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Property profile & analytics
FOR SALE
Retail properties & Spaces
2 Chadbourne Rd Standish, ME 04084
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0145574
For Sale
1 / 2
$735,000
2 Chadbourne Rd, Standish, ME 04084
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1980
Construction
FRAME
Total area
6,187 SF
Lot
0.3 ac (13,068 SF)
Zoning code
VC
APN
STAN M:41 L:38
UPID
US42-0145574
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
-
Walker's Landing Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$735k
Owner & transaction history
Multivision Invs LLC · 3 yrs held
Multivision Invs LLC
since 2023
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
VC · Standish, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+2.2%
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 Standish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Standish 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
$730,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,170,000
Current use
OFFICE BUILDING
$1,200,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $750k (Feb 15 2023)
Last sale anchor
$750k
Feb 15 2023
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
$119 / 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
$5,493
Tax year 2023
Assessed value
$396,600
Assessed 2023
Previous assessed
$387,700
+2.3% YoY
Effective rate
1.39%
On assessed value
Assessed land
$77,900
Assessed improvement
$318,700
Applied tax rate
73,670.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1980
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Total area
6,187 SF
Lot
0.3 ac (13,068 SF)
Zoning code
VC
APN
STAN M:41 L:38
UPID
US42-0145574
Jurisdiction
STANDISH
Zoning & alternative use
VC · Standish, ME
Zoning VC · permitted uses
VC · Standish, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Standish. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES Current
OFFICE BUILDING
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
1980
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Multivision Invs LLC
Entity
Mailing address
2 CHADBOURNE RD, STANDISH, ME 04084-5423
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
—
Mutivision Invs LLC
—
Deed
related
$264,500 · Kathadin Trust Co
Nov 17, 2023
—
Multivision Invs LLC
—
Deed
related
$600,000 · Kathadin Trust Co
Feb 15, 2023
$750,000
Multivision Invs LLC
Timothy J Davis
Quit Claim Arm's Length For Ne States
$650,000 · Timothy J Davis
Feb 28, 2020
—
Timothy J Davis
—
Deed
related
$280,000 · Casco Federal Credit Union
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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