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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Investment properties
116 Lewiston Rd Gray, ME 04039-7524
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US42-0438761
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2009
Construction
CONCRETE
Total area
6,600 SF
Lot
5.43 ac (236,531 SF)
Zoning code
BUSINE
APN
GRAY M:021 B:026 L:005-000
UPID
US42-0438761
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
-
Dean & Allyn, Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$1.81M
Owner & transaction history
Dpcmk LLC · 17 yrs held
Dpcmk LLC
since 2009
4 recorded transactions
Zoning & alternative use
BUSINE · Gray, 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 Gray submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gray 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%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,490,000
Current use
OFFICE BUILDING
$1,280,000
Change: -14% · Conversion: Easy
RETAIL STORES
$1,250,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±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
$273 / 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
$31,098
Tax year 2023
Assessed value
$2,048,600
Assessed 2023
Previous assessed
$2,048,600
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$100,300
Assessed improvement
$1,948,300
Applied tax rate
28,870.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
12
Total area
6,600 SF
Lot
5.43 ac (236,531 SF)
Zoning code
BUSINE
APN
GRAY M:021 B:026 L:005-000
UPID
US42-0438761
Jurisdiction
GRAY
Zoning & alternative use
BUSINE · Gray, ME
Zoning BUSINE · permitted uses
BUSINE · Gray, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gray. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
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
2009
Construction
CONCRETE
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
12
Lot
5.43 ac
Current owner
From public records · entity-resolved
Dpcmk LLC
Entity
Mailing address
8 ALLING DR, GRAY, ME 04039-9747
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
—
Dpcmk LLC
—
Deed
related
$771,531 · Camden Nat'l Bk
Jul 17, 2009
—
Dpcmk LLC
Central Maine Power Co
Grant Deed
$650,000 · Camden National Bank
Feb 25, 2008
$1,001
Dpcmk LLC
Oteri,john J
Grant Deed
related
—
—
—
Dpcmk LLC
—
Deed Of Trust
related
$771,531 · Camden Nat'l Bk
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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