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Property profile & analytics
OFF-MARKET
Turn key restaurants
289 Cmn Rd Union, ME 04862-4449
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US42-0876871
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1835
Construction
BRICK
Total area
1,745 SF
Lot
1.25 ac (54,450 SF)
Zoning code
RB
APN
UNNN M:024 L:014
UPID
US42-0876871
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
-
Sterlingtown Public House Restaurant
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
Badgrees LLC · 11 yrs held
Badgrees LLC
since 2015
7 recorded transactions
Zoning & alternative use
RB · Union, 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 Union submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union 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
$4,810
Tax year 2023
Assessed value
$310,300
Assessed 2023
Previous assessed
$310,300
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$93,000
Assessed improvement
$217,300
Applied tax rate
78,115.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1835
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Rooms
3
Bathrooms
3
Total area
1,745 SF
Lot
1.25 ac (54,450 SF)
Zoning code
RB
APN
UNNN M:024 L:014
UPID
US42-0876871
Jurisdiction
UNION
Zoning & alternative use
RB · Union, MEZoning RB · permitted uses
RB · Union, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1835
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Rooms
3
Bathrooms
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
Badgrees LLC
Entity
Mailing address
PO BOX 485, UNION, ME 04862-0485
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
—
Berkley Investments LLC
—
Deed
related
$334,945 · 1st National Bank
Dec 23, 2021
—
Berkley Invs LLC
—
Deed
related
$28,400 · 1st National Bank
Mar 15, 2019
—
Berkley Investments LLC
—
Deed
related
$240,000 · First Nat'l Bk
Jun 19, 2015
—
Badgrees LLC
Badger Group INC
Intrafamily Transfer
related
$171,717 · Bangor Savings Bank
Oct 14, 2014
—
Badger Group INC
Bleecker Street Rlty LLC
Warranty Deed
related
$175,000 · Bangor Svgs Bk
Mar 1, 2007
—
Mark A Hannibal
—
Deed Of Trust
related
$140,000 · Damriscotta Bank & Trust Co
Apr 10, 2006
—
Mark A Hannibal
—
Deed Of Trust
related
$15,000 · Damriscotta Bank & Trust Co
Aug 26, 2005
—
Mark A Hannibal
—
Deed Of Trust
related
$13,000 · Damriscotta Bank & Trust Co
—
—
Berkley Investments LLC
—
Deed Of Trust
related
$240,000 · First Nat'l Bk
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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