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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Specialty properties
28 Emerson Ave Gloucester, MA 01930-2583
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0150485
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,632 SF
Lot
0.95 ac (41,595 SF)
Zoning code
GI
APN
GLOU M:0020 B:0005 L:0000
UPID
US38-0150485
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
Current use
Occupant on record · Public records
-
The Open Door Social Service Agency Charitable Organization
-
Open Door/Cape Ann Food Pantry - Food Distribution Center Food Bank Charitable Organization
-
Robin Stone Physician
-
Food Distribution Center - The Open Door/Massachusetts Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$670k
Owner & transaction history
Open Door Cape Ann Food · 16 yrs held
Open Door Cape Ann Food
since 2010
7 recorded transactions
Zoning & alternative use
GI · Gloucester, 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 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$36 / 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
Assessed value
$1,607,500
Assessed 2024
Previous assessed
$1,607,500
+0.0% YoY
Assessed land
$282,500
Assessed improvement
$1,325,000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
18,632 SF
Lot
0.95 ac (41,595 SF)
Zoning code
GI
APN
GLOU M:0020 B:0005 L:0000
UPID
US38-0150485
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GI · Gloucester, MA
Zoning GI · permitted uses
GI · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gloucester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.95 ac
Current owner
From public records · entity-resolved
Open Door Cape Ann Food
Individual
Mailing address
28 EMERSON AVE, GLOUCESTER, MA 01930-2583
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2012
—
Open Door
—
Deed Of Trust
related
$15,000 · Gloucester City
Feb 12, 2010
$500,000
Open Door Cape Ann Food
Wellspring House INC
Grant Deed
$300,000 · Open Door Cape Ann Sv
May 11, 2000
$240,000
Wellspring House INC
Anderson,edward G
Grant Deed
$240,000 · Warren Five Cts Savings
May 11, 2000
—
Wellspring House INC
—
Deed Of Trust
related
$10,000 · Warren Five Cts Savings
Feb 1, 1995
$200,000
Edward G Anderson
Concordia RT
Grant Deed
—
Dec 23, 1994
—
Wellspring House INC
—
Deed Of Trust
related
$450,000 · Warren Five Cts Savings
Mar 9, 1993
—
Concordia RT
—
Deed Of Trust
related
$285,447 · Robert Rapelye
Jul 24, 1991
—
Wellspring House INC
—
Deed Of Trust
related
$247,000 · Fleet National Bank
Feb 14, 1991
—
Concordia RT
—
Deed Of Trust
related
$161,314 · Bank Of New England NA
Jul 6, 1987
—
Wellspring House INC
—
Deed Of Trust
related
$70,000 · Zwi Kohorn
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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