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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Commercial real estate
49 Broadway, Rockport, MA 01966-1527
Entity Owned
11-yr Hold
Property ID
US38-1642759
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2005
Total area
3,354 SF
Lot
0.22 ac (9,647 SF)
Zoning code
R3
APN
ROCK M:18 B:1 L:133
UPID
US38-1642759
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
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$880k
Owner & transaction history
Addison Choate Inn LLC · 11 yrs held
Addison Choate Inn LLC
since 2014
7 recorded transactions
Zoning & alternative use
R3 · Rockport, 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 Rockport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockport 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$262 / 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
$6,750
Tax year 2024
Assessed value
$801,700
Assessed 2024
Previous assessed
$704,100
+13.9% YoY
Effective rate
0.84%
On assessed value
Assessed improvement
$801,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2005
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
10
Bathrooms
6
Total area
3,354 SF
Lot
0.22 ac (9,647 SF)
Zoning code
R3
APN
ROCK M:18 B:1 L:133
UPID
US38-1642759
Jurisdiction
ROCKPORT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Rockport, MA
Zoning R3 · permitted uses
R3 · Rockport, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
10
Bathrooms
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Addison Choate Inn LLC
Entity
Mailing address
PO BOX 600, NASHUA, NH 03061-0600
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
Latitude Ventures LLC
—
Deed
related
$275,000 · Cape Ann Savings Bank
Mar 9, 2020
—
Latitude Ventures LLC
—
Deed
related
$725,000 · Cape Ann Savings Bank
Dec 15, 2014
$724,000
Addison Choate Inn LLC
Duffy,david J & Jan A
Quit Claim Deed
$350,000 · Bankgloucester
Nov 1, 2010
$630,000
David J Duffy
Addison Choate Prop LLC
Grant Deed
$504,000 · Rockport National Bank
Aug 6, 2007
$765,000
Addison Choate Prop LLC
Francis,cynthia E Tr
Grant Deed
$573,750 · Rockport National Bank
May 7, 2007
—
Francis Addison Choate RT
—
Deed Of Trust
related
$95,000 · Rockport National Bank
Apr 16, 2004
—
Francis,cynthia E Tr
—
Deed Of Trust
related
$65,000 · Rockport National Bank
May 7, 2001
$725,000
Francis A Choate RT
Addison Choate Inn RT
Grant Deed
$550,000 · Rockport National Bank
Apr 19, 2000
$678,500
Addison Choate Inn RT
Johnson,knox C
Grant Deed
$560,000 · Rockport National Bank
Aug 7, 1992
$164,719
Knox C Johnson
Kelleher,peter C
Grant Deed
—
Dec 1, 1989
$550,000
Peter C Kelleher
Peterffy,thomas
Grant Deed
related
$440,000 · Granite Savings 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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