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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Turn key restaurants
289 Main St, Gloucester, MA 01930-6016
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1240232
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
FRAME
Total area
3,134 SF
Lot
0.05 ac (1,983 SF)
Zoning code
CB
APN
GLOU M:0010 B:0025 L:0000
UPID
US38-1240232
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
-
Howard Blackburn Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$860k
Owner & transaction history
Ranger Qof-ma LLC · 2 yrs held
Ranger Qof-ma LLC
since 2024
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
CB · 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
$855,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $875k (Nov 9 2023)
Last sale anchor
$875k
Nov 9 2023
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
$274 / 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
$6,127
Tax year 2024
Assessed value
$609,700
Assessed 2024
Previous assessed
$609,700
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$293,300
Assessed improvement
$316,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
1
Bathrooms
3
Total area
3,134 SF
Lot
0.05 ac (1,983 SF)
Zoning code
CB
APN
GLOU M:0010 B:0025 L:0000
UPID
US38-1240232
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Gloucester, MA
Zoning CB · permitted uses
CB · 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
1900
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
1
Bathrooms
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
Ranger Qof-ma LLC
Entity
Mailing address
289 MAIN ST, GLOUCESTER, MA 01930-6016
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Ranger Qof-ma LLC
—
Deed
related
$300,000 · Cape Ann Savings Bank
Jan 16, 2024
$875,000
Ranger Qof-ma LLC
Dennis Flavin
Correction Deed
related
—
Nov 9, 2023
$1,025,000
Ranger Qof- Ma LLC
Dennis Flavin
Quit Claim Arm's Length For Ne States
—
Mar 25, 2022
—
Dennis Flavin
—
Deed
related
$50,000 · Cape Ann Savings Bank
Aug 16, 2021
—
Dennis Flavin
—
Deed
related
$50,000 · Cape Ann Savings Bank
Nov 25, 2019
—
Dennis Flavin
—
Deed
related
$350,000 · Cape Ann Savings Bank
Aug 3, 2004
—
Dennis Flavin
—
Deed Of Trust
related
$380,000 · Cape Ann Savings Bank
Jan 30, 2002
—
Dennis Flavin
—
Deed Of Trust
related
$250,000 · Cape Ann Savings Bank
Feb 20, 2001
$250,000
Dennis Flavin
Brandner,anton C
Grant Deed
$250,000 · Gloucester Bk & Tr Co
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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