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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Commercial real estate
34 Mt Pleasant St, Rockport, MA 01966-1713
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1223761
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1832
Total area
3,208 SF
Zoning code
R3
APN
ROCK M:22 B:1 L:66
UPID
US38-1223761
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$800k
Owner & transaction history
Latitude Ventures LLC · 5 yrs held
Latitude Ventures LLC
since 2021
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
R3 · Rockport, 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 Rockport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockport 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
$1,045,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $825k (May 7 2021)
Last sale anchor
$825k
May 7 2021
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
$249 / 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
$6,600
Tax year 2024
Assessed value
$783,800
Assessed 2024
Previous assessed
$748,200
+4.8% YoY
Effective rate
0.84%
On assessed value
Assessed improvement
$783,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 CONDOMINUIM
Status
Off-Market
Year built
1832
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Bathrooms
9
Total area
3,208 SF
Zoning code
R3
APN
ROCK M:22 B:1 L:66
UPID
US38-1223761
Jurisdiction
ROCKPORT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Rockport, MA
Zoning R3 · permitted uses
R3 · Rockport, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1832
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Bathrooms
9
Current owner
From public records · entity-resolved
Latitude Ventures LLC
Entity
Mailing address
PO BOX 600, NASHUA, NH 03061-0600
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Latitude Ventures LLC
—
Deed
related
$275,000 · Cape Ann Savings Bank
May 7, 2021
$825,000
Latitude Ventures LLC
Sawsan A Galal LLC
Quit Claim Arm's Length For Ne States
$760,000 · Cape Ann Savings Bank
Oct 16, 2015
$630,000
Sawsan A Galal LLC
Sally Webster Inn RT
Quit Claim Arm's Length For Ne States
$504,000 · First Ipswich Bank
Mar 22, 2013
$1
Sally Webster Inn RT
Galpin,suzan
Grant Deed
related
—
Nov 12, 2010
$610,000
Dean Stairs
Fitzgerald,john
Grant Deed
$545,000 · Gloucester Capital Bank
Apr 2, 2001
$545,000
John Fitzgerald
Steere,richard F
Grant Deed
$495,000 · Rockport National Bank
Mar 3, 1998
$530,000
Richard F Steere
Muhlenberg,david J
Grant Deed
$227,150 · Peoples Mortgage Corp
Feb 22, 1996
—
David Muhlenberg
—
Deed Of Trust
related
$12,000 · Granite Savings Bank
Jan 4, 1996
—
David J Muhlenberg
—
Deed Of Trust
related
$260,000 · Granite Savings Bank
Jan 4, 1993
$310,000
David J Muhlenberg
Webster,janet M
Grant Deed
$200,000 · Rockport National Bank
Jan 14, 1992
—
Janet Webster
—
Deed Of Trust
related
$178,000 · Rockport National Bank
Mar 25, 1988
—
Janet M Webster
—
Deed Of Trust
related
$70,000 · Rockport National Bank
Feb 26, 1987
—
George H Webster
—
Deed Of Trust
related
$180,000 · Rockport National Bank
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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