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Property profile & analytics
OFF-MARKET
Office Spaces
3 Freeman St, Provincetown, MA 02657-1442
Individually Owned
7-yr Hold
Free & Clear
Property ID
US38-0356172
Property summary
AI-generated overview
This exceptional 390-square-foot special purpose property at 3 Freeman Street in Provincetown, MA, 02657, is now available for lease. Located in the heart of town, just steps from Commercial Street, this single-tenant space offers a newly refreshed, functional layout ideal for a multi-person office, retail business, or gallery. The property sits on a 0.11-acre lot (APN 12-1-140-002) and includes one designated parking space. Additional features include ample storage and a private restroom. The space is tenant-ready and easily shown. Lease terms are favorable, with no additional fees beyond electricity and WiFi, which are the tenant's responsibility. This is a unique opportunity to secure a prime location in a thriving commercial area. The property's central location provides excellent visibility and accessibility for customers and employees alike. Don't miss this chance to establish your business in a highly desirable Provincetown setting. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1980
Construction
FRAME
Total area
380 SF
Lot
0.11 ac (4,962 SF)
Zoning code
TCC
APN
PROV M:12-1 P:140 E:003
UPID
US38-0356172
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
-
Hannahs Headlines Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Corey W Kustes · 7 yrs held
Corey W Kustes
since 2018
7 recorded transactions
Zoning & alternative use
TCC · Provincetown, 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 Provincetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Provincetown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,140
Tax year 2024
Assessed value
$218,900
Assessed 2024
Previous assessed
$218,900
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed improvement
$218,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
1
Rooms
1
Bathrooms
1
Total area
380 SF
Lot
0.11 ac (4,962 SF)
Zoning code
TCC
APN
PROV M:12-1 P:140 E:003
UPID
US38-0356172
Jurisdiction
PROVINCETOWN
Zoning & alternative use
TCC · Provincetown, MA
Zoning TCC · permitted uses
TCC · Provincetown, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Provincetown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
ELECTRIC
Stories
1
Buildings
1
Rooms
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Corey W Kustes
Individual
Free & Clear · 7 yrs held
Mailing address
3 FREEMAN ST, PROVINCETOWN, MA 02657-1442
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2019
—
Provincetown Business
—
Deed
related
$87,000 · Seamens Savings Bank
Aug 21, 2018
—
Corey W Kustes
Kustes,corey
Quit Claim Deed
related
—
Dec 31, 2004
$1
Corey Kustes
Glass,william R
Grant Deed
related
—
Jun 17, 2004
$145,000
William R Glass
Schiffman,mark E
Grant Deed
—
Aug 20, 2002
—
Mark E Schiffman
—
Deed Of Trust
related
$360,000 · Seamens Savings Bank
Jul 16, 1997
$67,500
Mark E Schiffman
Weiss,kenneth C
Grant Deed
—
Mar 25, 1987
—
Kenneth C Weiss
—
Deed Of Trust
related
$40,000 · Wells Fargo Finance
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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