Individually Owned 
For Sale
1 / 41
$439,900
275 Main St, South Berwick, ME 03908
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Property summary
AI-generated overview
This commercial property is located in downtown South Berwick, Maine, providing street-level visibility and access within walking distance of local restaurants, convenience stores, and the New Hampshire and Maine seacoast areas. The premises include ample on-site parking for customers and staff and a deeded parking spot behind the building. The unit has been configured for food-related use, with an on-site dry basement that provides additional storage space. The property is suited for continued food service operations or other compatible business uses.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1850
Construction
CONCRETE
Total area
1,380 SF
Lot
0.03 ac (1,307 SF)
Zoning code
B1 BUS
APN
SBER M:028 B:013
UPID
US42-0201436
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$245k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$245k
Owner & transaction history
Zoning & alternative use
B1 BUS · South Berwick, ME
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$245k
Value range
$221k – $270k
±10% around blend
Estimated value / SF
$178 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
70
Income certainty
100
$221k
blend $245k
$270k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,380 SF
Lot area
0.03 ac
Year built
1850
Stories
2
APN
SBER M:028 B:013
Zoning
B1 BUS
Assessed value
$286,700
Annual tax
$4,002
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$4,002
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$593k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.5 mi away · 1,046 SF
11.0 mi away · 1,512 SF
26.9 mi away · 1,632 SF
28.7 mi away · 1,402 SF
29.2 mi away · 1,474 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$245k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 134 sales
$277
-36%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $178/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Selected market yield
5.31%
Selected cap rate for this other commercial real estate
Derived from the South Berwick market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.31%
9.0%
NOI (est.)
$23k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$440k
Move the market yield to see immediate price impact.
Value / SF
$319
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.81%5.31%5.81%
$21k
$437k
$396k
$362k
$23k
$486k
$440k
$402k
$26k
$534k
$484k
$442k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$495k
6.0 mi · Nov 2025 · $452/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,002
Tax year 2023
Assessed value
$286,700
Assessed 2023
Previous assessed
$240,800
+19.1% YoY
Effective rate
1.40%
On assessed value
Assessed land
$76,000
Assessed improvement
$210,700
Applied tax rate
70,030.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1850
Construction
CONCRETE
Heating
HOT WATER
Buildings
1
Stories
2
Rooms
2
Bathrooms
1
Total area
1,380 SF
Lot
0.03 ac (1,307 SF)
Zoning code
B1 BUS
APN
SBER M:028 B:013
UPID
US42-0201436
Jurisdiction
SOUTH BERWICK
Zoning & alternative use
B1 BUS · South Berwick, MEZoning B1 BUS · permitted uses
B1 BUS · South Berwick, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1850
Construction
CONCRETE
Heating
HOT WATER
Stories
2
Buildings
1
Rooms
2
Bathrooms
1
Lot
0.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B1 BUS
Jurisdiction
South Berwick, ME
Recorded code
B1 BUS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B1 BUS in South Berwick, ME.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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