Technical
Financial
Distress signals
Property profile

278 Main St Gloucester, MA 01930

OFF-MARKET
Investment properties
Property ID
US38-1435445
2,443 SF 0.06 ac lot Built 1986
Entity Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1986
Construction FRAME
Total area 2,443 SF
Lot 0.06 ac (2,765 SF)
Zoning code CB
APN GLOU M:0013 B:0003 L:0000
UPID US38-1435445

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Health Care Service

Location

278 Main St Gloucester, MA 01930-6022
Gloucester metro Census 221500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2020
Last sale
$239,900
5 recorded transactions
2023
Price N/A
2021
Price N/A
2020
$500,000
2002
Price N/A
2000
$239,900

Zoning & alternative use

CB · Gloucester, MA
Zoning description

The Central Business District is located on either side of Main Street, A broad range of business, retail, office and institutional uses are allowed, as are residential units above retail establishments, This is the city…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 278 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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