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Property profile & analytics
OFF-MARKET
Estimated value
$4,415,000
Hotels
83 Sea Vw Ave, Oak Bluffs, MA 02557
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0619048
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1894
Total area
5,110 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R1
APN
OAKB M:0010 B:0084 L:000
UPID
US38-0619048
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
$4.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.81M
Blend (final)
Blend
$4.42M
Owner & transaction history
Inkwell Beach Cottage LLC · 4 yrs held
Inkwell Beach Cottage LLC
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
R1 · Oak Bluffs, 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 Oak Bluffs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Bluffs 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
$4,500,000
ML approach
$4,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,760,000
Current use
RETAIL STORES
$4,650,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.42M
Range $3.97M – $4.86M · ±10% · vs last sale $4.20M (Dec 20 2021)
Last sale anchor
$4.20M
Dec 20 2021
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
$864 / 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
$18,609
Tax year 2024
Assessed value
$3,648,900
Assessed 2024
Previous assessed
$3,648,900
+0.0% YoY
Effective rate
0.51%
On assessed value
Assessed land
$1,952,300
Assessed improvement
$1,696,600
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1894
Heating
HOT WATER
Buildings
1
Stories
3
Units
9
Bathrooms
13
Total area
5,110 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R1
APN
OAKB M:0010 B:0084 L:000
UPID
US38-0619048
Jurisdiction
OAK BLUFFS
Zoning & alternative use
R1 · Oak Bluffs, MA
Zoning R1 · permitted uses
R1 · Oak Bluffs, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Bluffs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.8M
RETAIL STORES
Est. value
$4.7M
HOTEL/MOTEL 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
1894
Heating
HOT WATER
Stories
3
Buildings
1
Units
9
Bathrooms
13
Lot
0.14 ac
Current owner
From public records · entity-resolved
Inkwell Beach Cottage LLC
Entity
Mailing address
PO BOX 2810, OAK BLUFFS, MA 02557-2810
Ownership since
2021
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
Dec 20, 2021
$4,200,000
Inkwell Beach Cottage LLC
Ob Beach House LLC
Quit Claim Arm's Length For Ne States
—
Apr 15, 2008
$915,000
Ob Beach House LLC
Zaiko,calvin C
Grant Deed
$686,000 · Edgartown National Bank
Sep 14, 2005
—
Zaiko,calvin C
—
Grant Deed
related
$75,000 · Edgartown National Bank
Jan 18, 2005
—
Zaiko,calvin C
—
Grant Deed
related
$75,000 · Marthas Vineyard Capital Bank
Dec 23, 2002
—
Calvin C Zaiko
—
Deed Of Trust
related
$290,000 · Marthas Vineyard Capital Bank
Oct 23, 2001
—
Calvin C Zaiko
—
Deed Of Trust
related
$75,000 · Marthas Vineyard Capital Bank
Nov 5, 1999
—
Calvin C Zaiko
—
Deed Of Trust
related
$75,000 · Compass Bank For Savings
Jan 27, 1997
—
Calvin C Zaiko
—
Deed Of Trust
related
$40,000 · Compass Bank For Savings
Jan 17, 1991
—
Calvin Zaiko
—
Deed Of Trust
related
$15,000 · Marthas Vineyard Natl Bank
Apr 24, 1990
—
Calvin C Zaiko
—
Deed Of Trust
related
$190,000 · Marthas Vineyard Capital Bank
Nov 22, 1989
—
Calvin C Zaiko
—
Deed Of Trust
related
$150,000 · Marthas Vineyard Natl Bank
Feb 13, 1989
—
Cavallaro Prop RT
—
Deed Of Trust
related
$479,268 · Zuckerman Family Nomi
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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