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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Turn key restaurants
1906 Harpswell Nck Rd Harpswell, ME 04079-3324
Entity Owned
~
Est. High Equity
Property ID
US42-0064132
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
FRAME
Total area
4,654 SF
Lot
0.51 ac (22,300 SF)
Zoning code
SB
APN
HARP M:018 L:108
UPID
US42-0064132
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$510k
Owner & transaction history
Harpswell Collective INC
Harpswell Collective INC
since 2025
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
SB · Harpswell, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
te plan review is not required CEO - Requires permit issued by the Code Enforcement Officer LPI - Requires permit issued by the Local Plumbing Inspector ABBREVIATIONS: RP - Resource Protection SR - Shoreland Residential SB - Shoreland Business CF I - Commercial Fisheries I CF II - Commercial Fisheries II MFMB - Mitchell Field Marine Business FOOTNOTES: Land…
Zone name
Shoreland Business
General category
INDUSTRIAL
Zone area
50.53 ac
Source
Town of Harpswell
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 Harpswell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harpswell 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
RESTAURANT
$610,000
Current use
OFFICE BUILDING
$585,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$555,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $500k (Jun 2 2025)
Last sale anchor
$500k
Jun 2 2025
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
$110 / 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
$4,890
Tax year 2023
Assessed value
$801,600
Assessed 2023
Previous assessed
$801,600
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$305,500
Assessed improvement
$496,100
Applied tax rate
31,390.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Total area
4,654 SF
Lot
0.51 ac (22,300 SF)
Zoning code
SB
APN
HARP M:018 L:108
UPID
US42-0064132
Jurisdiction
HARPSWELL
Zoning & alternative use
SB · Harpswell, MEZoning SB · permitted uses
SB · Harpswell, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
te plan review is not required CEO - Requires permit issued by the Code Enforcement Officer LPI - Requires permit issued by the Local Plumbing Inspector ABBREVIATIONS: RP - Resource Protection SR - Shoreland Residential SB - Shoreland Business CF I - Commercial Fisheries I CF II - Commercial Fisheries II MFMB - Mitchell Field Marine Business FOOTNOTES: Land Use Table *For further information on the * uses in land use chart see Section 15.
Zone name
Shoreland Business
General category
INDUSTRIAL
Zone area
50.53 ac
Source
Town of Harpswell
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$610,000
OFFICE BUILDING
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$555,000
RESTAURANT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1975
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Harpswell Collective INC
Entity
Mailing address
1906 HARPSWELL NCK RD, HARPSWELL, ME 04079-3324
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
$500,000
Harpswell Collective INC
Estes Properties LLC
Warranty Deed
—
Aug 7, 2020
—
Estes Properties LLC
Larry G Crooker
Warranty Deed
—
May 19, 2010
—
Estes Props LLC
Crooker,larry G
Warranty Deed
related
—
Dec 11, 2007
—
Larry G Crooker
—
Deed Of Trust
related
$262,700 · Androscoggin Bank
Mar 9, 2006
—
Larry G Crooker
—
Deed Of Trust
related
$200,276 · Androscoggin 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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