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Property profile & analytics
OFF-MARKET
Estimated value
$17,845,000
Industrial properties
10 Southgate Rd Scarborough, ME 04074-8303
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US42-0190118
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
113,025 SF
Lot
7.3 ac (317,988 SF)
Zoning code
31
APN
SCAR M:U037 L:007
UPID
US42-0190118
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
-
Abbott Industrial Manufacturer Production Facility
-
Inverness Medical Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.13M
Comparable Approach
Comparable
$24.52M
Blend (final)
Blend
$17.85M
Owner & transaction history
Med Springing Scarborough · 12 yrs held
Med Springing Scarborough
since 2013
4 recorded transactions
Zoning & alternative use
31 · Scarborough, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$25.5M
+50.8%
Office building
$21.9M
+29.3%
Retail stores
$21.4M
+26.5%
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 Scarborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scarborough 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%
$12,055,000
6.5%
$11,125,000
7%
$10,330,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$16,925,000
Current use
COMMERCIAL (GENERAL)
$25,520,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$21,880,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$21,420,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$17.85M
Range $16.06M – $19.63M · ±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
$158 / 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
$286,956
Tax year 2024
Assessed value
$26,254,000
Assessed 2024
Previous assessed
$18,770,300
+39.9% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,092,400
Assessed improvement
$24,161,600
Applied tax rate
66,145.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
113,025 SF
Lot
7.3 ac (317,988 SF)
Zoning code
31
APN
SCAR M:U037 L:007
UPID
US42-0190118
Jurisdiction
SCARBOROUGH
Zoning & alternative use
31 · Scarborough, ME
Zoning 31 · permitted uses
31 · Scarborough, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scarborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$16.9M
COMMERCIAL (GENERAL)
Est. value
$25.5M
OFFICE BUILDING
Est. value
$21.9M
RETAIL STORES
Est. value
$21.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
7.3 ac
Current owner
From public records · entity-resolved
Med Springing Scarborough
Individual
Mailing address
10 SOUTHGATE RD, SCARBOROUGH, ME 04074-8303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Apr 3, 2020
—
Maine Medical Dst Trust
—
Deed
related
$5,225,000 · People's United Bk
Dec 3, 2013
—
Med Springing Scarborough
Scarborough Med Exchange
Quit Claim Deed
related
—
Dec 30, 2010
—
Med Exchange Scarborough
—
Deed Of Trust
related
$6,146,250 · Peoples Bank
—
—
Maine Medical Dst Trust
—
Deed Of Trust
related
$5,225,000 · People's United Bk
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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