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    Property profile & analytics

    5 Richards Way Wellfleet, MA 02667

    • Investment properties
    • 3,328 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimation
    $845,000
    Last Sale
    Mar 22, 2024
    $857,000
    Location Intelligence
    Property ID
    US38-1565454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 5 Richards Way

    Year built
    1978
    Construction
    FRAME
    Lot size
    1.18 lot acres
    Property size
    3,328 SF
    Zone code
    COMMER
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WELL M:042.0 B:0042 L:0000.1
    APU
    WELLM0420B0042L00001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $855,000

    • CAP approach

      CAP return
      Estimation
      6%
      $830,000
      6.5%
      $785,000
      7%
      $905,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $865,000
      Geo Method
      $740,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $845,000
      Retail
      $730,000
      Mixed-Use
      $795,000
      Hospitality
      $750,000
      Educational
      $780,000
      Residential Income
      $875,000
      Energy
      $770,000
      Income-Based Land
      $930,000
      Food Service
      $755,000

    Location Insight

    • Map
    • Local Demand
    City
    Wellfleet
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -69.9859
    Latitude
    41.8945
    CBSA code
    12700
    CBSA name
    BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $3,731
    $257,500
    $589,000
    $846,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $290,000
      2,340 SF

      1600 State Hwy Rte 6th 6

      OFFICE/RESIDENTIAL (MIXED USE) • 2,340 SF
      1600 State Hwy Rte 6th 6, Wellfleet, MA 02667-8801
      View Details
    • Value Estimation
      $415,000
      2,551 SF

      5 Commercial St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,551 SF
      5 Commercial St, Wellfleet, MA 02667-7447
      View Details
    • Value Estimation
      $905,000
      1,782 SF

      354 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,782 SF
      354 Main St, Wellfleet, MA 02667
      View Details
    • Value Estimation
      $340,000
      3,528 SF

      3073 State Hwy Rte 6th 6

      OFFICE/RESIDENTIAL (MIXED USE) • 3,528 SF
      3073 State Hwy Rte 6th 6, Wellfleet, MA 02667-7406
      View Details
    • Value Estimation
      $850,000
      3,275 SF

      317 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,275 SF
      317 Main St, Wellfleet, MA 02667-7432
      View Details
    • Value Estimation
      $320,000
      1,224 SF

      26 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,224 SF
      26 Main St, Wellfleet, MA 02667
      View Details

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    5 Richards Way
    Wellfleet, MA 02667
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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