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    Property profile & analytics

    23 Main St Gloucester, MA 01930-3014

    • Turn key restaurants
    • 1,656 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $585,000
    Last Sale
    Aug 24, 2022
    $530,000
    Location Intelligence
    Property ID
    US38-1691275
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cape Ann Shared Kitchen - Meat and Sweet Foods / Shared-Use Commercial Kitchen

    Property Details for 23 Main St

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    1,656 SF
    Zone code
    MI
    Property type
    Turn key restaurants
    APN
    GLOU M:0054 B:0096 L:0000
    APU
    GLOUM0054B0096L0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $595,000

    • CAP approach

      CAP return
      Estimation
      6%
      $610,000
      6.5%
      $590,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $645,000
      Geo Method
      $500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $665,000
      Retail
      $635,000
      Mixed-Use
      $500,000
      Hospitality
      $485,000
      Educational
      $515,000
      Residential Income
      $625,000
      Energy
      $520,000
      Income-Based Land
      $615,000
      Food Service
      $480,000

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.6493
    Latitude
    42.617
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,529
    $239,700
    $210,900
    $450,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      15,726 SF

      6 Rowe Sq

      RESTAURANT • 15,726 SF
      6 Rowe Sq, Gloucester, MA 01930-3057
      View Details
    • Value Estimation
      $1,320,000
      2,315 SF

      272 Main St

      RESTAURANT • 2,315 SF
      272 Main St, Gloucester, MA 01930-6022
      View Details
    • Value Estimation
      $600,000
      2,636 SF

      18 Rogers St

      RESTAURANT • 2,636 SF
      18 Rogers St, Gloucester, MA 01930-5008
      View Details
    • Value Estimation
      $365,000
      4,014 SF

      36 Main St

      RESTAURANT • 4,014 SF
      36 Main St, Gloucester, MA 01930-5709
      View Details
    • Value Estimation
      $355,000
      6,720 SF

      334 Main St

      RESTAURANT • 6,720 SF
      334 Main St, Gloucester, MA 01930-3011
      View Details
    • Value Estimation
      $385,000
      1,310 SF

      41 Hough Ave

      RESTAURANT • 1,310 SF
      41 Hough Ave, Gloucester, MA 01930-4023
      View Details

    Similar Nearby for Sale

    • $1,500,000
      3,085 SF

      Iconic Waterfront Restaurant Opportunity

      Established waterfront restaurant in historic Rocky Neck art colony.
      73 Rocky Neck Ave, Gloucester, MA 01930
      View Details
    • New
      $399,000
      0.06 Acres

      East Gloucester Commercial Condo Opportunity

      Commercial condo in East Gloucester with potential for various uses.
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    • $40,000

      Gloucester Mobile Bar Business

      Profitable Turnkey Bar, High ROI
      99 Main St, Gloucester, MA 01930
      View Details
    • $899,000
      2,305 SF

      East Gloucester Mixed-Use Opportunity

      Iconic location with restaurant and residential potential.
      197 E Main U 1&2, Gloucester, MA 01930
      View Details
    • $1,500,000
      3,085 SF

      Iconic Waterfront Restaurant Opportunity

      Established restaurant with deep-water boat slips in historic Rocky Neck.
      73 Rocky Nck Ave 1, Gloucester, MA 01930
      View Details
    • $2,089,000
      8,068 SF

      Mixed-Use Building on Main Street

      Mixed-use building with retail and residential units in Gloucester, MA.
      100-102 Main St, Gloucester, MA 01930
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo

      Waterfront Restaurant Space Available

      Renovated restaurant space with patio and waterfront views.
      406 Washington St, Gloucester, MA 01930
      View Details
    • $1,100 /Mo

      Downtown Gloucester Retail Space Available

      700 sq ft commercial space in downtown Gloucester/Magnolia.
      29 Lexington Ave, Gloucester, MA 01930
      View Details
    • $2,000 /Mo
      1,700 SF

      Downtown Magnolia Retail/Office Space

      Corner store location suitable for retail or office use.
      27 Lexington Ave, Gloucester, MA 01930
      View Details
    • $3,730 /Mo
      2,758 SF

      Downtown Gloucester Retail/Office Space

      Versatile 2,758 SF space suitable for retail or office.
      186 Gloucester Ave, Gloucester, MA 01930
      View Details
    • $3,730 /Mo

      Downtown Gloucester Retail/Office Space

      Versatile 2,758 SF space in Brown's Mall.
      186 Main St, Gloucester, MA 01930
      View Details
    • Contact for pricing
      386,000 SF

      Gloucester Crossing Retail Space

      Prime Essex County retail space available.
      100 Gloucester Crossing Rd, Gloucester, MA 01930
      View Details
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    23 Main St
    Gloucester, MA 01930-3014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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