Property profile

215 Us Rte 1st 1 Falmouth, ME 04105

OFF-MARKET
Retail properties & Spaces
Property ID
US42-0266340
15,040 SF 2 ac lot Built 1983
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,040 SF
Lot 2 ac (87,120 SF)
Zoning code SB
APN FMTH M:U11 B:035 L:A
UPID US42-0266340

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215 Us Rte 1st 1 Falmouth, ME 04105-2075
Falmouth metro Census 2501 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.42M
Comparable Approach Comparable
$1.96M
Blend (final) Blend
$2.35M

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

SB · Falmouth, ME
Top alternative use upside
Commercial (general) $3.2M +6.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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