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    Property profile & analytics

    288 Riv St Springvale, ME 04083-1219

    • Commercial real estate
    • 8,496 SF
    • 7.30 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US42-0274454
    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

    • Commercial real estate

    Property Details for 288 Riv St

    Year built
    1900
    Lot size
    7.30 lot acres
    Property size
    8,496 SF
    Zone code
    IB
    Property type
    Commercial real estate
    APN
    SANF M:0I20 B:2
    APU
    SANFM0I20B2

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $395,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $445,000
      Mixed-Use
      $390,000
      Hospitality
      $390,000
      Educational
      $360,000
      Residential Income
      $380,000
      Energy
      $350,000
      Income-Based Land
      $330,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    Springvale
    County
    York
    State
    Maine
    Longitude
    -70.7834
    Latitude
    43.4606
    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
    $6,273
    $181,500
    $232,800
    $414,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      15 Oak St

      COMMERCIAL (GENERAL) • 20,000 SF
      15 Oak St, Springvale, ME 04083-1926
      View Details
    • Value Estimation
      $330,000
      1,456 SF

      600 Main St

      COMMERCIAL (GENERAL) • 1,456 SF
      600 Main St, Springvale, ME 04083-1600
      View Details
    • Value Estimation
      $350,000
      8,196 SF

      3 Coleco Ln

      COMMERCIAL (GENERAL) • 8,196 SF
      3 Coleco Ln, Springvale, ME 04083-1203
      View Details
    • Value Estimation
      $695,000
      23,080 SF

      51 Main St

      COMMERCIAL (GENERAL) • 23,080 SF
      51 Main St, Springvale, ME 04083-1843
      View Details
    • Value Estimation by Request
      5,510 SF

      20 Coleco Ln

      COMMERCIAL (GENERAL) • 5,510 SF
      20 Coleco Ln, Springvale, ME 04083-1203
      View Details
    • Value Estimation
      $195,000
      2,480 SF

      139 Pleasant St

      COMMERCIAL (GENERAL) • 2,480 SF
      139 Pleasant St, Springvale, ME 04083-1204
      View Details

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    • New
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      Turnkey Two-Unit Investment Opportunity

      Renovated two-unit property in Springvale with strong rental income.
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    288 Riv St
    Springvale, ME 04083-1219
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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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