1
Bathrooms
1
Current owner
From public records · entity-resolved
Gli Sanford Rd LLC
Entity
Mailing address
2 SANFORD RD STE #5, NANTUCKET, MA 02554-3969
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2023
$450,000
Gli Sanford Rd LLC
Lower Pleasant T
Corporation Deed
$360,000 · Cape Cod Five Cents Savings Bank
May 24, 2023
—
Foggysbb LLC
—
Deed
related
$207,000 · Bay Colony Development Corp
May 12, 2023
$560,000
Foggysbb LLC
Vanilla Day LLC
Corporation Deed
$250,000 · Cape Cod Five Cents Savings Bank
May 21, 2021
$496,000
Osif LLC
Larry S Levine
Quit Claim Arm's Length For Ne States
$250,000 · Rockland Trust Co
Jan 7, 2021
$335,000
Budacon LLC
Dreadlock Holidays INC
Corporation Deed
—
Nov 13, 2020
—
Vanilla Day LLC
—
Deed
related
$240,000 · Cape Cod Five Cents 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.
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