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    Property profile & analytics

    198 Gray Rd Cumberland, ME 04021-3121

    • Retail properties
    • 910 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Sep 02, 2022
    Location Intelligence
    Property ID
    US42-0466451
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • D.J. Small Plumbing, Heating & Pumps / General Contractor / Contractor

    Property Details for 198 Gray Rd

    Year built
    2011
    Construction
    FRAME
    Lot size
    0.82 lot acres
    Property size
    910 SF
    Zone code
    VCC
    Property type
    Retail properties
    APN
    CMBL M:U20 L:3
    APU
    CMBLMU20L3

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3146
    Latitude
    43.8175
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,792
    $96,100
    $165,400
    $261,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      1,120 SF

      204 Gray Rd

      DEPARTMENT STORE • 1,120 SF
      204 Gray Rd, Cumberland, ME 04021-3122
      View Details
    • Value Estimation
      $1,600,000
      17,580 SF

      199 Middle Rd

      DEPARTMENT STORE • 17,580 SF
      199 Middle Rd, Cumberland, ME 04021-3835
      View Details
    • Value Estimation
      $535,000
      12,517 SF

      201 Gray Rd

      DEPARTMENT STORE • 12,517 SF
      201 Gray Rd, Cumberland, ME 04021-3114
      View Details
    • Value Estimation by Request
      0.38 Acres

      268 Middle Rd

      DEPARTMENT STORE • 0.38 Acres
      268 Middle Rd, Cumberland, ME 04021
      View Details
    • Value Estimation
      $250,000
      1.54 Acres

      169 Gray Rd

      DEPARTMENT STORE • 1.54 Acres
      169 Gray Rd, Cumberland, ME 04021-3113
      View Details
    • Value Estimation
      $245,000
      794 SF

      163 Gray Rd

      DEPARTMENT STORE • 794 SF
      163 Gray Rd, Cumberland, ME 04021-3113
      View Details

    Similar Nearby for Sale

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    • $940,000
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      Adaptable Commercial Building in Cumberland

      Modern commercial building with adaptable layout and high visibility location.
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    • $549,000

      Cumberland Development Lot Near I-95

      1.38 acre development lot with diverse zoning uses.
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      Buildable Land in Cumberland, Maine

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    198 Gray Rd
    Cumberland, ME 04021-3121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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