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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Retail space
351 Commercial St, Provincetown, MA 02657-2202
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1822871
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
FRAME
Total area
750 SF
Lot
0.02 ac (828 SF)
Zoning code
TCC
APN
PROV M:12-1 P:8
UPID
US38-1822871
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
-
Respoke Clothing & Fashion Store
-
Blanche Lazzel Cottage (Segura Prop) Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Fire Truck 5 LLC · 4 yrs held
Fire Truck 5 LLC
since 2021
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
TCC · Provincetown, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$500,000
+195.4%
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
$715,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$500,000
Change: +195% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $750k (Nov 23 2021)
Last sale anchor
$750k
Nov 23 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
$1,007 / 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
$4,422
Tax year 2024
Assessed value
$848,800
Assessed 2024
Previous assessed
$848,800
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$642,800
Assessed improvement
$206,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
2
Rooms
2
Bathrooms
1
Total area
750 SF
Lot
0.02 ac (828 SF)
Zoning code
TCC
APN
PROV M:12-1 P:8
UPID
US38-1822871
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$500,000
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
1900
Construction
FRAME
Heating
SPACE
Stories
2
Buildings
1
Rooms
2
Bathrooms
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Fire Truck 5 LLC
Entity
Mailing address
151 W 25TH ST FL, NEW YORK, NY 10001-7204
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
$750,000
Fire Truck 5 LLC
Padiington RT
Quit Claim Arm's Length For Ne States
$250,000 · Evelynn M Gentemann
Nov 30, 2012
—
Paddington RT
—
Deed Of Trust
related
$357,520 · Don T Thompson
Dec 1, 2005
$565,000
Paddington RT
Thom&vigliotti Nominee RT
Grant Deed
$376,931 · Sandy Rosenberg
Dec 1, 2005
—
Paddington RT
—
Deed Of Trust
related
$75,068 · Thom & Vigliotti Nt
Dec 9, 2004
—
Frank Vigliotti
—
Deed Of Trust
related
$60,000 · Seamens Savings Bank
Mar 31, 2003
—
Thom Nt
—
Deed Of Trust
related
$45,000 · Seamens Savings Bank
Sep 4, 2002
$525,000
Thom RT
Palms To Pines INC
Grant Deed
$385,000 · Zwi Kohorn
Sep 4, 2002
—
Thom RT
—
Deed Of Trust
related
$15,000 · Zwi Kohorn
Apr 22, 2002
—
Palms To Pines INC
—
Deed Of Trust
related
$145,000 · Seamens Savings Bank
Sep 9, 1996
—
Palms To Pines INC
—
Deed Of Trust
related
$75,000 · Seamens Savings Bank
Aug 18, 1995
$150,000
Palms To Pines INC
Calomiris Angela Est
Grant Deed
—
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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