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Property profile & analytics
FOR SALE
Commercial real estate
220 Lewiston Rd Gray, ME 04039
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US42-0102679
For Sale
1 / 6
$850,000
220 Lewiston Rd, Gray, ME 04039
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
1,500 SF
Lot
1.9 ac (82,764 SF)
Zoning code
BUSINE
APN
GRAY M:015 B:026 L:044-002
UPID
US42-0102679
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
-
P and B Paving Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Heath J Bell · 10 yrs held
Heath J Bell
since 2015
7 recorded transactions
Zoning & alternative use
BUSINE · Gray, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gray submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gray 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,386
Tax year 2023
Assessed value
$288,900
Assessed 2023
Previous assessed
$288,900
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$93,900
Assessed improvement
$195,000
Applied tax rate
28,870.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
NONE
Total area
1,500 SF
Lot
1.9 ac (82,764 SF)
Zoning code
BUSINE
APN
GRAY M:015 B:026 L:044-002
UPID
US42-0102679
Jurisdiction
GRAY
Zoning & alternative use
BUSINE · Gray, ME
Zoning BUSINE · permitted uses
BUSINE · Gray, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gray. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.9 ac
Current owner
From public records · entity-resolved
Heath J Bell
Individual
Mailing address
270 MAYALL RD, GRAY, ME 04039-9548
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
Heath J Bell
—
Deed
related
$690,000 · Atlantic Regional FCU
Jan 31, 2023
—
P&b Paving INC
—
Deed
related
$690,000 · Atlantic Regional FCU
Aug 24, 2018
—
Heath J Bell
—
Deed
related
$90,000 · Atlantic Regional FCU
Sep 15, 2015
—
Heath J Bell
Stepehanieanne Rice
Warranty Deed
$480,000 · Atlantic Regional FCU
Sep 18, 2014
—
Heath J Bell
Gray Associates INC
Grant Deed
related
$35,000 · Gray Assoc INC
Feb 7, 2007
—
Gray Associates INC
—
Deed Of Trust
related
$377,000 · Gorham Savings Bank
Nov 23, 2005
—
Gray Assoc INC
—
Deed Of Trust
related
$180,000 · Gorham Savings 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.
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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