Financial
Distress signals
Property profile

19 Buffum Rd North Berwick, ME 03906

FOR SALE
Showrooms
Property ID
US42-0310162
32,320 SF 6.5 ac lot
Last sale Nov 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is located in North Berwick, Maine on a 6.5-acre lot and is zoned Residential 1. It consists of a six-unit general commercial building configured for medical cannabis operations, with an approved and existing medical cannabis facility and related infrastructure in place. Four of the six units are currently operated by approved medical cannabis operators, and the remaining two units are general commercial spaces.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value$2.33M
Assessed land$264k
Assessed improvement$2.06M
Effective rate1.07%

Value estimate

· Sep 2026
$3.36M
$3.02M – $3.69M
Sales comparison$4.07M
NOI build-up
Gross scheduled income$485k
Vacancy & credit loss−$9k
Operating expenses−$71k
NOI · 21.36% cap applied$405k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$277/SF
County average, outlier-cleaned · 134 recorded sales of this use type
Observed band · Q1–Q3$126 – $447

Cap rate analysis

How does the asset earn?
21.36%
$405k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RESIDE
JurisdictionNORTH BERWICK

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.0
Storage Facility8.5
Convenience Store8.4

Location

19 Buffum Rd North Berwick, ME 03906
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
44 Market, North Berwick, ME 03906 $300,000 Sep 2025 2,324 SF
27 Church, North Berwick, ME 03906 $360,000 Dec 2024 4,566 SF
91 Elm, North Berwick, ME 03906-6770 $382,714 Aug 2023 1,260 SF
381 High, North Berwick, ME 03906-6103 $710,000 Jul 2023 2,720 SF
34 Main, North Berwick, ME 03906 $4,982,114 May 2023 3,235 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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