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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Commercial land
173 Gray Rd Cumberland, ME 04021-3113
Entity Owned
Absentee Owner
Free & Clear
Property ID
US42-0263615
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2 ac (87,120 SF)
Zoning code
VCC
APN
CMBL M:U19 L:13
UPID
US42-0263615
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
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Cumberland Re Group LLC
Cumberland Re Group LLC
since 2026
Last sale
$520,000
2 recorded transactions
Zoning & alternative use
VCC · Cumberland, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Village Center Commercial District (VCC). [Amended 6-1-2015 ; 9-26-2022 ; 4-28-2025 ] A. Purpose. The purpose of the Village Center Commercial District is to provide an area that allows for a mix of commercial uses such as retail sales, restaurants and business and professional offices. Pedestrian and bicycle travel will be safely provided through the use of…
Zone name
Village Center Commercial
General category
COMMERCIAL
Zone area
108.71 ac
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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Oct 28 2024)
Last sale anchor
$520k
Oct 28 2024
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
—
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
$2,264
Tax year 2023
Assessed value
$102,200
Assessed 2023
Previous assessed
$102,200
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$102,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
2 ac (87,120 SF)
Zoning code
VCC
APN
CMBL M:U19 L:13
UPID
US42-0263615
Jurisdiction
CUMBERLAND
Zoning & alternative use
VCC · Cumberland, MEZoning VCC · permitted uses
VCC · Cumberland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Village Center Commercial District (VCC). [Amended 6-1-2015 ; 9-26-2022 ; 4-28-2025 ] A. Purpose. The purpose of the Village Center Commercial District is to provide an area that allows for a mix of commercial uses such as retail sales, restaurants and business and professional offices. Pedestrian and bicycle travel will be safely provided through the use of sidewalks and bike lanes. (1) All development in this district shall be consistent with the Town of Cumberland Route 100 Design Standards . [1] [1]
Zone name
Village Center Commercial
General category
COMMERCIAL
Zone area
108.71 ac
Building & site characteristics
From public records
Heating
NONE
Lot
2 ac
Current owner
From public records · entity-resolved
Cumberland Re Group LLC
Entity
Free & Clear · 0 yrs held
Mailing address
187 GRAY RD, CUMBERLAND CENTER, ME 04021-3111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
—
Cumberland Re Group LLC
James G Howard
Deed
—
Oct 28, 2024
$520,000
Cumberland Re Group LLC
Ronald Copp
Warranty Deed
$5,630,120 · Maine Community Bank
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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