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Property profile & analytics
OFF-MARKET
Estimated value
$2,880,000
Hotels
4 Prince St, Provincetown, MA 02657-1331
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0795997
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1890
Construction
FRAME
Total area
2,823 SF
Lot
0.08 ac (3,485 SF)
Zoning code
RES3
APN
PROV M:7-4 P:10
UPID
US38-0795997
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
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.88M
Owner & transaction history
Lcof Provincetown Cpbk · 4 yrs held
Lcof Provincetown Cpbk
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
RES3 · Provincetown, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+103.7%
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
$2,805,000
ML approach
$2,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,885,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$2.88M
Range $2.59M – $3.17M · ±10% · vs last sale $2.94M (Nov 18 2021)
Last sale anchor
$2.94M
Nov 18 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
$1,020 / 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
$9,362
Tax year 2024
Assessed value
$1,796,900
Assessed 2024
Previous assessed
$1,796,900
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$896,200
Assessed improvement
$900,700
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
2
Rooms
8
Bathrooms
6
Total area
2,823 SF
Lot
0.08 ac (3,485 SF)
Zoning code
RES3
APN
PROV M:7-4 P:10
UPID
US38-0795997
Jurisdiction
PROVINCETOWN
Zoning & alternative use
RES3 · Provincetown, MA
Zoning RES3 · permitted uses
RES3 · 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
$1.9M
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
1890
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
2
Rooms
8
Bathrooms
6
Lot
0.08 ac
Current owner
From public records · entity-resolved
Lcof Provincetown Cpbk
Individual
Mailing address
225 WATER ST STE A125, PLYMOUTH, MA 02360-6247
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$2,935,933
Lcof Provincetown Cpbk
Boutique Hospitality INC
Quit Claim Arm's Length For Ne States
$15,233,000 · Harborone Bank
Nov 9, 2020
—
Boutique Hospitality INC
—
Deed
related
$200,000 · Cape Cod Cooperative Bank
Jul 2, 2012
—
Boutique Hospitality INC
—
Deed Of Trust
related
$775,000 · Webster Bank
Aug 30, 2007
—
Boutique Hospitality INC
—
Deed Of Trust
related
$3,795,911 · Webster Bank
Nov 3, 2004
—
Boutique Hospitality INC
—
Deed Of Trust
related
$290,000 · Webster Bank
Dec 5, 2003
—
Boutique Hospitality INC
—
Deed Of Trust
related
$400,000 · First Federal Savings Bank
Dec 30, 2002
—
Boutique Hospitality INC
—
Deed Of Trust
related
$3,350,000 · First Federal Savings Bank
Jun 2, 2000
$425,000
Thomas J Walter
Brown,arthur J
Grant Deed
$340,000 · Thomas M Sykes
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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