Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Retail properties & Spaces
34 Ctr St Nantucket, MA 02554-3660
Entity Owned
1-yr Hold
Property ID
US38-1818285
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1850
Construction
FRAME
Total area
3,545 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CDT
APN
NANT M:04231 P:00120
UPID
US38-1818285
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
-
Graficas Gallery Art Gallery
-
Centre Street Realty Real Estate Agency
-
Jeannie Vincent, REALTOR®, Centre Street Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.69M
Blend (final)
Blend
$3.45M
Owner & transaction history
Blue Sky Retail LLC · 1 yrs held
Blue Sky Retail LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
CDT · 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
$3,250,000
ML approach
$3,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,815,000
Current use
COMMERCIAL (GENERAL)
$3,115,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.50M (Jan 31 2025)
Last sale anchor
$3.50M
Jan 31 2025
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
$973 / 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
$19,727
Tax year 2024
Assessed value
$3,722,000
Assessed 2024
Previous assessed
$3,436,500
+8.3% YoY
Effective rate
0.53%
On assessed value
Assessed land
$2,362,900
Assessed improvement
$1,359,100
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
1850
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
3
Bathrooms
3
Total area
3,545 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CDT
APN
NANT M:04231 P:00120
UPID
US38-1818285
Jurisdiction
NANTUCKET
Zoning & alternative use
CDT · Nantucket, MA
Zoning CDT · permitted uses
CDT · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES Current
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
1850
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
3
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Blue Sky Retail LLC
Entity
Mailing address
PO BOX 1334, LA JOLLA, CA 92038-1334
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$3,500,000
Blue Sky Retail LLC
34 Centre St LLC
Deed
$2,625,000 · Digital FCU
May 10, 2023
—
34 Centre Street LLC
—
Deed
related
$1,775,000 · Cbk Group 2 LLC
Jun 23, 2011
—
34 Centre Street LLC
—
Deed Of Trust
related
$500,000 · Cape Cod Five Cent Bank
Apr 28, 2009
$1,570,000
34 Center Street LLC
Next Half LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 17, 2006
$3,500,000
Next Half LLC
Maloney,rosalie T
Grant Deed
$2,625,000 · Sovereign Bank
Feb 9, 2005
—
Rosalie T Grennan
—
Deed Of Trust
related
$500,000 · Hingham Institute For Savings
Aug 31, 2004
—
Rosalie T Grennan
—
Deed Of Trust
related
$600,000 · Washington Mutual Bank
Jan 2, 2002
—
Rosalie T Grennan
—
Deed Of Trust
related
$200,000 · Hingham Institute For Savings
Nov 20, 1995
—
Rosalie T Maloney
—
Deed Of Trust
related
$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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 34 Ctr St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
