Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,485,000
Hotels
55 Commercial St Gloucester, MA 01930-5047
Individually Owned
15-yr Hold
Free & Clear
Property ID
US38-0162945
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2015
Construction
FRAME
Total area
85,464 SF
Lot
1.85 ac (80,586 SF)
Zoning code
MI
APN
GLOU M:0001 B:0033 L:0000
UPID
US38-0162945
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
-
Cape Ann SUP & Surf Co, Pavilion Beach Sports Equipment Rental Service
-
Beauport Hotel Gloucester Hotel & Motel
-
Beauport Boutique (Bike/Boat/Book/etc) Store
-
1606 Restaurant & Oyster Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.97M
Comparable Approach
Comparable
$7.00M
Blend (final)
Blend
$7.49M
Owner & transaction history
Front Gloucester Beach · 15 yrs held
Front Gloucester Beach
since 2011
7 recorded transactions
Zoning & alternative use
MI · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Marine Industrial District is located along Gloucester's Inner Harbor, where utilities and access roads can support high-intensity industrial and commercial activities that are primarily marine-related. Residential uses are generally not allowed.
Zone name
Marine Industrial
General category
INDUSTRIAL
Zone area
142.30 ac
Source
Realmo
Top alternative use upside
Restaurant
$12.3M
+128.9%
Retail stores
$12.2M
+125.8%
Apartment house (5+ units)
$11.3M
+108.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,625,000
6.5%
$7,965,000
7%
$7,395,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,390,000
Current use
RESTAURANT
$12,335,000
Change: +129% · Conversion: Difficult
RETAIL STORES
$12,165,000
Change: +126% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,255,000
Change: +109% · Conversion: Difficult
OFFICE BUILDING
$11,195,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,545,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,010,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$7.49M
Range $6.74M – $8.23M · ±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
$88 / 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
$187,459
Tax year 2024
Assessed value
$18,652,600
Assessed 2024
Previous assessed
$18,652,600
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$2,107,400
Assessed improvement
$16,545,200
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
94
Bathrooms
108
Total area
85,464 SF
Lot
1.85 ac (80,586 SF)
Zoning code
MI
APN
GLOU M:0001 B:0033 L:0000
UPID
US38-0162945
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
MI · Gloucester, MAZoning MI · permitted uses
MI · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Marine Industrial District is located along Gloucester's Inner Harbor, where utilities and access roads can support high-intensity industrial and commercial activities that are primarily marine-related. Residential uses are generally not allowed.
Zone name
Marine Industrial
General category
INDUSTRIAL
Zone area
142.30 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.4M
RESTAURANT
Est. value
$12.3M
RETAIL STORES
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.3M
OFFICE BUILDING
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$9.0M
HOTEL/MOTEL Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
94
Bathrooms
108
Lot
1.85 ac
Current owner
From public records · entity-resolved
Front Gloucester Beach
Individual
Free & Clear · 15 yrs held
Mailing address
6 ROWE SQ, GLOUCESTER, MA 01930-3057
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2011
$1
Front Gloucester Beach
Pavilion Mercato LLC
Grant Deed
—
Jul 13, 2011
$1
Pavilion Mercato LLC
Beach Front Gloucester
Grant Deed
—
Jul 12, 2011
$6,500,000
Front Gloucester Beach
Pavilion Mercato LLC
Grant Deed
—
Jun 19, 2009
$2,250,000
Pavilion Mercato LLC
Cg Convention LLC
Grant Deed
$1,250,000 · 1st B&t Co Illinois
Jul 29, 2008
$1
Cg Convention LLC
Glou Warehouse Rlty LP
Grant Deed
—
Jan 10, 2003
—
Gloucester Warehouse Rlty
—
Deed Of Trust
related
$7,905,000 · Sovereign Bank
May 30, 1996
—
Gloucester Warehse LP
—
Deed Of Trust
related
$2,300,000 · Allied Capital Coml
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 55 Commercial St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
