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Property profile & analytics
FOR SALE
Office buildings
204 Main St, Orleans, MA 02653
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1560836
For Sale
1 / 42
$1,499,000
204 Main St, Orleans, MA 02653
View Listing →
Property summary
AI-generated overview
This unique 3,701 square foot property at 204 Main Street, Orleans, MA 02653, presents a compelling investment opportunity. Built in 1850, this special purpose building sits on a substantial 43,560 square foot lot and is currently priced at $1,995,000. Previously used as a doctor's office, the expansive space offers significant potential for diverse commercial ventures. Alternatively, the property lends itself to conversion into a remarkable family residence, or a blend of residential and commercial use. The large, sunlit commercial area is adaptable to various needs. The generous lot size allows for significant redevelopment, creating a beautiful home conveniently located near the village center, beaches, biking trails, marinas, and restaurants. Once approved for residential use, the property could accommodate at least four bedrooms. The seller is open to offers including requests for buyer concessions. This prime location and flexible layout make it ideal for those seeking a stylish, walkable lifestyle or a thriving business venture.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1850
Construction
FRAME
Total area
3,701 SF
Lot
1 ac (43,560 SF)
Zoning code
RB
APN
ORLE M:035.0 B:0067 L:0000.0
UPID
US38-1560836
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
-
Ann Marie Johnson, MD Pediatrician Physician
-
Conley Mary E Physician
-
Roesler Evelyn S Employment Agency
-
Brian Daggett Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.12M
Owner & transaction history
Green Peak Ent LLC · 4 yrs held
Green Peak Ent LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
RB · Orleans, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$840,000
+0.5%
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 Orleans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orleans 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
$950,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$835,000
Current use
RETAIL STORES
$840,000
Change: +0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$820,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.12M (Mar 24 2022)
Last sale anchor
$1.12M
Mar 24 2022
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
$301 / 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
$7,160
Tax year 2024
Assessed value
$1,117,000
Assessed 2024
Previous assessed
$1,117,000
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$408,000
Assessed improvement
$709,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
10
Bathrooms
2
Total area
3,701 SF
Lot
1 ac (43,560 SF)
Zoning code
RB
APN
ORLE M:035.0 B:0067 L:0000.0
UPID
US38-1560836
Jurisdiction
ORLEANS
Zoning & alternative use
RB · Orleans, MA
Zoning RB · permitted uses
RB · Orleans, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orleans. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$835,000
RETAIL STORES
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$820,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
10
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Green Peak Ent LLC
Entity
Mailing address
1155 RAILROAD AVE, BRIDGEPORT, CT 06605-1833
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
$1,115,000
Green Peak Ent LLC
204 Main Street RT
Quit Claim Arm's Length For Ne States
—
Jul 6, 2009
—
Timothy Reed
—
Deed Of Trust
related
$514,000 · South Eastern Econ Dev Corp
Dec 15, 2008
—
Reed Ft
—
Deed Of Trust
related
$500,000 · Cape Cod Five Cent Bank
Jan 7, 2008
$730,000
Reed Ft
Smuzy LLC
Grant Deed
$717,000 · Cape Cod Five Cent Bank
Jul 6, 2005
—
Smuzy LLC
—
Deed Of Trust
related
$200,000 · Cape Cod Five Cent Bank
Jun 30, 1999
$419,000
Michael F Ugliarolo
Mull Ptrs
Grant Deed
$300,000 · Thomas M Sykes
Sep 29, 1995
—
Bruce C Maclean
—
Deed Of Trust
related
$175,000 · Sandwich Cp Bank
Mar 31, 1995
$265,000
Bruce C Maclean
Bates,barbara T
Grant Deed
—
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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