Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Investment properties
378 Commercial St Provincetown, MA 02657-2319
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0629534
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1840
Construction
FRAME
Total area
4,992 SF
Lot
0.12 ac (5,140 SF)
Zoning code
TCC
APN
PROV M:12-2 P:40
UPID
US38-0629534
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
-
Somerset House Inn Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.54M
Owner & transaction history
378 Com Street Ptown LLC · 4 yrs held
378 Com Street Ptown LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
TCC · Provincetown, 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 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
$2,440,000
ML approach
$2,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.60M (Feb 4 2022)
Last sale anchor
$2.60M
Feb 4 2022
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
$508 / 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
Assessed value
$2,521,600
Assessed 2024
Previous assessed
$2,521,600
+0.0% YoY
Assessed land
$503,900
Assessed improvement
$2,017,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1840
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
1
Rooms
22
Bathrooms
13
Total area
4,992 SF
Lot
0.12 ac (5,140 SF)
Zoning code
TCC
APN
PROV M:12-2 P:40
UPID
US38-0629534
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.
Building & site characteristics
From public records
Year built
1840
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
1
Rooms
22
Bathrooms
13
Lot
0.12 ac
Current owner
From public records · entity-resolved
378 Com Street Ptown LLC
Entity
Mailing address
169 BRADFORD ST, PROVINCETOWN, MA 02657-2421
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
378 Com Street Ptown LLC
—
Deed
related
$801,000 · Cape & Islands Community Development INC
Feb 4, 2022
$2,600,000
378 Com Street Ptown LLC
Somerset House RT
Quit Claim Arm's Length For Ne States
$1,300,000 · Seamens Savings Bank
Mar 1, 2005
$1,655,000
Daniel Hoort
Avalon I RT
Grant Deed
$1,456,000 · Industrial Cu
Mar 1, 2005
$1
Daniel Hoort
Hoort,daniel
Grant Deed
related
—
Jan 30, 2004
—
Avalon I RT
—
Deed Of Trust
related
$80,000 · Cape Cod Five Cent Bank
Oct 26, 1999
$778,699
Avalon I RT
Conrad,kenneth H
Grant Deed
$705,000 · Cape Cod Five Cent Bank
May 30, 1997
—
Kenneth H Conrad
—
Deed Of Trust
related
$490,000 · Cape Cod Five Cent Bank
Dec 13, 1996
—
Kenneth H Conrad
—
Deed Of Trust
related
$25,000 · Seamens Savings Bank
May 11, 1995
$745,000
Kenneth H Conrad
Palms To Pines RT
Grant Deed
$495,000 · Residential Mortgage Assoc
May 11, 1995
—
Kenneth H Conrad
—
Deed Of Trust
related
$60,000 · Residential Mortgage Assoc
May 29, 1991
$425,000
Don T Thompson
Gerrity John K Est
Grant Deed
$244,000 · Thomas M Sykes
May 29, 1991
—
Don T Thompson
—
Deed Of Trust
related
$50,000 · Zwi Kohorn
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 378 Commercial 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.
