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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Auto shops
48 Nobadeer Farm Rd Nantucket, MA 02554-2962
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0581629
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1995
Construction
FRAME
Total area
3,600 SF
Lot
0.28 ac (12,197 SF)
Zoning code
CTEC
APN
NANT M:00069 P:00036
UPID
US38-0581629
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
-
Island Rubbish Sanitation Service Garbage Collection Service
-
Brownell's Garage Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
5 Day Beans LLC · 5 yrs held
5 Day Beans LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CTEC · Nantucket, 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 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
$1,845,000
ML approach
$1,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,035,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.50M (Jan 28 2021)
Last sale anchor
$1.50M
Jan 28 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
$453 / 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
$9,443
Tax year 2024
Assessed value
$1,781,700
Assessed 2024
Previous assessed
$1,385,500
+28.6% YoY
Effective rate
0.53%
On assessed value
Assessed land
$1,044,300
Assessed improvement
$737,400
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,600 SF
Lot
0.28 ac (12,197 SF)
Zoning code
CTEC
APN
NANT M:00069 P:00036
UPID
US38-0581629
Jurisdiction
NANTUCKET
Zoning & alternative use
CTEC · Nantucket, MA
Zoning CTEC · permitted uses
CTEC · 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
COMMERCIAL (GENERAL)
Est. value
$1.0M
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
1995
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
5 Day Beans LLC
Entity
Mailing address
61 OLD S RD #373, NANTUCKET, MA 02554-2960
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
5 Day Beans LLC
—
Deed
related
$450,000 · Hingham Institution For Savings
Jan 28, 2021
$1,500,000
5 Day Beans LLC
Aj Garage LLC
Quit Claim Arm's Length For Ne States
$1,125,000 · Hingham Institution For Savings
May 18, 2012
$760,000
Aj Garage LLC
48 Nobadeer LLC
Grant Deed
$355,000 · Rockland Trust Co
May 18, 2012
—
Aj Garage LLC
—
Deed Of Trust
related
$248,500 · Rockland Trust Co
Sep 10, 2001
$700,000
48 Nobadeer LLC
Larrabee,robert A
Grant Deed
$250,000 · Nantucket Savings Bank
May 29, 1998
—
Robert A Larrabee
—
Deed Of Trust
related
$300,000 · Nantucket Savings Bank
Aug 9, 1995
—
Robert A Larrabee
—
Deed Of Trust
related
$25,000 · Nantucket Savings Bank
Jan 19, 1995
—
Robert A Larrabee
—
Deed Of Trust
related
$25,000 · Nantucket Savings Bank
May 10, 1994
—
Robert A Larrabee
—
Deed Of Trust
related
$150,000 · Jon Ridder
May 4, 1994
$50,000
Robert A Larrabee
Ridder,jon
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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