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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Commercial real estate
12 Sullivan St Berwick, ME 03901-2925
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US42-0284718
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,382 SF
Lot
7.91 ac (344,560 SF)
Zoning code
V/C
APN
BERW M:U004 B:146
UPID
US42-0284718
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
-
Primal Fit Maine Gym & Fitness Center
-
Badwolfe Butcher & Deli Take-out & Catering Butcher
-
Hygge on Maine Cafe & Coffee Shop
-
Mint Preventative Dental Spa Dental Office
-
Domino's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
Jcs 16 LLC · 6 yrs held
Jcs 16 LLC
since 2019
7 recorded transactions
Zoning & alternative use
V/C · Berwick, 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 Berwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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%
$4,010,000
6.5%
$3,705,000
7%
$3,440,000
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±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
$161 / 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
$41,088
Tax year 2023
Assessed value
$2,242,800
Assessed 2023
Previous assessed
$2,242,800
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$655,100
Assessed improvement
$1,587,700
Applied tax rate
4,720.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
8
Bathrooms
2
Total area
19,382 SF
Lot
7.91 ac (344,560 SF)
Zoning code
V/C
APN
BERW M:U004 B:146
UPID
US42-0284718
Jurisdiction
BERWICK
Zoning & alternative use
V/C · Berwick, ME
Zoning V/C · permitted uses
V/C · Berwick, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berwick. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
8
Bathrooms
2
Lot
7.91 ac
Current owner
From public records · entity-resolved
Jcs 16 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
20 MECHANIC ST, GORHAM, ME 04038-1560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
—
Jcs 16 LLC
—
Deed
related
$200,000 · Southern Me Plannig
Aug 17, 2021
—
Jcs 16 LLC
—
Deed
related
$300,000 · Southern Me Planning
Apr 8, 2021
—
Jcs 16 LLC
—
Deed
related
$600,000 · Southern Me Planning
Oct 31, 2019
—
Jcs 16 LLC
20 Sullivan Street LLC
Quit Claim Deed
related
—
Oct 26, 2018
—
Street LLC
Inhabitants Of The Municipalit
Quit Claim Deed
—
Mar 5, 2010
—
Prime Tanning Co INC
—
Deed Of Trust
related
$2,500,000 · Misc Other
Jul 7, 2009
—
Prime Tanning Co INC
—
Deed Of Trust
related
$1,000,000 · Finance Authority Of Maine
May 26, 2009
—
Jessica Taylor
Prime Tanning Co INC
Warranty Deed
related
—
Apr 2, 2009
—
Prime Tanning Co INC
—
Deed Of Trust
related
$9,000 · Misc Other
Nov 27, 2007
—
Prime Tanning Co INC
—
Deed Of Trust
related
$10 · Wells Fargo Mortgage
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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