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Property profile & analytics
OFF-MARKET
Estimated value
$6,595,000
Warehouses
16 Heywood Rd, Waterville, ME 04901
Individually Owned
3-yr Hold
Free & Clear
Property ID
US42-0612735
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
113,500 SF
Lot
10.63 ac (462,904 SF)
Zoning code
CZ
APN
WINS M:010 B:018 L:001
UPID
US42-0612735
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
$6.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$6.60M
Owner & transaction history
Store Master Funding 26 · 3 yrs held
Store Master Funding 26
since 2022
Last sale
$6.7M
1 recorded transaction
Zoning & alternative use
CZ · Waterville, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.8M
+192.2%
Retail stores
$8.5M
+131.6%
Auto repair, garage
$7.8M
+112.5%
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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
$6,885,000
ML approach
$6,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,775,000
Change: +192% · Conversion: Difficult
RETAIL STORES
$8,540,000
Change: +132% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,835,000
Change: +113% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,865,000
Change: +86% · Conversion: Easy
Blend value · Realmo final
$6.60M
Range $5.94M – $7.25M · ±10% · vs last sale $6.73M (Aug 25 2022)
Last sale anchor
$6.73M
Aug 25 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
$58 / 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
$59,604
Tax year 2023
Assessed value
$3,973,600
Assessed 2023
Previous assessed
$3,973,600
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$387,500
Assessed improvement
$3,586,100
Applied tax rate
86,515.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
2
Total area
113,500 SF
Lot
10.63 ac (462,904 SF)
Zoning code
CZ
APN
WINS M:010 B:018 L:001
UPID
US42-0612735
Jurisdiction
WINSLOW
Zoning & alternative use
CZ · Waterville, ME
Zoning CZ · permitted uses
CZ · Waterville, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.8M
RETAIL STORES
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.8M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
2
Lot
10.63 ac
Current owner
From public records · entity-resolved
Store Master Funding 26
Individual
Free & Clear · 3 yrs held
Mailing address
16 HEYWOOD RD, WATERVILLE, ME 04901
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$6,725,000
Store Master Funding 26
Orion Ropeworks LLC
Quit Claim Arm's Length For Ne States
—
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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