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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Showrooms
18 Elm St Gorham, ME 04038-1532
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US42-0072847
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2017
Construction
FRAME
Total area
5,168 SF
Lot
0.25 ac (10,890 SF)
Zoning code
UC
APN
GRHM M:102 B:165 L:000
UPID
US42-0072847
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
-
Carters Green market (Bike/Boat/Book/etc) Store
-
Iaia’ Brazil Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$690k
Owner & transaction history
Carters Development LLC · 10 yrs held
Carters Development LLC
since 2016
7 recorded transactions
Zoning & alternative use
UC · Gorham, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gorham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gorham 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,000,000
Change: -14% · Conversion: Easy
RETAIL STORES
$980,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$134 / 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
$9,739
Tax year 2023
Assessed value
$708,300
Assessed 2023
Previous assessed
$708,300
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$122,500
Assessed improvement
$585,800
Applied tax rate
28,240.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
10
Bathrooms
3
Total area
5,168 SF
Lot
0.25 ac (10,890 SF)
Zoning code
UC
APN
GRHM M:102 B:165 L:000
UPID
US42-0072847
Jurisdiction
GORHAM
Zoning & alternative use
UC · Gorham, ME
Zoning UC · permitted uses
UC · Gorham, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gorham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$980,000
OFFICE BUILDING
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
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
10
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Carters Development LLC
Entity
Mailing address
18 ELM ST, GORHAM, ME 04038-1532
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2017
—
Carters Dev LLC
—
Deed
related
$1,320,000 · Gorham Svgs Bk
May 12, 2016
—
Carters Development LLC
Eric P Tarbox
Foreclosure
related
$225,000 · Gorham Savings Bank
Feb 27, 2015
—
Eric P Tarbox
Us Bk National Assn|tarbox,eric P
Trustees Deed
related
—
Aug 9, 2010
—
Eric Tarbox
Tarbox,eric
Warranty Deed
related
—
Apr 2, 2008
—
Eric P Tarbox
—
Deed Of Trust
related
$221,523 · Franklin American Mortgage Co
Sep 5, 2007
—
Eric P Tarbox
Stcyr,richard E
Warranty Deed
$218,250 · Downeast Mortgage Corp
—
—
Carters Dev LLC
—
Deed Of Trust
related
$1,320,000 · Gorham Svgs Bk
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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