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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
37 Main St Nantucket, MA 02554-3542
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US38-0471200
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1847
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,384 SF
Lot
0.03 ac (1,307 SF)
Zoning code
CDT
APN
NANT M:04231 P:00209
UPID
US38-0471200
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
-
Maury People Sotheby's International Realty Real Estate Agency
-
Bernadette Meyer Real Estate Agency
-
LivNantucket Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$920k
Blend (final)
Blend
$875k
Owner & transaction history
Investment Mgmt RT · 28 yrs held
Investment Mgmt RT
since 1998
7 recorded transactions
Zoning & alternative use
CDT · Nantucket, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$685,000
+17.2%
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
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$585,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$367 / 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
$27,527
Tax year 2024
Assessed value
$5,193,700
Assessed 2024
Previous assessed
$5,023,500
+3.4% YoY
Effective rate
0.53%
On assessed value
Assessed land
$4,279,200
Assessed improvement
$914,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1847
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
2,384 SF
Lot
0.03 ac (1,307 SF)
Zoning code
CDT
APN
NANT M:04231 P:00209
UPID
US38-0471200
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
OFFICE BUILDING Current
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$685,000
OFFICE BUILDING 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
1847
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Investment Mgmt RT
Entity
Mailing address
35 MAIN ST, NANTUCKET, MA 02554-3542
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2020
—
Investment Mgmt
—
Deed
related
$300,000 · Rockland Tr
Apr 6, 2007
—
Invest Mgmt RT
—
Deed Of Trust
related
$2,200,000 · Sovereign Bank
Jul 15, 1999
—
Marlin Capital Corp T
—
Deed Of Trust
related
$1,300,000 · Nantucket Savings Bank
Apr 30, 1998
$2,000,000
Investment Mgmt RT
Bovers,francie Z
Grant Deed
$1,270,000 · Nantucket Savings Bank
Apr 30, 1998
—
Investment Mgmt RT
—
Deed Of Trust
related
$350,000 · Zuckerman Family Nomi
May 15, 1997
—
Francie Z Bovers
—
Deed Of Trust
related
$485,000 · Nantucket Savings Bank
Mar 31, 1993
$800,000
Francie Z Bovers
Snow,robert B
Grant Deed
$60,000 · Zenon Grzybowski
—
—
Investment Mgmt
—
Deed Of Trust
related
$300,000 · Rockland Tr
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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