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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Retail space
32 Maplewood Ave Gloucester, MA 01930-2755
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1677521
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
FRAME
Total area
3,084 SF
Lot
0.44 ac (19,100 SF)
Zoning code
EB
APN
GLOU M:0024 B:0001 L:0000
UPID
US38-1677521
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
-
Gloucester Rental Center Inc Party Supply Store Rental Equipment Company
-
Gloucester Rental Center (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Gloucester E-Bike Rental Cycling Facility (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$860k
Owner & transaction history
32-38a Maplewood Ave LLC · 3 yrs held
32-38a Maplewood Ave LLC
since 2022
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
EB · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$795,000
+15.6%
Auto repair, garage
$740,000
+7.7%
Commercial (general)
$695,000
+1.6%
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
$895,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
RETAIL STORES
$685,000
Current use
OFFICE BUILDING
$795,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$740,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$695,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $850k (Oct 13 2022)
Last sale anchor
$850k
Oct 13 2022
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
$279 / 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
$6,993
Tax year 2024
Assessed value
$695,800
Assessed 2024
Previous assessed
$695,800
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$326,800
Assessed improvement
$369,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
3,084 SF
Lot
0.44 ac (19,100 SF)
Zoning code
EB
APN
GLOU M:0024 B:0001 L:0000
UPID
US38-1677521
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
EB · Gloucester, MA
Zoning EB · permitted uses
EB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$695,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1950
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
32-38a Maplewood Ave LLC
Entity
Mailing address
32 MAPLEWOOD AVE38A, GLOUCESTER, MA 01930-2755
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2022
$850,000
32-38a Maplewood Ave LLC
Rjh Holdings LLC
Quit Claim Arm's Length For Ne States
$860,000 · Cape Ann Savings Bank
Dec 20, 2018
$730,000
Rjh Holdings LLC
32 Maplewood Avenue LLC
Quit Claim Arm's Length For Ne States
$505,000 · Provident Bank
Feb 6, 2008
—
32 Maplewood Avenue LLC
—
Deed Of Trust
related
$285,000 · Gloucester Capital Bank
Apr 30, 2004
$1
32 Maplewood Avenue LLC
130 Washington RT
Grant Deed
related
—
Oct 28, 1997
—
Charles E Works
—
Deed Of Trust
related
$892,163 · Warren Five Cts Savings
May 16, 1996
$250,000
Stephen Malboeuf
Margolis,elliott
Grant Deed
$150,000 · Gloucester Bank & Trust Co
May 16, 1996
—
Stephen R Malboeuf
—
Deed Of Trust
related
$50,000 · Elliott C Margolis
Oct 20, 1992
—
RT Works
—
Deed Of Trust
related
$200,000 · Warren Five Cts Savings
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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