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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Investment properties
377 State Rd, Vineyard Haven, MA 02568-7212
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1710627
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1970
Construction
FRAME
Total area
2,436 SF
Lot
3.28 ac (142,877 SF)
Zoning code
RU
APN
WTIS M:00011 B:00021 L:00000
UPID
US38-1710627
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
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.20M
Owner & transaction history
Kelmijo LLC · 1 yrs held
Kelmijo LLC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
RU · Vineyard Haven, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+41.9%
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 Vineyard Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vineyard Haven 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
$2,025,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,560,000
Current use
RETAIL STORES
$2,215,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±10% · vs last sale $2.20M (May 30 2025)
Last sale anchor
$2.20M
May 30 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
$901 / 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
$7,809
Tax year 2024
Assessed value
$1,816,000
Assessed 2024
Previous assessed
$1,816,000
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$976,800
Assessed improvement
$839,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
8
Bathrooms
3
Total area
2,436 SF
Lot
3.28 ac (142,877 SF)
Zoning code
RU
APN
WTIS M:00011 B:00021 L:00000
UPID
US38-1710627
Jurisdiction
WEST TISBURY
Zoning & alternative use
RU · Vineyard Haven, MA
Zoning RU · permitted uses
RU · Vineyard Haven, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vineyard Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
8
Bathrooms
3
Lot
3.28 ac
Current owner
From public records · entity-resolved
Kelmijo LLC
Entity
Mailing address
377 STATE RD, VINEYARD HAVEN, MA 02568-7212
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Kelmijo LLC
West Tisbury Town Of
Deed
related
—
Oct 12, 2023
$2,197,000
Lunchface LLC
Kelimijo LLC
Quit Claim Arm's Length For Ne States
$1,098,500 · Martha Vineyard Saving Bank
Oct 12, 2023
—
Lunchface LLC
—
Deed
related
$902,000 · South Eastern Economic Development
May 10, 2017
—
Kelimijo LLC
—
Deed
related
$1,028,000 · Edgartown National Bank
Apr 26, 2010
—
Kelimijo LLC
—
Deed Of Trust
related
$38,000 · Edgartown National Bank
Apr 16, 2009
—
Kelimijo LLC
—
Deed Of Trust
related
$50,000 · Edgartown National Bank
Jun 19, 2008
$1,350,000
Kelimijo LLC
Tmr LLC
Grant Deed
$675,000 · Edgartown National Bank
Jun 19, 2008
—
Kelimijo LLC
—
Grant Deed
related
$483,000 · Cape&islands Dev INC
Feb 11, 2003
$1,025,000
Tmr LLC
Hearn,kevin M
Grant Deed
$1,160,000 · Edgartown National Bank
Feb 11, 2003
—
Tmr LLC
—
Deed Of Trust
related
$300,000 · Zenon Grzybowski
Oct 6, 1995
—
Kevin M Hearn
—
Deed Of Trust
related
$20,000 · Dukes County Savings Bank
Jul 31, 1992
—
Kevin M Hearn
—
Deed Of Trust
related
$15,000 · Dukes County National Bank
Jul 29, 1992
—
Hearn,kevin M Tr
—
Deed Of Trust
related
$11,666 · Dukes County 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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