Technical
Financial
Distress signals
Property profile

226 Washington St Gloucester, MA 01930

OFF-MARKET
Turn key restaurants
Property ID
US38-1870490
6,334 SF 1.09 ac lot Built 1964
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,334 SF
Lot 1.09 ac (47,480 SF)
Zoning code EB
APN GLOU M:0084 B:0002 L:0000
UPID US38-1870490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

226 Washington St Gloucester, MA 01930-2253
Gloucester metro Census 221700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
$672k
Blend (final) Blend
$525k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2021
Price N/A
2019
Price N/A

Zoning & alternative use

EB · Gloucester, MA
Zoning description

Extensive Business Districts are located along collector streets in various areas of the city. Business, service and retail uses serving a regional clientele are allowed; residential uses are generally not allowed.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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