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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Industrial properties
12 Central St South Berwick, ME 03908-1402
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0452210
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
CONCRETE
Total area
6,930 SF
Lot
1.96 ac (85,378 SF)
Zoning code
BR BUS
APN
SBER M:027 B:077
UPID
US42-0452210
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
-
Spray Maine, Inc Powder Coating Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.06M
Owner & transaction history
Spray Me INC · 5 yrs held
Spray Me INC
since 2020
2 recorded transactions
Zoning & alternative use
BR BUS · South Berwick, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+124.1%
Restaurant
$875,000
+60.5%
Commercial (general)
$835,000
+52.5%
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 South Berwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Berwick 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%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,225,000
Change: +124% · Conversion: Difficult
RESTAURANT
$875,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$835,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$705,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$152 / 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
$11,983
Tax year 2023
Assessed value
$858,400
Assessed 2023
Previous assessed
$858,400
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$184,100
Assessed improvement
$674,300
Applied tax rate
70,030.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
6
Bathrooms
3
Total area
6,930 SF
Lot
1.96 ac (85,378 SF)
Zoning code
BR BUS
APN
SBER M:027 B:077
UPID
US42-0452210
Jurisdiction
SOUTH BERWICK
Zoning & alternative use
BR BUS · South Berwick, ME
Zoning BR BUS · permitted uses
BR BUS · South Berwick, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Berwick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$835,000
RETAIL STORES
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$705,000
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1970
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
3
Lot
1.96 ac
Current owner
From public records · entity-resolved
Spray Me INC
Entity
Mailing address
143 BRICKETT HL CIR, HAVERHILL, MA 01830-1583
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
—
Spray Me INC
—
Deed
related
$125,000 · April-may Realty Trust (ct)
—
—
Spray Me INC
—
Deed Of Trust
related
$125,000 · April-may Realty Trust (ct)
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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