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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Investment properties
222 Eastern Ave, Gloucester, MA 01930-1810
Individually Owned
3-yr Hold
Property ID
US38-2470092
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
4,167 SF
Lot
0.55 ac (23,873 SF)
Zoning code
GI
APN
GLOU M:0264 B:0025 L:0000
UPID
US38-2470092
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
-
222 Community Wellness Center Alternative Medicine Practice Spa & Massage Center
-
Cape Ann Massage Therapy Gym & Fitness Center
-
Atlantic Chiropractic Alternative Medicine Practice
-
Wellness by Choice Physician
-
Bold Embrace Consults Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$900k
Owner & transaction history
Scns RT · 3 yrs held
Scns RT
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
GI · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+13.7%
Auto repair, garage
$1.0M
+6.0%
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 Gloucester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gloucester 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
$795,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$940,000
Current use
OFFICE BUILDING
$1,070,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,000,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$925,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $1.00M (Apr 4 2023)
Last sale anchor
$1.00M
Apr 4 2023
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
$216 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$6,170
Tax year 2020
Assessed value
$728,600
Assessed 2024
Previous assessed
$728,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$334,400
Assessed improvement
$394,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
2
Bathrooms
4
Total area
4,167 SF
Lot
0.55 ac (23,873 SF)
Zoning code
GI
APN
GLOU M:0264 B:0025 L:0000
UPID
US38-2470092
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GI · Gloucester, MA
Zoning GI · permitted uses
GI · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gloucester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$940,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$925,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1890
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
2
Bathrooms
4
Lot
0.55 ac
Current owner
From public records · entity-resolved
Scns RT
Individual
Mailing address
222 EASTERN AVE, GLOUCESTER, MA 01930-1810
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Scns RT
—
Deed
related
$75,000 · Cape Ann Savings Bank
Apr 4, 2023
$1,000,000
Scns RT
D & L RT
Quit Claim Arm's Length For Ne States
$750,000 · Cape Ann Savings Bank
May 11, 2020
—
D & L RT Trust
Lin D Chandler
Quit Claim Deed
related
—
Aug 4, 2016
—
Lin D Chandler
—
Deed
related
$400,000 · Bankgloucester
Jul 29, 2014
—
Lin D Chandler
D&l RT
Quit Claim Deed
related
—
Mar 31, 2011
$2,659
Gloucester City Of
D & L RT
Grant Deed
—
Nov 19, 2008
$470,000
D RT
Laurence,matthew J
Grant Deed
$350,000 · Rockport National Bank
Sep 23, 2005
—
Matthew J Laurence
—
Deed Of Trust
related
$340,000 · Cape Ann Savings Bank
May 1, 2001
—
Matthew J Laurence
—
Deed Of Trust
related
$312,000 · Cape Ann Savings Bank
Jan 25, 2000
$210,000
Matthew J Laurence
Tarr,richard W
Grant Deed
$247,000 · Bank Of America
—
—
Lin D Chandler
—
Deed Of Trust
related
$400,000 · Bankgloucester
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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