Property profile

163 State St Gorham, ME 04038

OFF-MARKET
Showrooms
Property ID
US42-0640791
0.25 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

The property consists of a 2,207-square-foot Cape-style house built in 1962, along with multiple outbuildings including a former woodworking shop, a barn with a garage bay, a former showroom, and a playhouse/garden shed located within a private backyard area. The residence features two fireplaces, period moldings, and wood floors, with living spaces arranged across two levels plus a full basement. The first floor includes a kitchen with laundry access off an oversized garage, a dining room with a corner cabinet, an office/den, a remodeled half bath, a formal living room with a fireplace, and a sunken family room with exposed beams, a wet bar, and wide plank floors. The attached ell includes a fireplace with a wood stove, a full bathroom, and a primary bedroom suite opening to the rear porch. The second floor has two additional bedrooms and another full bathroom. The basement includes a workshop area and a replaced electrical panel. The property sits on a 1.69-acre lot and is located near the University and downtown Gorham.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 0.25 ac (10,890 SF)
Zoning code UR
APN GRHM M:040 B:012 L:001
UPID US42-0640791

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

163 State St Gorham, ME 04038-1024
Gorham metro Census 4002 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Zoning & alternative use

UR · Gorham, ME
Zoning description

by Ord. No. 24-94 ; 7-2-2024 by Ord. No. 24-97 ; 8-5-2025 by Ord. No. 25-82 ] To implement the provisions of this Part 1 , the Town of Gorham is hereby divided into the following classes of districts: Urban Residential U…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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