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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Commercial real estate
33 Bartlett Farm Rd Nantucket, MA 02554-4341
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0954812
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
5.04 ac (219,542 SF)
Zoning code
CN
APN
NANT M:00082 P:00503
UPID
US38-0954812
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
-
Bartlett's Farm Food Market Farmer's Market
-
Dharma Yoga Nantucket at Bartlett's Farm Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Bovf LLC · 7 yrs held
Bovf LLC
since 2019
6 recorded transactions
Zoning & alternative use
CN · 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
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$38,844
Tax year 2020
Assessed value
$7,555,500
Assessed 2024
Previous assessed
$7,262,400
+4.0% YoY
Effective rate
0.51%
On assessed value
Assessed land
$1,805,500
Assessed improvement
$5,750,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
1
Lot
5.04 ac (219,542 SF)
Zoning code
CN
APN
NANT M:00082 P:00503
UPID
US38-0954812
Jurisdiction
NANTUCKET
Zoning & alternative use
CN · Nantucket, MA
Zoning CN · permitted uses
CN · 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
Heating
NONE
Cooling
Yes
Buildings
2
Units
1
Lot
5.04 ac
Current owner
From public records · entity-resolved
Bovf LLC
Entity
Mailing address
33 BARTLETT FARM RD, NANTUCKET, MA 02554-4341
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2019
—
Bovf LLC
—
Deed
related
$7,000,000 · Farm Credit Svcs
Dec 12, 2018
—
Bartlett Farm LLC
—
Deed
related
$3,068,928 · Farm Credit Svcs
Mar 24, 2008
—
Bovf LLC
—
Deed Of Trust
related
$2,500,000 · First Pioneer Farm Credit Aca
Oct 13, 2004
—
Bovf LLC
—
Deed Of Trust
related
$1,200,000 · Windmill T
—
—
Bartlett Farm LLC
—
Deed Of Trust
related
$3,068,928 · Farm Credit Svcs
—
—
Bovf LLC
—
Deed Of Trust
related
$7,000,000 · Farm Credit Svcs
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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