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Property profile & analytics
OFF-MARKET
Commercial real estate
75 Essex Ave Gloucester, MA 01930-4915
Individually Owned
39-yr Hold
~
Est. High Equity
Property ID
US38-1440281
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
9.74 ac (424,274 SF)
Zoning code
EB
APN
GLOU M:0217 B:0023 L:0000
UPID
US38-1440281
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 Marine Sales & Service (Bike/Boat/Book/etc) Store
-
Gloucester Fleet Deep Sea Fishing & Charters Tour Operator Travel Agency
-
Tuna Hunter Fishing Charters Tour Operator Travel Agency
-
River Cruises Travel Agency
-
Down Under Diving Ventures Inc Travel Agency Tour Operator
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
Dominick RT · 39 yrs held
Dominick RT
since 1987
7 recorded transactions
Zoning & alternative use
EB · Gloucester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Extensive Business Districts are located along collector streets in various areas of the city. Business, service and retail uses serving a regional clientele are allowed; residential uses are generally not allowed.
Zone name
Extensive Business
General category
COMMERCIAL
Zone area
275.91 ac
Source
Realmo
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
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 2020Property tax & assessments
Tax year 2020
Tax billed
$47,609
Tax year 2020
Assessed value
$4,649,700
Assessed 2024
Previous assessed
$4,649,700
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,723,300
Assessed improvement
$2,926,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
4
Units
31
Lot
9.74 ac (424,274 SF)
Zoning code
EB
APN
GLOU M:0217 B:0023 L:0000
UPID
US38-1440281
Jurisdiction
GLOUCESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
EB · Gloucester, MAZoning EB · permitted uses
EB · Gloucester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Extensive Business Districts are located along collector streets in various areas of the city. Business, service and retail uses serving a regional clientele are allowed; residential uses are generally not allowed.
Zone name
Extensive Business
General category
COMMERCIAL
Zone area
275.91 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Buildings
4
Units
31
Lot
9.74 ac
Current owner
From public records · entity-resolved
Dominick RT
Individual
Mailing address
75 ESSEX AVE, GLOUCESTER, MA 01930-4915
Ownership since
1987
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2003
—
Dominick RT
—
Deed Of Trust
related
$500,000 · Banknorth NA
Feb 11, 2002
—
Dominick RT
—
Deed Of Trust
related
$225,000 · Banknorth NA
Apr 16, 1999
—
Dominick RT
—
Deed Of Trust
related
$250,000 · Gloucester Bank & Trust Co
Mar 31, 1998
—
Dominick RT
—
Deed Of Trust
related
$200,000 · Gloucester Bank & Trust Co
Nov 1, 1995
—
Dominick RT
—
Deed Of Trust
related
$3,000,000 · Gloucester Bank & Trust Co
Mar 14, 1991
—
Dominick RT
—
Deed Of Trust
related
$243,000 · Baybank Middlesex
Oct 20, 1989
—
Dominick RT
—
Deed Of Trust
related
$3,650,000 · Ustrust/essex
Jun 17, 1988
—
Dominick Rlty Tr
—
Deed Of Trust
related
$3,500,000 · Ustrust/essex
Jul 16, 1987
$247,157
Dominick RT
69 Essex Ave RT
Grant Deed
—
Jul 16, 1987
—
Dominick RT
—
Deed Of Trust
related
$3,100,000 · Ustrust/essex
Jun 11, 1987
$15,466
Dominick RT
Lafond,john R
Grant Deed
—
Feb 20, 1987
—
Dominick RT
—
Deed Of Trust
related
$500,000 · Ustrust/essex
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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