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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Investment properties
24 Kennebec Ave, Oak Bluffs, MA 02557-6987
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0149759
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1875
Construction
FRAME
Total area
1,515 SF
Lot
0.07 ac (3,049 SF)
Zoning code
B1
APN
OAKB M:0009 B:0018 L:000
UPID
US38-0149759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$515k
Owner & transaction history
Mark Morris · 10 yrs held
Mark Morris
since 2016
7 recorded transactions
Zoning & alternative use
B1 · Oak Bluffs, 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 Oak Bluffs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Bluffs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$720,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$340 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,959
Tax year 2021
Assessed value
$845,300
Assessed 2024
Previous assessed
$845,300
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$566,700
Assessed improvement
$278,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1875
Construction
FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
10
Bathrooms
3
Total area
1,515 SF
Lot
0.07 ac (3,049 SF)
Zoning code
B1
APN
OAKB M:0009 B:0018 L:000
UPID
US38-0149759
Jurisdiction
OAK BLUFFS
Zoning & alternative use
B1 · Oak Bluffs, MA
Zoning B1 · permitted uses
B1 · Oak Bluffs, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Bluffs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$720,000
OFFICE BUILDING
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
1875
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
10
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Mark Morris
Individual
Mailing address
24 LEAHS LN, EDGARTOWN, MA 02539-6129
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2016
$500,000
Mark Morris
24 Kennebec Nominee Trust
Quit Claim Deed
—
Apr 8, 2013
$1
24 Kennebec Nt
Hartzband,jonathan
Grant Deed
related
—
Oct 6, 2010
—
Jonathan Hartzband
—
Deed Of Trust
related
$380,000 · Edgartown National Bank
Aug 19, 2008
$485,000
Jonathan Hartzband
Bank Of New York Tr
Grant Deed
$385,000 · Wells Fargo Mortgage
Aug 8, 2008
$520,260
Bank Of New York
Menton-sullo,lucy
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 29, 2005
—
Lucy Menton Sullo
—
Deed Of Trust
related
$48,000 · Greenpoint Mortgage Funding
May 2, 2005
—
Lucy Menton Sullo
—
Deed Of Trust
related
$100,000 · Greenpoint Mortgage Funding
Dec 6, 2004
$690,000
Sullo,lucy Menton
Harshbarger,thad R
Grant Deed
$483,000 · Greenpoint Mortgage Funding
Dec 6, 2004
—
Menton-sullo,lucy
—
Grant Deed
related
$69,000 · Greenpoint Mortgage Funding
Oct 18, 2004
—
Judith Hartford
—
Deed Of Trust
related
$200,000 · Washington Mutual Bank
Apr 16, 2004
—
Judith Hartford
—
Deed Of Trust
related
$75,000 · Washington Mutual Bank
May 29, 2003
$1
Judith Hartford
Hartford,judith
Grant Deed
related
—
Sep 17, 2002
—
Judith Hartford
—
Deed Of Trust
related
$335,750 · Washington Mutual Bank
Feb 5, 2001
$395,000
Thad R Harshbarger
J&h LLC
Grant Deed
$335,750 · First Horizon Home Loan
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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