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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Turn key restaurants
31 Dock St Edgartown, MA 02539-8151
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US38-0595426
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
FRAME
Total area
6,873 SF
Lot
0.24 ac (10,432 SF)
APN
EDGA M:020D B:0305 L:
UPID
US38-0595426
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
$666k
Blend (final)
Blend
$665k
Owner & transaction history
Seafood Shanty RT · 25 yrs held
Seafood Shanty RT
since 2000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+97.1%
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 Edgartown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgartown 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
Alternative Use
Use
Estimation
RESTAURANT
$515,000
Current use
RETAIL STORES
$1,020,000
Change: +97% · Conversion: Easy
AUTO REPAIR, GARAGE
$505,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$97 / 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
$13,766
Tax year 2024
Assessed value
$5,398,500
Assessed 2024
Previous assessed
$5,398,500
+0.0% YoY
Effective rate
0.25%
On assessed value
Assessed land
$3,032,700
Assessed improvement
$2,365,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
6,873 SF
Lot
0.24 ac (10,432 SF)
APN
EDGA M:020D B:0305 L:
UPID
US38-0595426
Jurisdiction
EDGARTOWN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$515,000
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$505,000
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
Seafood Shanty RT
Individual
Mailing address
PO BOX 3450, EDGARTOWN, MA 02539-3450
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2019
—
Seafood Shanty
—
Deed
related
$200,000 · Martha Vineyard Sb
Nov 1, 2017
—
Seafood Shanty Realty Trust
—
Deed
related
$688,000 · Martha Vineyard Sb
Apr 16, 2013
—
Seafood Shanty RT
—
Deed Of Trust
related
$120,000 · Martha Vineyard Savings Bank
Aug 25, 2009
—
Seafood Shanty RT
—
Deed Of Trust
related
$50,000 · Martha Vineyard Savings Bank
Oct 26, 2004
—
Seafood Shanty RT
—
Deed Of Trust
related
$2,320,000 · Zions First National Bank
Apr 22, 2004
—
Page,denise L Tr
—
Deed Of Trust
related
$200,000 · Edgartown National Bank
Feb 14, 2003
—
Seafood Shanty RT
—
Deed Of Trust
related
$120,000 · Edgartown National Bank
Nov 29, 2002
—
Seafood Shanty RT
—
Deed Of Trust
related
$1,231,000 · Hingham Institute For Savings
Apr 12, 2002
—
Frank J Pellegrino
—
Deed Of Trust
related
$75,000 · Edgartown National Bank
Aug 25, 2000
$2,100,000
Seafood Shanty RT
Rrr Holding Co INC
Grant Deed
$1,250,000 · Allied Capital Lend
Aug 25, 2000
—
Seafood Shanty RT
—
Deed Of Trust
related
$250,000 · Raymond R Rourke
May 10, 1993
—
Seafood Shanty Assocs
—
Deed Of Trust
related
$350,000 · Marthas Vineyard Natl Bank
Jul 18, 1990
—
Seafd Shanty Assoc LP
—
Deed Of Trust
related
$1,050,000 · Shawmut Bank
—
—
Seafood Shanty Realty Trust
—
Deed Of Trust
related
$688,000 · Martha Vineyard Sb
—
—
Seafood Shanty Realty Trust
—
Deed Of Trust
related
$400,000 · Martha Vineyard Sb
—
—
Seafood Shanty
—
Deed Of Trust
related
$200,000 · Martha Vineyard Sb
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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