Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    27 Fairgrounds Rd Nantucket, MA 02554-2813
    Back to Search
    Property profile & analytics

    27 Fairgrounds Rd, Nantucket, MA 02554-2813

    View on Map
    • Turn key restaurants
    • 5,410 SF
    • 1.55 lot acres
    Off-Market
    Last Sale Feb 17, 2026
    $4,200,000
    Property ID
    US38-1209010
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Builders License Training Institute / Training Centre / Architecture School
    • Faregrounds Restaurant / Restaurant

    Property Details for 27 Fairgrounds Rd

    Year built
    1950
    Construction
    FRAME
    Lot size
    1.55 lot acres
    Zone code
    R10
    Property type
    Turn key restaurants
    APN
    NANT M:00067 P:00150
    APU
    NANTM00067P00150

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 17, 2026 $4,200,000 27 Farigrounds LLC Wkp RT Deed $2.9M · Cape Cod Five Cents Savings Bank
    May 31, 2019 — Wkp RT — Deed · related $500k · Cape Cod Five Cents Savings Bank
    Mar 24, 2006 — Wkp RT — Deed Of Trust · related $1.1M · Sovereign Bank
    Mar 15, 2002 — Wkp RT — Deed Of Trust · related $200k · Nantucket Savings Bank
    Mar 24, 1999 $1,400,000 Wkp RT Ksm RT Grant Deed $1.1M · Nantucket Savings Bank
    Mar 24, 1999 — Wkp RT — Deed Of Trust · related $200k · Zenon Grzybowski
    May 23, 1997 — Ksm Realty Trust — Deed Of Trust · related $175k · Nantucket Savings Bank
    Feb 3, 1993 $736,000 Ksm RT Holdgate,robert W JR Grant Deed $350k · Zenon Grzybowski

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nantucket
    County
    Nantucket
    State
    Massachusetts
    Longitude
    -70.0904
    Latitude
    41.2668

    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
    $12,229
    $1,011,500
    $1,295,900
    $2,307,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,632 SF

      23 Washington St

      RESTAURANT
      23 Washington St, Nantucket, MA 02554-3848
      View Details
    • Value Estimation by Request
      1,416 SF

      11 Crk Rd

      RESTAURANT
      11 Crk Rd, Nantucket, MA 02554-4031
      View Details
    • Value Estimation
      $1,215,000
      7,096 SF

      38 Main St

      RESTAURANT
      38 Main St, Nantucket, MA 02554-3531
      View Details
    • Value Estimation by Request
      1,816 SF

      17 Old S Rd

      RESTAURANT
      17 Old S Rd, Nantucket, MA 02554-6065
      View Details
    • Value Estimation by Request
      2,653 SF

      130 Pleasant St

      RESTAURANT
      130 Pleasant St, Nantucket, MA 02554-4003
      View Details
    • Value Estimation by Request
      6,445 SF

      44 Surfside Rd

      RESTAURANT
      44 Surfside Rd, Nantucket, MA 02554-7039
      View Details

    Similar Nearby for Sale

    • $9,500,000
      4,799 SF

      Nantucket Prime Retail Corner

      Historic Nantucket mixed-use gem, high NOI.
      33 Main St, Nantucket, MA 02554
      View Details
    • $3,595,000

      Commercial Land Investment Opportunity

      Commercial land with lease in place until 2027.
      15 Nancy Ann Ln, Nantucket, MA 02554
      View Details
    • $2,200,000
      2,238 SF

      Nantucket Commercial Property with Expansion

      Commercial property with expansion potential in a convenient location.
      43 Appleton Rd, Nantucket, MA 02554
      View Details
    • $2,495,000
      3,478 SF

      Nantucket Multi-Family Investment Opportunity

      Two-unit property near transportation, shops, and restaurants.
      106 Old South Rd, Nantucket, MA 02554
      View Details
    • $1,650,000
      0.46 Acres

      Surfside Vacant Lot Opportunity

      Half-acre vacant lot in Nantucket's desirable Surfside area.
      11 Woodland Dr, Nantucket, MA 02554
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27 Fairgrounds Rd
    Nantucket, MA 02554-2813
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    27 Fairgrounds Rd, Nantucket, MA, 02554
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!