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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Investment properties
322 Commercial St Provincetown, MA 02657-2217
Entity Owned
4-yr Hold
Property ID
US38-1209851
Property summary
AI-generated overview
This exceptional 4,441 square foot special purpose property at 322 Commercial Street in Provincetown presents a unique investment opportunity. Situated on a 0.12-acre lot (APN 12-1-14-0), this single-tenant building offers a prime retail location in a high-traffic area between Freeman and Standish Streets – the gateway to Provincetown's vibrant downtown. The property's strategic placement ensures maximum exposure amongst established retail stores and restaurants, benefiting from consistent foot traffic throughout the day and evening. Ideal for a small, year-round business, the space includes approximately 350 square feet of retail area complemented by a convenient half bath. This property is perfectly positioned to capitalize on Provincetown's bustling tourism and thriving local economy. The building is available for lease commencing in 2025, presenting a timely opportunity for businesses seeking a prominent presence in this desirable location. Don't miss this chance to secure a foothold in the heart of Provincetown's commercial district. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
FRAME
Total area
4,441 SF
Lot
0.12 ac (5,184 SF)
Zoning code
TCC
APN
PROV M:12-1 P:14
UPID
US38-1209851
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
-
How Bazaar (Bike/Boat/Book/etc) Store
-
Mom's Printshop (Bike/Boat/Book/etc) Store Printing Service
-
Storm Scooters PTown Car Rental Facility
-
Apres Surf Shop - Storm Scooters Clothing & Fashion Store
-
Henna Tattoo Ptown Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.33M
Owner & transaction history
Lexvest 322 Com LLC · 4 yrs held
Lexvest 322 Com LLC
since 2022
Last sale
$1.3M
5 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
Method
Estimation
Statistic approach
$1,240,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.32M (Apr 15 2022)
Last sale anchor
$1.32M
Apr 15 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
$299 / 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
Assessed value
$2,035,900
Assessed 2024
Previous assessed
$2,035,900
+0.0% YoY
Assessed land
$504,600
Assessed improvement
$1,531,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
HOT WATER
Buildings
3
Stories
3
Units
4
Rooms
13
Bathrooms
5
Total area
4,441 SF
Lot
0.12 ac (5,184 SF)
Zoning code
TCC
APN
PROV M:12-1 P:14
UPID
US38-1209851
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
1940
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
3
Units
4
Rooms
13
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lexvest 322 Com LLC
Entity
Mailing address
141 PARKER ST STE #305, MAYNARD, MA 01754-2180
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
—
Lexvest 322 Com LLC
—
Deed
related
$1,500,000 · Cape Cod Cooperative Bank
Apr 15, 2022
$1,323,809
Lexvest 322 Com LLC
G William Bradford RT
Quit Claim Arm's Length For Ne States
$5,250,000 · Cape Cod Cooperative Bank
May 3, 2001
$840,000
William Bradford T
Mackenzie LP No 1 LP
Grant Deed
$731,000 · Thomas M Sykes
Oct 26, 1990
—
Invest Consul Robinson
—
Deed Of Trust
related
$400,000 · Cape Cod Five Cent Bank
Sep 23, 1988
—
Robinson Invest Trust
—
Deed Of Trust
related
$500,000 · Sentry Fed Svgs Bk
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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