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Property profile & analytics
OFF-MARKET
Warehouses
115 Leeman Hwy Bath, ME 04530-6008
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0509706
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,967 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C4
APN
BTTH M:28 L:056
UPID
US42-0509706
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eni Leeman Highway LLC · 1 yrs held
Eni Leeman Highway LLC
since 2025
1 recorded transaction
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
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
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
$11,441
Tax year 2023
Assessed value
$677,002
Assessed 2023
Previous assessed
$677,002
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$368,302
Assessed improvement
$308,700
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
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
1,967 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C4
APN
BTTH M:28 L:056
UPID
US42-0509706
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
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Eni Leeman Highway LLC
Entity
Mailing address
2 INTERNATIONAL WAY, LAWRENCE, MA 01843-1064
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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, 2025
—
Eni Leeman Highway LLC
—
Deed
related
$220,000,000 · Manufacturers & Traders Trust Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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