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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Office buildings
23 Spg St, Scarborough, ME 04074-7701
Entity Owned
16-yr Hold
Absentee Owner
Property ID
US42-0347193
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
11,682 SF
Lot
1.29 ac (56,192 SF)
Zoning code
22
APN
SCAR M:R037 L:035
UPID
US42-0347193
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
-
Northpoint Mortgage, Inc. Loan Service Bank
-
Lighthouse Foot and Ankle Center Physician
-
Michele Kurlanski, DPM Physician
-
David Hurst Physician
-
Solamar Hospice Care Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$1.66M
Owner & transaction history
Ace Realty LLC · 16 yrs held
Ace Realty LLC
since 2009
6 recorded transactions
Zoning & alternative use
22 · Scarborough, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+16.6%
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 Scarborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scarborough 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,260,000
Current use
COMMERCIAL (GENERAL)
$2,640,000
Change: +17% · Conversion: Easy
RETAIL STORES
$2,215,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$142 / 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
$21,836
Tax year 2023
Assessed value
$1,367,300
Assessed 2023
Previous assessed
$1,367,300
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$459,200
Assessed improvement
$908,100
Applied tax rate
66,145.0000
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
2000
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Total area
11,682 SF
Lot
1.29 ac (56,192 SF)
Zoning code
22
APN
SCAR M:R037 L:035
UPID
US42-0347193
Jurisdiction
SCARBOROUGH
Zoning & alternative use
22 · Scarborough, ME
Zoning 22 · permitted uses
22 · Scarborough, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scarborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Lot
1.29 ac
Current owner
From public records · entity-resolved
Ace Realty LLC
Entity
Mailing address
7 HEATHER LN, FALMOUTH, ME 04105-1809
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
—
Msp Commercial Relty LLC
—
Deed
related
$1,350,000 · Kathadin Trust Co
Dec 28, 2017
—
Msp Commercial Realty LLC
—
Deed
related
$1,843,600 · Gorham Savings Bank
Oct 31, 2017
—
Msp Commercial Realty LLC
—
Deed
related
$545,000 · Gorham Savings Bank
Sep 18, 2014
—
Ace Realty LLC
—
Grant Deed
related
$775,000 · Gorham Svgs Bk
Sep 1, 2009
—
Ace Realty LLC
Pineo Realty LLC
Grant Deed
$1,000,000 · Bank Of America
—
—
Msp Commercial Realty LLC
—
Deed Of Trust
related
$650,000 · Gorham Svgs Bk
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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