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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Specialty properties
10 Elm St Waterville, ME 04901-5902
Entity Owned
~
Est. High Equity
Property ID
US42-0359944
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1920
Construction
FRAME
Total area
6,154 SF
Lot
0.41 ac (17,860 SF)
APN
WAVL M:044 B:016
UPID
US42-0359944
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
-
Gallant Funeral Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
C Mcinnis Re Holdings LLC
C Mcinnis Re Holdings LLC
since 2025
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$870,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: 0% · Conversion: Difficult
RESTAURANT
$585,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$465,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$425,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$370,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (May 25 2025)
Last sale anchor
$550k
May 25 2025
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
$89 / 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
$5,339
Tax year 2023
Assessed value
$268,300
Assessed 2023
Previous assessed
$234,300
+14.5% YoY
Effective rate
1.99%
On assessed value
Assessed land
$59,700
Assessed improvement
$208,600
Applied tax rate
80,740.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
2
Total area
6,154 SF
Lot
0.41 ac (17,860 SF)
APN
WAVL M:044 B:016
UPID
US42-0359944
Jurisdiction
WATERVILLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$615,000
RESTAURANT
Est. value
$585,000
RETAIL STORES
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$425,000
INDUSTRIAL (GENERAL)
Est. value
$370,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1920
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
C Mcinnis Re Holdings LLC
Entity
Mailing address
60 CUSHMAN RD, WINSLOW, ME 04901-7216
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2025
$550,000
C Mcinnis Re Holdings LLC
10 Elm Street LLC
Warranty Deed
$953,000 · Bancorp Bank NA
May 12, 2023
—
Waterville Shopping T
—
Deed
related
$2,302,880 · Bath Savings Institution
Oct 16, 2019
—
Elm Plaza Corp
—
Deed
related
$10,200,000 · Bath Savings Institution
Nov 3, 2015
—
10 Elm St LLC
John O Gallant
Intrafamily Transfer
related
$207,300 · 10 Elm St LLC
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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