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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
281 York St York, ME 03909-1022
Individually Owned
4-yr Hold
Free & Clear
Property ID
US42-0235850
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
1,743 SF
Lot
0.17 ac (7,405 SF)
Zoning code
G3
APN
YORK M:0050 B:0015
UPID
US42-0235850
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
$550k
CAP Approach
CAP
$335k
Comparable Approach
Comparable
$493k
Blend (final)
Blend
$640k
Owner & transaction history
Susan A Hoag · 4 yrs held
Susan A Hoag
since 2022
Last sale
$499,900
5 recorded transactions
Zoning & alternative use
G3 · York, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$485,000
+0.2%
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 York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs York 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
$640,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$360,000
6.5%
$335,000
7%
$310,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$485,000
Current use
RETAIL STORES
$485,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $500k (Apr 29 2022)
Last sale anchor
$500k
Apr 29 2022
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
$367 / 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
$3,627
Tax year 2023
Assessed value
$429,200
Assessed 2023
Previous assessed
$428,800
+0.1% YoY
Effective rate
0.85%
On assessed value
Assessed land
$271,800
Assessed improvement
$157,400
Applied tax rate
87,985.0000
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
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
8
Total area
1,743 SF
Lot
0.17 ac (7,405 SF)
Zoning code
G3
APN
YORK M:0050 B:0015
UPID
US42-0235850
Jurisdiction
YORK
Zoning & alternative use
G3 · York, MEZoning G3 · permitted uses
G3 · York, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$485,000
RETAIL STORES
Est. value
$485,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
Susan A Hoag
Individual
Free & Clear · 4 yrs held
Mailing address
281 YORK ST, YORK, ME 03909-1022
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
$499,900
Susan A Hoag
Quamphegan Realty Corp
Warranty Deed
—
Jun 8, 2020
—
Quamphegan Realty Corp
—
Deed
related
$200,000 · Kennebunk Savings Bank
Dec 18, 2014
—
Quamphegan Realty Corp
Ilwt LLC
Warranty Deed
$220,000 · Kennebunk Svgs Bk
Jan 17, 2014
—
Francis X Reilly 3rd
Ilwt LLC
Quit Claim Deed
related
—
Nov 12, 2009
—
Eileen K Roberts Ret
Roberts,eileen K
Grant Deed
related
—
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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