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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Industrial properties
19 Bartlett Rd Gorham, ME 04038-2601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0484821
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Construction
STEEL FRAME
Total area
33,896 SF
Lot
4.5 ac (196,020 SF)
Zoning code
I
APN
GRHM M:012 B:024 L:000
UPID
US42-0484821
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
-
Custom Coach and Limousine Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.30M
Owner & transaction history
Mtb Properties LLC · 2 yrs held
Mtb Properties LLC
since 2024
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
I · 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
$3,300,000
ML approach
$3,300,000
CAP Approach
CAP Return
Estimation
6%
$3,615,000
6.5%
$3,335,000
7%
$3,100,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,075,000
Current use
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10% · vs last sale $3.30M (Jan 26 2024)
Last sale anchor
$3.30M
Jan 26 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
$97 / 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
$25,996
Tax year 2023
Assessed value
$1,890,600
Assessed 2023
Previous assessed
$1,890,600
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$526,300
Assessed improvement
$1,364,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
33,896 SF
Lot
4.5 ac (196,020 SF)
Zoning code
I
APN
GRHM M:012 B:024 L:000
UPID
US42-0484821
Jurisdiction
GORHAM
Zoning & alternative use
I · Gorham, ME
Zoning I · permitted uses
I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
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
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Mtb Properties LLC
Entity
Mailing address
19 BARTLETT RD, GORHAM, ME 04038-2601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
Mtb Properties LLC
—
Deed
related
$1,352,000 · Granite State Economic Development Corp
Jan 26, 2024
$3,300,000
Mtb Properties LLC
19 Bartlett Rd LLC
Warranty Deed
$1,650,000 · Northfield Savings Bank
Aug 2, 2013
—
19 Bartlett Rd LLC
—
Deed Of Trust
related
$810,000 · Camden National Bank
May 7, 2013
—
19 Bartlett Rd LLC
—
Deed Of Trust
related
$57,000 · Camden National Bank
Sep 23, 2008
—
19 Bratlett Rd LLC
—
Deed Of Trust
related
$75,000 · Misc Other
Jul 30, 2008
—
19 Bartlett Road LLC
Crothall Laundry Svcs INC
Warranty Deed
$2,700,000 · Machias Savings 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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