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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Office buildings
15 Pleasant Hl Rd Scarborough, ME 04074-9688
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US42-0198692
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
12,100 SF
Lot
2.59 ac (112,820 SF)
Zoning code
32
APN
SCAR M:U050 L:031
UPID
US42-0198692
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
-
Turner Memorial Cremation Urn's Scarborough Me. Big Box & Wholesale Store
-
Swaney Lighting Associates (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Marianne Tarraza Physician
-
Donna Chamoff Crisis Center Medical Clinic
-
Professional Psychiatric Wellness Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.45M
Owner & transaction history
Thomas Properties LLC · 6 yrs held
Thomas Properties LLC
since 2020
4 recorded transactions
Zoning & alternative use
32 · Scarborough, 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 Scarborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scarborough 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,340,000
Current use
RETAIL STORES
$2,295,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$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
$15,542
Tax year 2023
Assessed value
$973,200
Assessed 2023
Previous assessed
$973,200
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$401,800
Assessed improvement
$571,400
Applied tax rate
66,145.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
12
Total area
12,100 SF
Lot
2.59 ac (112,820 SF)
Zoning code
32
APN
SCAR M:U050 L:031
UPID
US42-0198692
Jurisdiction
SCARBOROUGH
Zoning & alternative use
32 · Scarborough, ME
Zoning 32 · permitted uses
32 · Scarborough, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scarborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING 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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
12
Lot
2.59 ac
Current owner
From public records · entity-resolved
Thomas Properties LLC
Entity
Mailing address
83 GRANDVIEW AVE, SOUTH PORTLAND, ME 04106-6115
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2020
—
Thomas Properties LLC
Msp Partners LLC
Quit Claim Deed
related
$900,000 · Androscoggin Bank
Aug 31, 2018
—
Msp Partners LLC
—
Deed
related
$712,500 · Katahdin Tr Co
Jan 17, 2008
—
Joseph B Wojcik JR.
15 Php LLC
Warranty Deed
$764,000 · Northeast Bank
—
—
Msp Partners LLC
—
Deed Of Trust
related
$712,500 · Katahdin Tr Co
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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