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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Retail properties & Spaces
2391 Harpswell Iss Rd Harpswell, ME 04079
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US42-0344318
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1955
Construction
FRAME
Total area
14,110 SF
Lot
1.21 ac (52,708 SF)
Zoning code
SB
APN
HARP M:020 L:056
UPID
US42-0344318
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
$1.66M
Blend (final)
Blend
$1.28M
Owner & transaction history
Hutchins Ruby B · 12 yrs held
Hutchins Ruby B
since 2013
2 recorded transactions
Zoning & alternative use
SB · Harpswell, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
te plan review is not required CEO - Requires permit issued by the Code Enforcement Officer LPI - Requires permit issued by the Local Plumbing Inspector ABBREVIATIONS: RP - Resource Protection SR - Shoreland Residential SB - Shoreland Business CF I - Commercial Fisheries I CF II - Commercial Fisheries II MFMB - Mitchell Field Marine Business FOOTNOTES: Land…
Zone name
Shoreland Business
General category
INDUSTRIAL
Zone area
50.53 ac
Source
Town of Harpswell
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 Harpswell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harpswell 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
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±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
$91 / 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
$6,972
Tax year 2023
Assessed value
$1,142,900
Assessed 2023
Previous assessed
$1,142,900
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$678,600
Assessed improvement
$464,300
Applied tax rate
31,390.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1955
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Total area
14,110 SF
Lot
1.21 ac (52,708 SF)
Zoning code
SB
APN
HARP M:020 L:056
UPID
US42-0344318
Jurisdiction
HARPSWELL
Zoning & alternative use
SB · Harpswell, MEZoning SB · permitted uses
SB · Harpswell, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
te plan review is not required CEO - Requires permit issued by the Code Enforcement Officer LPI - Requires permit issued by the Local Plumbing Inspector ABBREVIATIONS: RP - Resource Protection SR - Shoreland Residential SB - Shoreland Business CF I - Commercial Fisheries I CF II - Commercial Fisheries II MFMB - Mitchell Field Marine Business FOOTNOTES: Land Use Table *For further information on the * uses in land use chart see Section 15.
Zone name
Shoreland Business
General category
INDUSTRIAL
Zone area
50.53 ac
Source
Town of Harpswell
Building & site characteristics
From public records
Year built
1955
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Hutchins Ruby B
Individual
Mailing address
PO BOX 14, BAILEY ISLAND, ME 04003-0014
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2013
—
Hutchins Ruby B
—
Deed Of Trust
related
$480,000 · Damriscotta Bank & Trust Co
Jun 17, 2010
—
Edgar S Hutchins JR.
—
Deed Of Trust
related
$75,000 · Damriscotta Bank & Trust Co
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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