Entity Owned Property summary
AI-generated overview
The property is a retail building with approximately 12,694 square feet and about 375 feet of frontage on Main Street. It is positioned along Route One and provides visibility to passing traffic. The structure includes two overhead doors and a large exterior yard area.
Property profile
Verified
Property type
Other retail properties
Use group
DEPARTMENT STORE
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,694 SF
Lot
2.5 ac (108,900 SF)
Zoning code
Z
APN
SPOR M:032 L:113
UPID
US42-0318107
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.46M
Owner & transaction history
since 2023
Last sale
$1.5M
1 recorded transaction
Zoning & alternative use
Z · South Portland, ME
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.46M
Value range
$1.31M – $1.60M
±10% around blend
Estimated value / SF
$115 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$1.31M
blend $1.46M
$1.60M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,694 SF
Lot area
2.5 ac
Year built
1963
Stories
1
APN
SPOR M:032 L:113
Zoning
Z
Assessed value
$795,200
Annual tax
$11,244
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.04M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.22M
@ 6.5% CAP return
$2.04M
@ 7% CAP return
$1.90M
4
Sales comparison
Partial preview
Sales approach indication
$1.59M
Range $1.59M – $4.03M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.46M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 41 sales
$203
-43%
County 86 sales
$190
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $115/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
9.10%
Implied, in-place cap rate for this other retail properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.10%
9.0%
NOI (est.)
$105k *
Last sale · Dec 2023
$1.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.15M
Move the market yield to see immediate price impact.
Value / SF
$91
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.60%9.10%9.60%
$95k
$1.10M
$1.04M
$984k
$105k
$1.22M
$1.15M
$1.09M
$116k
$1.34M
$1.27M
$1.20M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,244
Tax year 2023
Assessed value
$795,200
Assessed 2023
Previous assessed
$795,200
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$290,500
Assessed improvement
$504,700
Applied tax rate
71,990.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other retail properties
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
12,694 SF
Lot
2.5 ac (108,900 SF)
Zoning code
Z
APN
SPOR M:032 L:113
UPID
US42-0318107
Jurisdiction
SOUTH PORTLAND
Zoning & alternative use
Z · South Portland, MEZoning Z · permitted uses
Z · South Portland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z
Jurisdiction
South Portland, ME
Recorded code
Z
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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