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Property profile & analytics
OFF-MARKET
Estimated value
$7,160,000
Turn key restaurants
23 Broad St Nantucket, MA 02554-3502
Entity Owned
5-yr Hold
Property ID
US38-1861752
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1850
Construction
FRAME
Total area
8,232 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CDT
APN
NANT M:04242 P:00077
UPID
US38-1861752
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
-
Brotherhood of Thieves Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.16M
Owner & transaction history
23 Broad Street Owner LLC · 5 yrs held
23 Broad Street Owner LLC
since 2021
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
CDT · Nantucket, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Nantucket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nantucket 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
$6,350,000
ML approach
$6,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.16M
Range $6.44M – $7.88M · ±10% · vs last sale $7.89M (Jun 30 2021)
Last sale anchor
$7.89M
Jun 30 2021
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
$870 / 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
$38,234
Tax year 2024
Assessed value
$7,214,000
Assessed 2024
Previous assessed
$6,649,900
+8.5% YoY
Effective rate
0.53%
On assessed value
Assessed land
$4,566,900
Assessed improvement
$2,647,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1850
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
1
Bathrooms
4
Total area
8,232 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CDT
APN
NANT M:04242 P:00077
UPID
US38-1861752
Jurisdiction
NANTUCKET
Zoning & alternative use
CDT · Nantucket, MA
Zoning CDT · permitted uses
CDT · Nantucket, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nantucket. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1850
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
1
Bathrooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
23 Broad Street Owner LLC
Entity
Mailing address
171 COMMONWEALTH AVE, BOSTON, MA 02116-2233
Ownership since
2021
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
Dec 10, 2025
—
23 Broad Street Owner LLC
—
Deed
related
$6,000,000 · Northern Bank & Trust Co
Jun 30, 2021
$7,888,000
23 Broad Street Owner LLC
23 Broad Street LLC
Quit Claim Arm's Length For Ne States
—
Nov 19, 2010
—
23 Broad St LLC
—
Deed Of Trust
related
$730,000 · Cape Cod Five Cent Bank
Apr 8, 2005
—
23 Broad St LLC
—
Deed Of Trust
related
$650,000 · Sovereign Bank
Nov 4, 2004
—
23 Broad St LLC
—
Deed Of Trust
related
$1,000,000 · Sovereign Bank
Oct 20, 2004
$1
23 Broad Street LLC
Krause,eliot
Grant Deed
related
—
Aug 19, 2004
—
Eliot Krause
—
Deed Of Trust
related
$800,000 · Sovereign Bank
Apr 20, 1990
—
Arthur H Est Krause
—
Deed Of Trust
related
$450,000 · Nantucket Savings Bank
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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