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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Retail properties & Spaces
106 Gray Rd Falmouth, ME 04105-2018
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US42-0283269
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1971
Construction
FRAME
Total area
5,706 SF
Lot
0.45 ac (19,602 SF)
Zoning code
VMU
APN
FMTH M:U43 B:006
UPID
US42-0283269
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
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$560k
Owner & transaction history
Berzinis Realty LLC · 5 yrs held
Berzinis Realty LLC
since 2021
1 recorded transaction
Zoning & alternative use
VMU · Falmouth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The village center is planned as a mixed use area, providing the community with a vibrant retail and service, professional office and residential core. Specific purposes are to provide and encourage greater intensity of land use, capitalize on existing utility infrastructure, allow mixed uses of commercial, residential and civic, provide transportation infra…
Zone name
Village Mixed Use
General category
MIXED_USE
Zone area
391.55 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 Falmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falmouth 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
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$98 / 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
$5,741
Tax year 2023
Assessed value
$454,200
Assessed 2023
Previous assessed
$454,200
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$223,100
Assessed improvement
$231,100
Applied tax rate
24,495.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Total area
5,706 SF
Lot
0.45 ac (19,602 SF)
Zoning code
VMU
APN
FMTH M:U43 B:006
UPID
US42-0283269
Jurisdiction
FALMOUTH
Zoning & alternative use
VMU · Falmouth, MEZoning VMU · permitted uses
VMU · Falmouth, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The village center is planned as a mixed use area, providing the community with a vibrant retail and service, professional office and residential core. Specific purposes are to provide and encourage greater intensity of land use, capitalize on existing utility infrastructure, allow mixed uses of commercial, residential and civic, provide transportation infrastructure that supports motorists, pedestrian, transit riders and cyclists and
Zone name
Village Mixed Use
General category
MIXED_USE
Zone area
391.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1971
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Berzinis Realty LLC
Entity
Mailing address
483 ROOSEVELT TRL, WINDHAM, ME 04062-4971
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
—
Berzinis Realty LLC
Robert A Scheiwiller Ret
Deed
$316,000 · Norway Savings Bank
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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