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Property profile & analytics
OFF-MARKET
Turn key restaurants
68 Bearskin Nck, Rockport, MA 01966-1639
Individually Owned
33-yr Hold
~
Est. High Equity
Property ID
US38-0678654
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
FRAME
Total area
1,820 SF
Lot
0.09 ac (4,073 SF)
Zoning code
GD
APN
ROCK M:36 B:75A
UPID
US38-0678654
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles E Kreis · 33 yrs held
Charles E Kreis
since 1993
6 recorded transactions
Zoning & alternative use
GD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,422
Tax year 2024
Assessed value
$1,475,300
Assessed 2024
Previous assessed
$1,475,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,197,800
Assessed improvement
$277,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
1,820 SF
Lot
0.09 ac (4,073 SF)
Zoning code
GD
APN
ROCK M:36 B:75A
UPID
US38-0678654
Jurisdiction
ROCKPORT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GD · Rockport, MA
Zoning GD · permitted uses
GD · 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
1994
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Charles E Kreis
Individual
Mailing address
10 STONE BARN LN, ROCKPORT, MA 01966-1670
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
—
My Place T
—
Deed
related
$195,000 · Stone Mortgage LLC
Dec 5, 2008
—
Place T My
—
Deed Of Trust
related
$75,000 · Metropolitan Cu
Sep 12, 2005
—
Place T My
—
Deed Of Trust
related
$697,000 · Rockport National Bank
Mar 28, 2002
—
My Place Trust
—
Deed Of Trust
related
$329,000 · Certified Dev Co Massachusetts
Jun 24, 1994
—
Charles E Kreis
—
Deed Of Trust
related
$50,000 · Rockport National Bank
Jan 20, 1993
$280,000
Charles E Kreis
Codding,john W
Grant Deed
$200,000 · Zenon Grzybowski
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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