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Property profile & analytics
OFF-MARKET
Estimated value
$5,275,000
Office buildings
2 Punkin Town Rd, South Berwick, ME 03908-1845
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US42-0304609
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Construction
CONCRETE
Total area
23,925 SF
Lot
2.97 ac (129,373 SF)
Zoning code
I1 IND
APN
SBER M:001 B:034
UPID
US42-0304609
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
-
Punkintown Place Real Estate Agency
-
Fresh Face Esthetics Medical Clinic Skin Care Clinic
-
GRIT Fitness Gym & Fitness Center
-
Sorella Salon & Spa Hair Salon Nail Salon
-
A to Z Abilities Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.43M
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$5.28M
Owner & transaction history
236mc LLC · 8 yrs held
236mc LLC
since 2018
1 recorded transaction
Zoning & alternative use
I1 IND · South Berwick, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.6M
+43.5%
Commercial (general)
$6.6M
+43.2%
Restaurant
$5.0M
+7.7%
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 South Berwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Berwick 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%
$6,965,000
6.5%
$6,430,000
7%
$5,970,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,630,000
Current use
RETAIL STORES
$6,645,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,635,000
Change: +43% · Conversion: Easy
RESTAURANT
$4,985,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$5.28M
Range $4.75M – $5.80M · ±10%
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
$220 / 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
$44,250
Tax year 2023
Assessed value
$3,169,800
Assessed 2023
Previous assessed
$2,575,600
+23.1% YoY
Effective rate
1.40%
On assessed value
Assessed land
$151,100
Assessed improvement
$3,018,700
Applied tax rate
70,030.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
FORCED AIR
Stories
3
Bathrooms
4
Total area
23,925 SF
Lot
2.97 ac (129,373 SF)
Zoning code
I1 IND
APN
SBER M:001 B:034
UPID
US42-0304609
Jurisdiction
SOUTH BERWICK
Zoning & alternative use
I1 IND · South Berwick, ME
Zoning I1 IND · permitted uses
I1 IND · South Berwick, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Berwick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.6M
RETAIL STORES
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.6M
RESTAURANT
Est. value
$5.0M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
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
2018
Construction
CONCRETE
Heating
FORCED AIR
Stories
3
Bathrooms
4
Lot
2.97 ac
Current owner
From public records · entity-resolved
236mc LLC
Entity
Mailing address
2 PUNKIN TOWN RD STE #340, SOUTH BERWICK, ME 03908-1846
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2018
—
236mc LLC
—
Deed
related
$1,875,000 · Kennebunk Svgs 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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