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Property profile & analytics
FOR LEASE
Office buildings
16 Casco St Portland, ME 04101
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US42-0047508
For Lease
1 / 5
$20 SF/Yr
16 Casco St, Portland, ME 04101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
13,104 SF
Lot
0.26 ac (11,130 SF)
APN
PTLD M:037 B:C010001
UPID
US42-0047508
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
-
Spinglass Management Group, LLC Business Management Consultant
-
PEWTER GYM LLC Gym & Fitness Center
-
Globe Life American Income Division: Arias Organization Insurance Agency
-
CORE Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.41M
Owner & transaction history
Sheepdog LLC · 5 yrs held
Sheepdog LLC
since 2020
7 recorded transactions
Zoning & alternative use
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 Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland 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
INDUSTRIAL (GENERAL)
$1,960,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$107 / 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
$13,728
Tax year 2023
Assessed value
$952,700
Assessed 2023
Previous assessed
$952,700
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$455,900
Assessed improvement
$496,800
Applied tax rate
60,545.0000
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
For Lease
Year built
1900
Heating
NONE
Buildings
1
Units
1
Total area
13,104 SF
Lot
0.26 ac (11,130 SF)
APN
PTLD M:037 B:C010001
UPID
US42-0047508
Jurisdiction
PORTLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$2.0M
INDUSTRIAL (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
1900
Heating
NONE
Buildings
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Sheepdog LLC
Entity
Mailing address
16 CASCO ST, PORTLAND, ME 04101-3390
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
Shell Co LLC
—
Deed
related
$1,085,000 · Androscoggin Bank
Nov 2, 2020
—
Sheepdog LLC
Somaluzo LLC
Quit Claim Arm's Length For Ne States
$925,000 · Androscoggin Bank
Feb 21, 2019
—
Somaluzo LLC
—
Deed
related
—
Apr 16, 2010
—
Somaluzo LLC
Branch Banking & Trust Co
Grant Deed
$1,000,000 · Norway Savings Bank
Jan 26, 2010
—
Branch Banking&trust Co
16 Casco Street LLC
Grant Deed
related
—
Jun 15, 2009
—
16 Casco Street LLC
—
Deed Of Trust
related
$1,208,000 · Branch Banking & Trust Co
Aug 14, 2007
—
16 Casco Street LLC
Survey Props INC
Warranty Deed
$1,208,000 · Branch Banking & Trust Co
Feb 13, 2006
—
Sports Realty 2 Portland
Portland Terminal Co
Quit Claim Deed
related
—
—
—
Somaluzo LLC
—
Loan Modification
related
—
—
—
Sheepdog LLC
—
Deed Of Trust
related
$740,000 · Androscoggin Bk
—
—
Sheepdog LLC
—
Deed Of Trust
related
$763,000 · Granite St Economic Dev
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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