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Property profile & analytics
FOR SALE
Commercial real estate
1024 Meadow Rd Casco, ME 04015
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US42-0432714
For Sale
1 / 124
$1,282,000
1024 Meadow Rd, Casco, ME 04015
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1836
Construction
BRICK
Total area
4,588 SF
Lot
2 ac (87,120 SF)
Zoning code
10
APN
CASC M:0043 L:0027
UPID
US42-0432714
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
$875k
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$675k
Owner & transaction history
Melanie Oxley Lt · 5 yrs held
Melanie Oxley Lt
since 2021
3 recorded transactions
Zoning & alternative use
10 · Casco, ME
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 Casco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Casco 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%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,035,000
Current use
OFFICE BUILDING
$890,000
Change: -14% · Conversion: Easy
RETAIL STORES
$870,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$147 / 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
$6,366
Tax year 2023
Assessed value
$399,100
Assessed 2023
Previous assessed
$399,100
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$110,500
Assessed improvement
$288,600
Applied tax rate
11,125.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1836
Construction
BRICK
Heating
HOT WATER
Buildings
2
Stories
3
Units
1
Rooms
9
Bathrooms
8
Total area
4,588 SF
Lot
2 ac (87,120 SF)
Zoning code
10
APN
CASC M:0043 L:0027
UPID
US42-0432714
Jurisdiction
CASCO
Zoning & alternative use
10 · Casco, ME
Zoning 10 · permitted uses
10 · Casco, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Casco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES
Est. value
$870,000
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
1836
Construction
BRICK
Heating
HOT WATER
Stories
3
Buildings
2
Units
1
Rooms
9
Bathrooms
8
Lot
2 ac
Current owner
From public records · entity-resolved
Melanie Oxley Lt
Individual
Mailing address
1024 MDW RD, CASCO, ME 04015-3043
Ownership since
2021
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
Jun 28, 2021
—
Melanie Oxley Lt
Eric B Vandevender
Warranty Deed
$719,200 · Harborone Mortgage
Dec 12, 2019
—
Kimberly A Vandevender
J&c Pleasant Lake House
Quit Claim Deed
related
$661,600 · Saco & Biddeford Savings
Apr 26, 2018
—
J & C Pleasant Lake House LLC
Pleasant Properties LLC
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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