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Property profile & analytics
FOR LEASE
Individual retail properties
126 Main St, Topsham, ME 04086
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0310000
For Lease
1 / 2
$9 SF/Yr
126 Main St, Topsham, ME 04086
View Listing →
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,615 SF
Lot
1.17 ac (50,965 SF)
Zoning code
NO
APN
TOPM M:R05A L:003
UPID
US42-0310000
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
$2.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Main Street Leasing LLC · 3 yrs held
Main Street Leasing LLC
since 2022
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
NO · Topsham, 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 Topsham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Topsham 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
$2,510,000
ML approach
$2,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,125,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,050,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,890,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,630,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,580,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $2.45M (Dec 15 2022)
Last sale anchor
$2.45M
Dec 15 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
$120 / 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
$10,750
Tax year 2023
Assessed value
$791,600
Assessed 2023
Previous assessed
$787,200
+0.6% YoY
Effective rate
1.36%
On assessed value
Assessed land
$119,600
Assessed improvement
$672,000
Applied tax rate
76,960.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
For Lease
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
20,615 SF
Lot
1.17 ac (50,965 SF)
Zoning code
NO
APN
TOPM M:R05A L:003
UPID
US42-0310000
Jurisdiction
TOPSHAM
Zoning & alternative use
NO · Topsham, ME
Zoning NO · permitted uses
NO · Topsham, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Topsham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Main Street Leasing LLC
Entity
Mailing address
126 MAIN ST, TOPSHAM, ME 04086-1221
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
Dec 15, 2022
$2,450,000
Main Street Leasing LLC
Zenith Inv Group LLC
Quit Claim Arm's Length For Ne States
$1,960,000 · Mechanics Savings Bank
Jun 12, 2020
—
Zenith Investment Group
—
Deed
related
$360,000 · Androscoggin Bank
Dec 4, 2019
—
Zenith Investment Group LLC
Topsham Investment Group LLC
Quit Claim Deed
related
$1,260,000 · Androscoggin Svgs Bk
Apr 23, 2009
—
126 Main Street LLC
Tmedsc
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
—
—
Zenith Asset Group LLC
—
Deed Of Trust
related
$1,230,000 · Androscoggin Svgs Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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