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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Showrooms
1-17 Chelsea Way Cumberland, ME 04021
Entity Owned
14-yr Hold
Free & Clear
Property ID
US42-0152793
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Total area
1,896 SF
Lot
10.58 ac (460,865 SF)
Zoning code
LDR
APN
CMBL M:R01 L:12
UPID
US42-0152793
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
$360k
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$555k
Owner & transaction history
Bac Home Loans Svcng LP · 14 yrs held
Bac Home Loans Svcng LP
since 2011
3 recorded transactions
Zoning & alternative use
LDR · Cumberland, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
3 Intent. § 315-4 Word usage and definitions. Article II Zoning Districts § 315-5 Zoning Map; division of Town into districts. § 315-6 Rural Residential Districts (RR1 and RR2). § 315-7 Low-Density Residential District (LDR). § 315-8 Medium-Density Residential District (MDR). § 315-9 Village Medium-Density Residential District (VMDR). § 315-10 Island Residen…
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
1,107.55 ac
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Current use
OFFICE BUILDING
$365,000
Change: -14% · Conversion: Easy
RETAIL STORES
$360,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
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
$293 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$164,087
Tax year 2023
Assessed value
$7,408,000
Assessed 2023
Previous assessed
$7,408,000
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,310,700
Assessed improvement
$6,097,300
Applied tax rate
15,430.0000
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
Heating
HOT WATER
Cooling
YES
Buildings
9
Stories
2
Units
12
Rooms
8
Bathrooms
1
Total area
1,896 SF
Lot
10.58 ac (460,865 SF)
Zoning code
LDR
APN
CMBL M:R01 L:12
UPID
US42-0152793
Jurisdiction
CUMBERLAND
Zoning & alternative use
LDR · Cumberland, MEZoning LDR · permitted uses
LDR · Cumberland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
3 Intent. § 315-4 Word usage and definitions. Article II Zoning Districts § 315-5 Zoning Map; division of Town into districts. § 315-6 Rural Residential Districts (RR1 and RR2). § 315-7 Low-Density Residential District (LDR). § 315-8 Medium-Density Residential District (MDR). § 315-9 Village Medium-Density Residential District (VMDR). § 315-10 Island Residential District (IR). § 315-11 Highway Commercial District (HC). § 315-12 Office Comm
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
1,107.55 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$430,000
OFFICE BUILDING
Est. value
$365,000
RETAIL STORES
Est. value
$360,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
9
Units
12
Rooms
8
Bathrooms
1
Lot
10.58 ac
Current owner
From public records · entity-resolved
Bac Home Loans Svcng LP
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 368, SCARBOROUGH, ME 04070-0368
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2013
—
Cumberland Foreside Vlg
—
Deed Of Trust
related
$250,000 · Gorham Savings Bank
Sep 8, 2011
—
Bac Home Loans Svcng LP
Duffey,dina
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 27, 2007
—
Dina Duffey
Lyden,shawn P
Grant Deed
$225,000 · American Residential Mortgage
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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