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Property profile & analytics
OFF-MARKET
Turn key restaurants
10 Sullivan St Berwick, ME 03901-2925
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0317183
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,751 SF
Lot
0.04 ac (1,742 SF)
Zoning code
SC/I
APN
BERW M:U004 B:2
UPID
US42-0317183
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
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ronald Long · 2 yrs held
Ronald Long
since 2023
3 recorded transactions
Zoning & alternative use
SC/I · Berwick, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide non intensive recreational uses not requiring structures such as hunting, fishing and hiking and non motorized boating, disturbed area greater than 1 acre, small, non residential facilities for educational, scientific or nature interpretation purposes
Zone name
Shoreland Overlay Commercial Industrial
General category
INDUSTRIAL
Zone area
15.07 ac
Source
Realmo
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 Berwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berwick 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,800
Tax year 2023
Assessed value
$316,600
Assessed 2023
Previous assessed
$316,600
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$53,300
Assessed improvement
$263,300
Applied tax rate
4,720.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
4
Bathrooms
3
Total area
3,751 SF
Lot
0.04 ac (1,742 SF)
Zoning code
SC/I
APN
BERW M:U004 B:2
UPID
US42-0317183
Jurisdiction
BERWICK
Zoning & alternative use
SC/I · Berwick, MEZoning SC/I · permitted uses
SC/I · Berwick, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zoning district is to provide non intensive recreational uses not requiring structures such as hunting, fishing and hiking and non motorized boating, disturbed area greater than 1 acre, small, non residential facilities for educational, scientific or nature interpretation purposes
Zone name
Shoreland Overlay Commercial Industrial
General category
INDUSTRIAL
Zone area
15.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
4
Bathrooms
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Ronald Long
Individual
Mailing address
PO BOX 388, BERWICK, ME 03901-0388
Ownership since
2023
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
Nov 13, 2023
—
Ronald Long
Dennis M Luke
Warranty Deed
—
Feb 28, 2013
—
Noreen T Long
—
Deed Of Trust
related
$219,285 · Kennebunk Savings Bank
May 4, 2005
—
Noreen T Long
Dupuis,dennis A
Warranty Deed
related
$209,300 · Credit Suisse Fir Fin
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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