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Property profile & analytics
OFF-MARKET
Estimated value
$4,830,000
Retail properties & Spaces
32 Washington St Nantucket, MA 02554-3849
Entity Owned
2-yr Hold
Property ID
US38-1086343
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1995
Construction
FRAME
Total area
1,769 SF
Lot
0.2 ac (8,712 SF)
Zoning code
RC
APN
NANT M:04223 P:00001
UPID
US38-1086343
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
-
Maria Mitchell Aquarium & Sea Shop Resort
-
The Sea Shop at the MMA Aquarium (Bike/Boat/Book/etc) Store Pet Store & Service
-
Trimaran Alexandra | Contour 50 Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.83M
Owner & transaction history
Nac Conservation INC · 2 yrs held
Nac Conservation INC
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
RC · Nantucket, 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 Nantucket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nantucket 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
$4,730,000
ML approach
$4,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±10% · vs last sale $5.00M (Oct 19 2023)
Last sale anchor
$5.00M
Oct 19 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
$2,730 / 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
$22,326
Tax year 2024
Assessed value
$4,212,500
Assessed 2024
Previous assessed
$3,861,700
+9.1% YoY
Effective rate
0.53%
On assessed value
Assessed land
$3,517,800
Assessed improvement
$694,700
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Bathrooms
2
Total area
1,769 SF
Lot
0.2 ac (8,712 SF)
Zoning code
RC
APN
NANT M:04223 P:00001
UPID
US38-1086343
Jurisdiction
NANTUCKET
Zoning & alternative use
RC · Nantucket, MA
Zoning RC · permitted uses
RC · Nantucket, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nantucket. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Nac Conservation INC
Entity
Mailing address
32 WASHINGTON ST, NANTUCKET, MA 02554-3849
Ownership since
2023
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
Oct 19, 2023
$5,000,000
Nac Conservation INC
Richard E Kotalac
Quit Claim Arm's Length For Ne States
$2,000,000 · Richard E Kotalac-jr
May 5, 2008
—
Richard E Kotalac JR.
—
Deed Of Trust
related
$500,000 · Nantucket Savings Bank
Jul 31, 2007
—
Richard E Kotalac JR.
—
Deed Of Trust
related
$750,000 · Sovereign Bank
Aug 12, 2004
—
Richard E Kotalac JR.
—
Deed Of Trust
related
$700,000 · Sovereign Bank
Jan 9, 2004
—
Richard E Kotalac JR.
—
Deed Of Trust
related
$160,000 · Nantucket Savings Bank
Jul 3, 2002
—
Richard E Kotalac
—
Deed Of Trust
related
$100,000 · Nantucket Savings Bank
Mar 7, 2000
—
Richard E Kotalac JR.
—
Deed Of Trust
related
$125,000 · Nantucket Savings Bank
Apr 8, 1998
—
Richard E Kotalac JR.
—
Deed Of Trust
related
$240,000 · Nantucket Savings Bank
Mar 5, 1996
—
Richard E Kotlac JR.
—
Deed Of Trust
related
$234,000 · Pacific National Bank Nant
Feb 27, 1995
$250,000
Richard E Kotalac JR.
Prichard,ruth
Grant Deed
$125,000 · Pacific National Bank Nant
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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