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Property profile & analytics
OFF-MARKET
Investment properties
221 Water St Gardiner, ME 04345-2111
Individually Owned
10-yr Hold
Property ID
US42-0427655
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,750 SF
Lot
0.03 ac (1,307 SF)
Zoning code
17
APN
GARR M:037 B:130
UPID
US42-0427655
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
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
Andrew Molloy · 10 yrs held
Andrew Molloy
since 2015
5 recorded transactions
Zoning & alternative use
17 · Gardiner, 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 Gardiner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardiner 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
$3,536
Tax year 2023
Assessed value
$149,200
Assessed 2023
Previous assessed
$162,800
-8.4% YoY
Effective rate
2.37%
On assessed value
Assessed land
$26,500
Assessed improvement
$122,700
Applied tax rate
27,085.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
3
Units
5
Total area
3,750 SF
Lot
0.03 ac (1,307 SF)
Zoning code
17
APN
GARR M:037 B:130
UPID
US42-0427655
Jurisdiction
GARDINER
Zoning & alternative use
17 · Gardiner, ME
Zoning 17 · permitted uses
17 · Gardiner, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardiner. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Buildings
1
Units
5
Lot
0.03 ac
Current owner
From public records · entity-resolved
Andrew Molloy
Individual
Mailing address
226 WATER ST, HALLOWELL, ME 04347-1335
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Andrew S Molloy
—
Deed
related
$88,000 · 1st National Bank
Jan 20, 2023
—
Andrew S Molloy
—
Deed
related
$70,000 · First National Bank
Dec 23, 2015
—
Andrew Molloy
Carolyn J Nolin
Intrafamily Transfer
related
—
Dec 16, 2015
—
Andrew Molloy
Carolyn J Nolin
Intrafamily Transfer
related
$136,000 · Kennebunk Svgs Bank
Aug 31, 2005
—
Carolyn J Nolin
Jeweler Village
Intrafamily Transfer
related
$100,000 · Jeweler Village
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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