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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Medical Office Space
155th Spurwink Ave Cape Elizabeth, ME 04107-9604
Individually Owned
Absentee Owner
Free & Clear
Property ID
US42-0806287
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Total area
5,549 SF
Lot
2.5 ac (108,900 SF)
Zoning code
RC
APN
CAPE U28015D 000
UPID
US42-0806287
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
MAINEHEALTH
MAINEHEALTH
Zoning & alternative use
RC · Cape Elizabeth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the district is to provide for areas of compact development that can foster cohesive neighborhoods that are close to community services
Zone name
Residence C District
General category
RESIDENTIAL
Zone area
829.70 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$820,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$550,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$525,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$505,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$150 / 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
$18,987
Tax year 2023
Assessed value
$849,900
Assessed 2023
Previous assessed
$849,900
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$107,700
Assessed improvement
$742,200
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
1968
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,549 SF
Lot
2.5 ac (108,900 SF)
Zoning code
RC
APN
CAPE U28015D 000
UPID
US42-0806287
Jurisdiction
CAPE ELIZABETH
Zoning & alternative use
RC · Cape Elizabeth, MEZoning RC · permitted uses
RC · 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 the district is to provide for areas of compact development that can foster cohesive neighborhoods that are close to community services
Zone name
Residence C District
General category
RESIDENTIAL
Zone area
829.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$525,000
RETAIL STORES
Est. value
$505,000
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
MAINEHEALTH
Individual
Free & Clear · 0 yrs held
Mailing address
300 SOUTHBOROUGH DR STE #130, SOUTH PORTLAND, ME 04106-6978
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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