Financial
Distress signals
Property profile

20 Bank St Wellfleet, MA 02667

FOR SALE
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Property ID
US38-1371233
3,119 SF 0.26 ac lot Built 1945
Last sale Jan 1998 · $350,000
Individually Owned Owner of record is an individual. 28-yr Hold Held for 28 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Blue Heron Gallery is a mixed-use property located just off Main Street in Wellfleet, Massachusetts, near the village center with dining, galleries, shops, and local retail. The building originated as a cottage constructed in 1946 in Truro and was relocated and connected to the existing gallery structure in the 1970s. It is zoned for both commercial and residential use, providing flexibility for uses such as retail/boutique storefront, gallery/creative space, or a reconfigured residence…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2018

What does the county charge?
$4k
Tax billed · 2018
Assessed value · 2024$711k
Assessed land$451k
Assessed improvement$260k
Effective rate0.56%

Value estimate

· Sep 2026
$275k
$248k – $303k
CAP approach$670k
NOI build-up
Gross scheduled income$94k
Vacancy & credit loss−$2k
Operating expenses−$27k
NOI · 4.75% cap applied$64k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$552/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$203 – $1,074
Qualifying comparables6

Cap rate analysis

How does the asset earn?
4.75%
$64k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CENTRA
JurisdictionWELLFLEET

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.5
Building Supply8.9
Plumbing Service8.8

Location

20 Bank St Wellfleet, MA 02667
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5 Richards, Wellfleet, MA 02667 $857,000 Mar 2024 3,328 SF
317 Main, Wellfleet, MA 02667-7432 $860,000 Nov 2022 3,275 SF
234 Main, Wellfleet, MA 02667-7437 $200,000 Nov 2021 2,297 SF
257 Main, Wellfleet, MA 02667-7431 $805,000 May 2021 2,628 SF
55 Commercial, Wellfleet, MA 02667 $530,000 Dec 2020 2,155 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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