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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Medical Office Space
1226 Shr Rd Cape Elizabeth, ME 04107-2123
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US42-0144863
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Total area
4,147 SF
Lot
1.5 ac (65,340 SF)
Zoning code
TC
APN
CAPE U11014000000
UPID
US42-0144863
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Red Tail Properties LLC · 6 yrs held
Red Tail Properties LLC
since 2020
6 recorded transactions
Zoning & alternative use
TC · Cape Elizabeth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to encourage an identifiable Town Center that includes a village feeling, mixed retail and residential uses to serve residents, an environment inviting to pedestrians, a common meeting place, visual cohesiveness and enrichment and linkages to the Town open space and nearby school campus
Zone name
Town Center District
General category
CIVIC_INSTITUTIONAL
Zone area
109.24 ac
Source
Realmo
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 Cape Elizabeth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape Elizabeth 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
$575,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$930,000
7%
$865,000
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$181 / 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
$34,039
Tax year 2023
Assessed value
$1,523,700
Assessed 2023
Previous assessed
$1,523,700
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$457,100
Assessed improvement
$1,066,600
Applied tax rate
10,180.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1961
Heating
NONE
Cooling
YES
Stories
1
Total area
4,147 SF
Lot
1.5 ac (65,340 SF)
Zoning code
TC
APN
CAPE U11014000000
UPID
US42-0144863
Jurisdiction
CAPE ELIZABETH
Zoning & alternative use
TC · Cape Elizabeth, MEZoning TC · permitted uses
TC · Cape Elizabeth, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to encourage an identifiable Town Center that includes a village feeling, mixed retail and residential uses to serve residents, an environment inviting to pedestrians, a common meeting place, visual cohesiveness and enrichment and linkages to the Town open space and nearby school campus
Zone name
Town Center District
General category
CIVIC_INSTITUTIONAL
Zone area
109.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Red Tail Properties LLC
Entity
Mailing address
1226 SHR RD, CAPE ELIZABETH, ME 04107-2123
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2020
—
Red Tail Properties LLC
1226 Shore Rd LLC
Quit Claim Deed
related
$777,750 · Norway Savings Bank
Jul 22, 2019
—
1226 Shore Rd LLC
—
Deed
related
$312,000 · Delta Realty LLC
Sep 29, 2017
—
1226 Shore Rd LLC
Foxtrot Properties LLC
Quit Claim Deed
—
Aug 2, 2012
—
Foxtrot Props LLC
—
Deed Of Trust
related
$380,000 · Key Bank NA
May 12, 2005
—
Foxtrot Props LLC
—
Deed Of Trust
related
$1 · Saco & Biddeford Savings
—
—
1226 Shore Rd LLC
—
Deed Of Trust
related
$312,000 · 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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