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    Property profile & analytics

    20 Bank St Wellfleet, MA 02667

    • Investment properties
    • 3,119 SF
    • 0.26 lot acres
    For Sale
    View listing
    $1,350,000
    Value Estimation
    Location Intelligence
    Property ID
    US38-1371233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Blue Heron Gallery / Art Gallery

    Property Details for 20 Bank St

    Year built
    1945
    Construction
    FRAME
    Lot size
    0.26 lot acres
    Property size
    3,119 SF
    Zone code
    CENTRA
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WELL M:015.0 B:0085 L:0000.0
    APU
    WELLM0150B0085L00000

    Description

    This captivating 0.26-acre property at 20 Bank Street, Wellfleet, MA, presents a unique investment opportunity. Originally built in 1946 as the Orchard Grille, it later became the renowned Blue Heron Gallery in 1978. The building is zoned for both multi-use commercial and residential purposes, offering exceptional flexibility for the new owner. Currently operating as an art gallery, the property boasts significant character and charm, ready for immediate use or creative transformation. The interior offers the potential for a comfortable residential conversion, including two bedrooms, allowing for a blend of work and living space. Imagine waking up to breathtaking harbor views, a truly idyllic setting. The property has been meticulously maintained, showcasing pride of ownership. Recent improvements include a newer roof, updated landscaping, modern windows, and Azek trim, ensuring the property is in excellent condition. Priced at $1,350,000, this property represents a chance to own a piece of Wellfleet's rich history and create a unique and profitable venture. The property's location just off Main Street provides excellent visibility and accessibility. Don't miss this rare opportunity to acquire a versatile and historically significant property in the desirable town of Wellfleet.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $385,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $390,000
      Mixed-Use
      $360,000
      Hospitality
      $425,000
      Educational
      $350,000
      Residential Income
      $410,000
      Energy
      $380,000
      Income-Based Land
      $335,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Wellfleet
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.0304
    Latitude
    41.9376
    CBSA code
    12700
    CBSA name
    BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $3,965
    $451,200
    $259,900
    $711,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      1,816 SF

      2207 State Hwy Rte 6th 6

      OFFICE/RESIDENTIAL (MIXED USE) • 1,816 SF
      2207 State Hwy Rte 6th 6, Wellfleet, MA 02667-8902
      View Details
    • Value Estimation
      $280,000
      1,278 SF

      768 State Hwy Rte 6th 6

      OFFICE/RESIDENTIAL (MIXED USE) • 1,278 SF
      768 State Hwy Rte 6th 6, Wellfleet, MA 02667-8114
      View Details
    • Value Estimation
      $1,155,000
      5,784 SF

      464 State Hwy Rte 6th 6

      OFFICE/RESIDENTIAL (MIXED USE) • 5,784 SF
      464 State Hwy Rte 6th 6, Wellfleet, MA 02667-8112
      View Details
    • Value Estimation
      $305,000
      3,052 SF

      11 Main St Sta, Unit A

      OFFICE/RESIDENTIAL (MIXED USE) • 3,052 SF
      11 Main St Sta, Wellfleet, MA 02667-7300
      View Details
    • Value Estimation
      $265,000
      1,898 SF

      15 Bank St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,898 SF
      15 Bank St, Wellfleet, MA 02667-7443
      View Details
    • Value Estimation
      $265,000
      3,789 SF

      15 Commercial St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,789 SF
      15 Commercial St, Wellfleet, MA 02667-7447
      View Details

    Similar Nearby for Sale

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    20 Bank St
    Wellfleet, MA 02667
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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