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Property profile & analytics
OFF-MARKET
Commercial real estate
285 Farmington Fls Rd Farmington, ME 04938-6418
Individually Owned
4-yr Hold
Free & Clear
Property ID
US42-0156106
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Construction
CONCRETE
Total area
1,569 SF
Lot
0.43 ac (18,731 SF)
Zoning code
RB
APN
FARN M:U06 L:021-A
UPID
US42-0156106
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Downes Ft · 4 yrs held
Downes Ft
since 2022
2 recorded transactions
Zoning & alternative use
RB · Farmington, ME
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,314
Tax year 2023
Assessed value
$116,200
Assessed 2023
Previous assessed
$116,200
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$55,600
Assessed improvement
$60,600
Applied tax rate
24,775.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
HOT WATER
Buildings
1
Stories
1
Bathrooms
2
Total area
1,569 SF
Lot
0.43 ac (18,731 SF)
Zoning code
RB
APN
FARN M:U06 L:021-A
UPID
US42-0156106
Jurisdiction
FARMINGTON
Zoning & alternative use
RB · Farmington, MEZoning RB · permitted uses
RB · Farmington, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Amended – 03
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
HOT WATER
Stories
1
Buildings
1
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Downes Ft
Individual
Free & Clear · 4 yrs held
Mailing address
194 CASCADE LEISURE PARK RD, FARMINGTON, ME 04938-6740
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Downes Ft
Olga Downes
Warranty Deed
—
May 31, 2005
—
Olga Downes
Mount Blue Motors INC
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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