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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Investment properties
27 Grand Ave, Scarborough, ME 04074-9210
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0257568
Property summary
AI-generated overview
This exceptional retail property at 27 East Grand Avenue in Scarborough, Maine, presents a unique investment opportunity. The 1,936 square foot building, constructed in 1953, sits on a 0.17-acre lot and features a desirable multi-tenant configuration, perfect for a variety of food-related businesses such as a deli, convenience store, or bakery. The two-story structure offers ample space for both retail operations and potential storage or office areas. The property includes five convenient parking spaces for customers and employees. Located in a vibrant area, this building benefits from high visibility and accessibility. The zoning designation is R4A - Residential 4A & Shoreland Zoning Overlay, providing flexibility for potential uses. The property's APN is Map U023, Lot 111, within Cumberland County. This well-maintained building offers a strong foundation for a thriving retail enterprise, with significant potential for growth and return on investment. Its prime location and versatile layout make it an attractive option for both established businesses and new ventures seeking a foothold in the Scarborough market. The property's address is 27 E Grand Ave, Scarborough, ME 04074.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1953
Total area
1,936 SF
Lot
0.17 ac (7,405 SF)
Zoning code
15
APN
SCAR M:U023 L:111
UPID
US42-0257568
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
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$720k
Owner & transaction history
28 High St LLC · 3 yrs held
28 High St LLC
since 2023
Last sale
$725,000
3 recorded transactions
Zoning & alternative use
15 · Scarborough, 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 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
$705,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$435,000
Current use
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $725k (Mar 21 2023)
Last sale anchor
$725k
Mar 21 2023
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
$372 / 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
$7,156
Tax year 2023
Assessed value
$448,100
Assessed 2023
Previous assessed
$448,100
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$315,800
Assessed improvement
$132,300
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
Similar Nearby for Lease
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
1953
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
7
Bathrooms
3
Total area
1,936 SF
Lot
0.17 ac (7,405 SF)
Zoning code
15
APN
SCAR M:U023 L:111
UPID
US42-0257568
Jurisdiction
SCARBOROUGH
Zoning & alternative use
15 · Scarborough, ME
Zoning 15 · permitted uses
15 · 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
COMMERCIAL (GENERAL) Current
Est. value
$435,000
COMMERCIAL (GENERAL) Current
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
1953
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
7
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
28 High St LLC
Entity
Mailing address
27 E GRAND AVE, SCARBOROUGH, ME 04074-9210
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
$725,000
28 High St LLC
Mer17 LLC
Warranty Deed
$500,000 · Androscoggin Bank
Aug 2, 2017
—
Mer 17 LLC
—
Deed
related
$200,000 · Bangor Savings Bank
Jun 30, 2014
—
Blak LLC
Matte,steven P & Sherri A
Warranty Deed
related
$380,000 · Peoples Bk/al
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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