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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Commercial real estate
10 State Rd Bath, ME 04530-6017
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0440933
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Total area
4,176 SF
Lot
2.91 ac (126,672 SF)
Zoning code
C4
APN
BTTH M:31 L:066
UPID
US42-0440933
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
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$860k
Owner & transaction history
To Mlcu Holdings LLC · 4 yrs held
To Mlcu Holdings LLC
since 2022
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
C4 · Bath, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
25 feet MAXIMUM LOT COVERAGE All uses 60 percent MAXIMUM BUILDING HEIGHT 1. All uses . . . . . . . . . . . . . . . . . . . . . . . . . . 75 feet * * Article 8 Page 16 SECTION 8.10 ROUTE 1 COMMERCIAL CONTRACT DISTR ICT - C4 [Section number amended May 16, 2001] A. Purpose The Route 1 Commercial Contract Distri ct provides a location for the highway -oriented…
Zone name
Route 1 Contract Commercial
General category
COMMERCIAL
Zone area
86.38 ac
Top alternative use upside
Office building
$620,000
+31.6%
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 Bath submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bath 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
$705,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$620,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $875k (Jul 5 2022)
Last sale anchor
$875k
Jul 5 2022
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
$206 / 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
$14,818
Tax year 2023
Assessed value
$876,800
Assessed 2023
Previous assessed
$737,700
+18.9% YoY
Effective rate
1.69%
On assessed value
Assessed land
$452,900
Assessed improvement
$423,900
Applied tax rate
3,355.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Buildings
2
Stories
1
Units
1
Total area
4,176 SF
Lot
2.91 ac (126,672 SF)
Zoning code
C4
APN
BTTH M:31 L:066
UPID
US42-0440933
Jurisdiction
BATH
Zoning & alternative use
C4 · Bath, MEZoning C4 · permitted uses
C4 · Bath, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
25 feet MAXIMUM LOT COVERAGE All uses 60 percent MAXIMUM BUILDING HEIGHT 1. All uses . . . . . . . . . . . . . . . . . . . . . . . . . . 75 feet * * Article 8 Page 16 SECTION 8.10 ROUTE 1 COMMERCIAL CONTRACT DISTR ICT - C4 [Section number amended May 16, 2001] A. Purpose The Route 1 Commercial Contract Distri ct provides a location for the highway -oriented businesses needed by residents of the City, the region, and the traveling public.
Zone name
Route 1 Contract Commercial
General category
COMMERCIAL
Zone area
86.38 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$620,000
OFFICE BUILDING
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
1987
Heating
FORCED AIR
Stories
1
Buildings
2
Units
1
Lot
2.91 ac
Current owner
From public records · entity-resolved
To Mlcu Holdings LLC
Entity
Mailing address
10 STATE RD, BATH, ME 04530-6017
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2022
$875,000
To Mlcu Holdings LLC
Trademark Properties Corp
Warranty Deed
$656,250 · Skowhegan Savings Bank
Apr 12, 2022
—
Trademark Prop Corp
—
Deed
related
$390,000 · First Fsla
May 20, 2019
—
Trademark Properties Corp
—
Deed
related
$100,000 · First Fsla
Dec 17, 2018
—
Trademark Properties Corp
—
Deed
related
$70,000 · First Fsla
Mar 22, 2012
—
Paul M Trudell
—
Deed Of Trust
related
$59,000 · City Of Portland (me)
May 24, 2011
—
Paul M Trudell
—
Deed Of Trust
related
$290,000 · City Of Portland (me)
Mar 12, 2010
—
Paul M Trudell
—
Deed Of Trust
related
$200,000 · City Of Portland (me)
Feb 6, 2009
—
Paul M Trudell
—
Deed Of Trust
related
$150,000 · City Of Portland (me)
Aug 14, 2008
—
Paul M Trudell
—
Deed Of Trust
related
$75,000 · City Of Portland (me)
—
—
Trademark Properties Corp
—
Deed Of Trust
related
$275,000 · First Fed'l S&l Assn/bath
—
—
Trademark Properties Corp
—
Deed Of Trust
related
$35,000 · First Fed'l S&l Assn/bath
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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