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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Motels
33 Rockport Rd Gloucester, MA 01930-1917
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1450985
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Construction
FRAME
Total area
10,680 SF
Lot
1.17 ac (50,965 SF)
Zoning code
EB
APN
GLOU M:0180 B:0008 L:0000
UPID
US38-1450985
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
-
Cape Ann SUP & Surf Co, Long Beach Surf School
-
Cape Ann Motor Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.03M
Owner & transaction history
B Assoc · 22 yrs held
B Assoc
since 2003
3 recorded transactions
Zoning & alternative use
EB · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Extensive Business Districts are located along collector streets in various areas of the city. Business, service and retail uses serving a regional clientele are allowed; residential uses are generally not allowed.
Zone name
Extensive Business
General category
COMMERCIAL
Zone area
275.91 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$1.6M
+140.0%
Restaurant
$1.5M
+128.9%
Retail stores
$1.5M
+125.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$675,000
Current use
INDUSTRIAL (GENERAL)
$1,615,000
Change: +140% · Conversion: Difficult
RESTAURANT
$1,540,000
Change: +129% · Conversion: Difficult
RETAIL STORES
$1,520,000
Change: +126% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,405,000
Change: +109% · Conversion: Difficult
OFFICE BUILDING
$1,400,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,195,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,125,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$96 / 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
$31,017
Tax year 2024
Assessed value
$3,086,300
Assessed 2024
Previous assessed
$3,086,300
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,508,000
Assessed improvement
$578,300
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
3
Units
1
Bathrooms
3
Total area
10,680 SF
Lot
1.17 ac (50,965 SF)
Zoning code
EB
APN
GLOU M:0180 B:0008 L:0000
UPID
US38-1450985
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
EB · Gloucester, MAZoning EB · permitted uses
EB · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Extensive Business Districts are located along collector streets in various areas of the city. Business, service and retail uses serving a regional clientele are allowed; residential uses are generally not allowed.
Zone name
Extensive Business
General category
COMMERCIAL
Zone area
275.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$675,000
INDUSTRIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
FRAME
Heating
BASEBOARD
Stories
3
Buildings
1
Units
1
Bathrooms
3
Lot
1.17 ac
Current owner
From public records · entity-resolved
B Assoc
Individual
Mailing address
33 ROCKPORT RD, GLOUCESTER, MA 01930-1917
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2003
—
B Assoc
—
Deed Of Trust
related
$625,000 · Banknorth NA
Jan 16, 1992
—
Richard Burkhardt
—
Deed Of Trust
related
$400,000 · Gloucester Bank & Trust Co
Feb 4, 1991
—
Richard E Burkhardt
—
Deed Of Trust
related
$260,000 · Gloucester Bank & Trust Co
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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