Commercial real estate
What a buyer would pay for the property itself, with or without tenants.
- Rent roll and income approach
- Comparable island sales
- Zoning, coverage and build-out potential
- Condition, parking and historic district factors
Valuations · Nantucket
What's it worth, really?
Whether you own the building, run the business inside it, or both, we'll give you a clear, grounded view of what it's worth on Nantucket today, and why.
Request a valuationThree kinds of value
The building, the business, or both.
Many Nantucket owners hold both the real estate and the operating business. We value them separately so you can see what each is worth on its own and together.
Operating business
What the business is worth as a going concern, separate from the real estate.
- Earnings and owner benefit, normalized
- Seasonality and year-round potential
- Lease terms and transferability
- Licenses, brand, staff housing and equipment
Owner-operators
When you own the building and run the business, the right structure changes the number.
- Sell together or separately
- Sale-leaseback scenarios
- Market rent for the operating business
- Partner buyouts and succession
What drives value here
Nantucket is its own market.
Off-island formulas miss most of what matters. These are the factors we weigh on every valuation.
Zoning and allowed uses
What the district permits, by right or by special permit, sets the ceiling on what a buyer can do.
Seasonality
Summer revenue, shoulder seasons and year-round demand change how income should be capitalized.
Coverage and parking
Ground cover limits, parking rules and lot size decide how much more can be built.
Leases
Term, rent, renewal options and who pays what drive both building and business value.
Licenses and housing
Transferable licenses and staff housing can add significant value on an island where both are scarce.
Scarcity
Very little commercial property trades in a given year, so recent sales need careful context.
Why owners ask
Good reasons to know the number.
Most valuations start with a question, not a sale.
Thinking about sellingPartner buyoutEstate and succession planningRefinancing1031 exchangeLease renewal or sale-leasebackAn unsolicited offerSimply curious
How it works
Clear and confidential.
One point of contact from the first call to the written opinion.
1
A short conversation
What you own, what you want to know and why.
2
The numbers
Typically recent financials, leases or rent roll, and tax bills. We tell you exactly what's useful.
3
A site visit
We walk the property and, where it applies, the operation.
4
Your opinion of value
A written range with the reasoning behind it, and a conversation about your options.
Questions
Before you ask.
Is this an appraisal?
No. It's a broker opinion of value, based on our knowledge of the market and the information you share. If you need a certified appraisal for a lender, the IRS or a court, we can help you find and coordinate with a licensed appraiser.
Is it confidential?
Yes. What you share stays with us, and requesting a valuation doesn't commit you to selling or listing anything.
Can you value a business if I don't own the building?
Yes. For tenant businesses, the lease is a big part of the value, so we'll look closely at its term, rent and transfer terms.
Do you only work on commercial property?
Commercial real estate and businesses are our specialty, including mixed-use buildings with apartments upstairs. If your question is about a home, we can point you in the right direction.
Request a valuation
Let's find out what it's worth.
Tell us a little about the property or business. We'll follow up to set up a short conversation.
- No cost to start the conversation
- Confidential
- No obligation to sell