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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Showrooms
27 Riv Rd Newcastle, ME 04553-3845
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US42-0274423
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Total area
16,812 SF
Lot
1 ac (43,560 SF)
Zoning code
RURAL
APN
NEWC M:012 L:056
UPID
US42-0274423
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
-
Mary G. Pitkin, LCPC Counselor Doctor
-
Shaughnessy Heather Foster Care Service Social Service Agency
-
A Massage Is Marvelous Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$785k
Owner & transaction history
Twin Villages LLC
Twin Villages LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
RURAL · Newcastle, 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 Newcastle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newcastle 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
COMMERCIAL (GENERAL)
$1,125,000
Current use
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $1.05M (Oct 16 2025)
Last sale anchor
$1.05M
Oct 16 2025
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
$47 / 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
$14,027
Tax year 2023
Assessed value
$876,700
Assessed 2023
Previous assessed
$876,700
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$55,000
Assessed improvement
$821,700
Applied tax rate
48,645.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Heating
NONE
Units
14
Total area
16,812 SF
Lot
1 ac (43,560 SF)
Zoning code
RURAL
APN
NEWC M:012 L:056
UPID
US42-0274423
Jurisdiction
NEWCASTLE
Zoning & alternative use
RURAL · Newcastle, ME
Zoning RURAL · permitted uses
RURAL · Newcastle, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newcastle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
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
Heating
NONE
Units
14
Lot
1 ac
Current owner
From public records · entity-resolved
Twin Villages LLC
Entity
Mailing address
561 RTE 1ST 1, NEWCASTLE, ME 04553-3800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
$1,050,000
Twin Villages LLC
Mexicali Views LLC
Warranty Deed
$950,000 · Maine Community Bank
Aug 1, 2022
—
Mexicali Views LLC
—
Deed
related
$200,000 · First National Bank
Apr 8, 2022
—
Mexicali Views LLC
—
Deed
related
$338,400 · 1st National Bank
Jan 11, 2022
—
Mexicali Views LLC
—
Deed
related
$200,000 · 1st National Bank
Aug 4, 2021
—
Mexicali Vws LLC
—
Deed
related
$200,000 · 1st National Bank
Apr 21, 2020
—
Mexicali Views LLC
—
Deed
related
$350,000 · 1st National Bank
Dec 31, 2018
—
Mexicali Views LLC
—
Deed
related
$467,500 · 1st National Bank
Mar 25, 2011
—
Mexicali Views LLC
—
Deed Of Trust
related
$88,000 · The First NA
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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