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Property profile & analytics
FOR SALE
Investment properties
50 Rogers St Gloucester, MA 01930
Individually Owned
3-yr Hold
Property ID
US38-0460525
For Sale
1 / 7
$89,000
50 Rogers St, Gloucester, MA 01930
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Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
FRAME
Total area
5,117 SF
Lot
0.09 ac (3,715 SF)
Zoning code
CB
APN
GLOU M:0008 B:0047 L:0000
UPID
US38-0460525
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
$1.47M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
50 Fred Rogers RT · 3 yrs held
50 Fred Rogers RT
since 2022
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
CB · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+52.7%
Apartment house (5+ units)
$1.6M
+41.5%
Office building
$1.3M
+13.7%
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 Gloucester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gloucester 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
$1,435,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
$1,725,000
6.5%
$1,595,000
7%
$1,480,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,155,000
Current use
RESTAURANT
$1,765,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,635,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$1,315,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,225,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.67M (Dec 7 2022)
Last sale anchor
$1.67M
Dec 7 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
$306 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$7,044
Tax year 2020
Assessed value
$819,400
Assessed 2024
Previous assessed
$819,400
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$318,200
Assessed improvement
$501,200
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
For Sale
Year built
1940
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
19
Bathrooms
2
Total area
5,117 SF
Lot
0.09 ac (3,715 SF)
Zoning code
CB
APN
GLOU M:0008 B:0047 L:0000
UPID
US38-0460525
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Gloucester, MA
Zoning CB · permitted uses
CB · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gloucester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1940
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
19
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
50 Fred Rogers RT
Individual
Mailing address
500 LINCOLN ST FL, ALLSTON, MA 02134-1557
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2022
$1,665,000
50 Fred Rogers RT
Topside RT
Quit Claim Arm's Length For Ne States
$1,725,000 · Middlesex Fsla
May 18, 2020
—
Topside RT
—
Deed
related
$600,000 · Cape Ann Savings Bank
Apr 21, 1999
—
Topside RT
—
Deed Of Trust
related
$358,000 · Gloucester Bank & Trust Co
Jan 7, 1997
—
Topside RT
—
Deed Of Trust
related
$199,000 · Gloucester Bank & Trust Co
Dec 23, 1991
$428,100
Topside RT
1826 Hancock RT
Grant Deed
$325,000 · Gloucester Bk & Tr Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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