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Property profile & analytics
OFF-MARKET
Estimated value
$195,000
Assisted living facilities
272 Washington St Gloucester, MA 01930-4818
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1326116
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1962
Construction
STEEL FRAME
Total area
28,262 SF
Lot
2.03 ac (88,427 SF)
Zoning code
R-10
APN
GLOU M:0085 B:0047 L:0000
UPID
US38-1326116
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
by Request
Blend (final)
Blend
$195k
Owner & transaction history
272 Washington Street LLC · 1 yrs held
272 Washington Street LLC
since 2024
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
R-10 · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is characterized by suburban residential development in existing neighborhoods, and provides a transition from the suburban areas of the city to the more densely populated areas of downtown.
Zone name
Medium High Density Residential
General category
COMMERCIAL
Zone area
1,949.35 ac
Source
Realmo
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 Gloucester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gloucester 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
Blend value · Realmo final
$195k
Range $176k – $215k · ±10% · vs last sale $2.94M (Aug 22 2024)
Last sale anchor
$2.94M
Aug 22 2024
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
$7 / 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
$21,718
Tax year 2024
Assessed value
$2,161,000
Assessed 2024
Previous assessed
$2,161,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$808,000
Assessed improvement
$1,353,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
101
Bathrooms
3
Total area
28,262 SF
Lot
2.03 ac (88,427 SF)
Zoning code
R-10
APN
GLOU M:0085 B:0047 L:0000
UPID
US38-1326116
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R-10 · Gloucester, MAZoning R-10 · permitted uses
R-10 · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is characterized by suburban residential development in existing neighborhoods, and provides a transition from the suburban areas of the city to the more densely populated areas of downtown.
Zone name
Medium High Density Residential
General category
COMMERCIAL
Zone area
1,949.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1962
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
101
Bathrooms
3
Lot
2.03 ac
Current owner
From public records · entity-resolved
272 Washington Street LLC
Entity
Mailing address
272 WASHINGTON ST, GLOUCESTER, MA 01930-4818
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$2,937,853
272 Washington Street LLC
Four Mando LLC
Deed
$2,937,853 · Cmnty Econ Dev Assist
May 5, 2023
—
Four Mando LLC
—
Deed
related
$9,085,000 · North Shore Bank
Mar 31, 2023
$200,000
Four Mando LLC
Gph Gloucester LLC
Quit Claim Arm's Length For Ne States
$9,500,000 · Bee Investments LLC
Apr 27, 2006
$2,930,000
Gph Gloucester LLC
Beverly Enterp-massachuse
Grant Deed
$999,999,999 · Column Financial INC
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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