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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Showrooms
7 Sq Rigger Rd Nantucket, MA 02554-3104
Entity Owned
2-yr Hold
Property ID
US38-0148818
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Construction
FRAME
Total area
2,280 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CTEC
APN
NANT M:00069 P:00046
UPID
US38-0148818
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
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.57M
Owner & transaction history
Seven Square Rigger LLC · 2 yrs held
Seven Square Rigger LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CTEC · Nantucket, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.5M
+22.4%
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 Nantucket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nantucket 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
$1,430,000
ML approach
$1,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,005,000
Current use
RETAIL STORES
$2,455,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.56M (Jul 28 2023)
Last sale anchor
$1.56M
Jul 28 2023
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
$686 / 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
$7,074
Tax year 2024
Assessed value
$1,334,800
Assessed 2024
Previous assessed
$1,147,800
+16.3% YoY
Effective rate
0.53%
On assessed value
Assessed land
$832,000
Assessed improvement
$502,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Total area
2,280 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CTEC
APN
NANT M:00069 P:00046
UPID
US38-0148818
Jurisdiction
NANTUCKET
Zoning & alternative use
CTEC · Nantucket, MA
Zoning CTEC · permitted uses
CTEC · Nantucket, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nantucket. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
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
1997
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Seven Square Rigger LLC
Entity
Mailing address
7 SQ RIGGER RD, NANTUCKET, MA 02554-3104
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Seven Square Rigger LLC
—
Deed
related
$650,000 · Cape Cod Five Cents Savings Bank
Jul 28, 2023
$1,555,000
Seven Square Rigger LLC
Samuel Traywick
Quit Claim Arm's Length For Ne States
$1,224,000 · Cape Cod Five Cents Savings Bank
Jun 16, 2022
$970,000
Samuel Traywick
Gregory M Moore
Foreclosure
related
$1,200,000 · Alfred Bleu
Jun 29, 2007
—
Gregory M Moore
—
Deed Of Trust
related
$421,000 · Countrywide Home Loans INC
Apr 25, 2006
—
Gregory M Moore
—
Deed Of Trust
related
$50,076 · Kim N Moore
Jul 18, 2003
—
Gregory M Moore
—
Deed Of Trust
related
$250,000 · Nantucket Savings Bank
Jul 18, 2003
$1
Gregory M Moore
Moore,gregory M
Grant Deed
related
—
Jul 11, 2002
—
Gregory M Moore
—
Deed Of Trust
related
$5,250 · Island Lumber Co INC
Jun 18, 2002
—
Gregory M Moore
—
Deed Of Trust
related
$30,000 · Nantucket Savings Bank
May 14, 1999
—
Gregory M Moore
—
Deed Of Trust
related
$195,000 · Nantucket Savings Bank
Oct 1, 1997
$100,000
Gregory M Moore
Davis,charles E JR
Grant Deed
$170,000 · Nantucket Savings Bank
Feb 28, 1995
$58,700
Charles E Davis JR.
Nantucket Bk
Grant Deed
$41,090 · Nantucket Savings Bank
Dec 20, 1994
$53,982
Nantucket Bk
Boatsteerer Nt
Grant Deed
related
—
Sep 21, 1989
$79,000
Boatsteerer Nt
Square Rigger RT
Grant Deed
$59,000 · Nantucket 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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