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    Property profile & analytics

    27 Grand Ave Scarborough, ME 04074-9210

    • Investment properties
    • 1,936 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $690,000
    Last Sale
    Mar 21, 2023
    $725,000
    Location Intelligence
    Property ID
    US42-0257568
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 27 Grand Ave

    Year built
    1953
    Lot size
    0.17 lot acres
    Property size
    1,936 SF
    Zone code
    15
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SCAR M:U023 L:111
    APU
    SCARMU023L111

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $705,000

    • CAP approach

      CAP return
      Estimation
      6%
      $715,000
      6.5%
      $630,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $770,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $630,000
      Mixed-Use
      $715,000
      Hospitality
      $545,000
      Educational
      $645,000
      Residential Income
      $655,000
      Energy
      $585,000
      Income-Based Land
      $590,000
      Food Service
      $680,000

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3473
    Latitude
    43.5404
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,156
    $315,800
    $132,300
    $448,100
    -
    $0.00
    $0.00
    $0.00

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    • Value Estimation
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      842 SF

      655 Us Rte 1st 1

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    27 Grand Ave
    Scarborough, ME 04074-9210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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