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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
119 Main St Kennebunk, ME 04043-7088
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US42-0201728
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1850
Construction
FRAME
Total area
2,632 SF
Lot
0.19 ac (8,276 SF)
APN
KENB M:046 L:064
UPID
US42-0201728
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
-
The Maine Criminal Defense Group Law Firm
-
The Maine Divorce Group Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$635k
Owner & transaction history
Growing Mindz LLC · 5 yrs held
Growing Mindz LLC
since 2021
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$730,000
+43.5%
Commercial (general)
$730,000
+43.2%
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 Kennebunk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennebunk 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%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$510,000
Current use
RETAIL STORES
$730,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$730,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$241 / 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
$8,863
Tax year 2023
Assessed value
$552,200
Assessed 2023
Previous assessed
$552,200
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$255,300
Assessed improvement
$296,900
Applied tax rate
36,535.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1850
Construction
FRAME
Heating
HEAT PUMP
Buildings
1
Stories
2
Units
1
Total area
2,632 SF
Lot
0.19 ac (8,276 SF)
APN
KENB M:046 L:064
UPID
US42-0201728
Jurisdiction
KENNEBUNK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$510,000
RETAIL STORES
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$730,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1850
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Growing Mindz LLC
Entity
Mailing address
10 OTTAWA WOODS RD, SCARBOROUGH, ME 04074-9113
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2021
—
Growing Mindz LLC
Crossways Park LLC
Quit Claim Deed
related
$332,500 · Biddeford Savings Bank
Jul 18, 2019
—
Three Eighty LLC
Camden Natl Bk
Quit Claim Deed
related
—
Jan 18, 2018
—
119 Main Street LLC
—
Deed
related
$200,000 · Delta Realty LLC
Aug 29, 2007
—
119 Main Street LLC
—
Deed Of Trust
related
$552,000 · Camden National Bank
Aug 6, 2007
—
119 Main Street LLC
—
Deed Of Trust
related
$552,000 · Camden National Bank
—
—
119 Main Street LLC
—
Deed Of Trust
related
$200,000 · Delta Realty LLC
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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