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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Showrooms
12 Newmarch St Kittery, ME 03904-1619
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0542583
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
2,336 SF
Lot
0.4 ac (17,424 SF)
Zoning code
MU-KF
APN
KITT M:003 L:008
UPID
US42-0542583
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
-
Grace Harriman, DDS Dental Office
-
Peixi Liao, DDS Dental Office
-
Center For Restortative Dnstry Dental Office
-
Apeksha Jain, DDS Dental Office
-
Thomas A Gurrette Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$600k
Owner & transaction history
3lb1 LLC · 4 yrs held
3lb1 LLC
since 2022
Last sale
$607,500
5 recorded transactions
Zoning & alternative use
MU-KF · Kittery, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$650,000
+0.2%
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 Kittery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kittery 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
$775,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
RETAIL STORES
$650,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $608k (May 18 2022)
Last sale anchor
$608k
May 18 2022
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
$257 / 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
$5,496
Tax year 2023
Assessed value
$403,800
Assessed 2023
Previous assessed
$403,800
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$216,000
Assessed improvement
$187,800
Applied tax rate
37,270.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Total area
2,336 SF
Lot
0.4 ac (17,424 SF)
Zoning code
MU-KF
APN
KITT M:003 L:008
UPID
US42-0542583
Jurisdiction
KITTERY
Zoning & alternative use
MU-KF · Kittery, ME
Zoning MU-KF · permitted uses
MU-KF · Kittery, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kittery. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$650,000
RETAIL STORES
Est. value
$650,000
COMMERCIAL (GENERAL) Current
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
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
3lb1 LLC
Entity
Mailing address
12 NEWMARCH ST, KITTERY, ME 03904-1619
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$607,500
3lb1 LLC
Professional Resource Dev
Warranty Deed
$400,000 · Saco & Biddeford Savings
Feb 10, 2017
—
Professional Resource Dev INC
Malvi Acquisitions LLC
Warranty Deed
related
—
Oct 31, 2016
—
Malvi Acquisitions LLC
Live Free Or Die LLC
Quit Claim Deed
related
—
Dec 31, 2012
—
Live Free Or Die LLC
Swallow,kathleen C & Stephen T
Warranty Deed
related
$500,000 · Machias Savings Bank
Nov 18, 2009
—
Stephen T Swallow
Swallow,stephen T
Grant Deed
related
$650,000 · Optima Bank & Trust
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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