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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
160 Longwoods Rd Cumberland, ME 04021-8702
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US42-0445074
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,402 SF
Lot
2.49 ac (108,464 SF)
Zoning code
HC
APN
CMBL M:U08 L:15
UPID
US42-0445074
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
-
Investing Engineers Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$610k
Owner & transaction history
Hallett Canvas&sails · 8 yrs held
Hallett Canvas&sails
since 2018
3 recorded transactions
Zoning & alternative use
HC · Cumberland, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Highway Commercial District (HC). The purpose of the HC District is to allow a wide range of business and professional uses that provide Town-wide service as well as roadside service for through traffic on major arterials. Site plan review and approval by the Planning Board are required, with the exception of single-family dwellings, bed-and-breakfasts with…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
91.22 ac
Top alternative use upside
Commercial (general)
$995,000
+16.6%
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
COMMERCIAL (GENERAL)
$995,000
Change: +17% · Conversion: Easy
RETAIL STORES
$835,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$139 / 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
$10,625
Tax year 2023
Assessed value
$479,700
Assessed 2023
Previous assessed
$479,700
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$126,500
Assessed improvement
$353,200
Applied tax rate
15,430.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
2
Units
3
Total area
4,402 SF
Lot
2.49 ac (108,464 SF)
Zoning code
HC
APN
CMBL M:U08 L:15
UPID
US42-0445074
Jurisdiction
CUMBERLAND
Zoning & alternative use
HC · Cumberland, MEZoning HC · permitted uses
HC · Cumberland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Highway Commercial District (HC). The purpose of the HC District is to allow a wide range of business and professional uses that provide Town-wide service as well as roadside service for through traffic on major arterials. Site plan review and approval by the Planning Board are required, with the exception of single-family dwellings, bed-and-breakfasts with three or fewer guest bedrooms, and day-care homes. A. The following uses are permitted in the HC District: [Amended 7-23-2012 ] (1) Single-family detached dwellings. (2) Duplex dwellings. (3) Multiplex dwellings. (4) An accessory dwelling unit as permitted in § 315-45A . [Added 11-26-2012 [1] ] [1] Editor’s Note: With the addition of this ordinance, former Subsection A(4) through (35) was redesignated as Subsection A(5) through (36) , respectively. (5) Business and professional offices. (6) Cafe. [Added 6-1-2015 [2] ] [2]
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
91.22 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$995,000
RETAIL STORES
Est. value
$835,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
1
Units
3
Lot
2.49 ac
Current owner
From public records · entity-resolved
Hallett Canvas&sails
Individual
Mailing address
215 FORESIDE RD, FALMOUTH, ME 04105-1786
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
—
Hallett Canvas&sails
Casco Holdings LLC
Intrafamily Transfer
related
$300,000 · Norway Savings Bank
Jan 6, 2015
—
Casco Systems LLC
—
Grant Deed
related
$375,000 · City Of Portland (me)
May 2, 2011
—
Casco Systems LLC
Longwood Assoc
Warranty Deed
related
$220,000 · City Of Portland (me)
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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