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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Warehouses
3 Ledgeview Dr Westbrook, ME 04092-3939
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US42-0228901
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,850 SF
Lot
7.91 ac (344,560 SF)
Zoning code
19
APN
WSBR M:002 L:103
UPID
US42-0228901
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
-
Schlotterbeck & Foss Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.10M
Owner & transaction history
Maquoit Bay LLC · 8 yrs held
Maquoit Bay LLC
since 2017
7 recorded transactions
Zoning & alternative use
19 · Westbrook, 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 Westbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbrook 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
by Request
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,315,000
Current use
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10%
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
$27 / 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
$46,475
Tax year 2023
Assessed value
$2,786,300
Assessed 2023
Previous assessed
$2,786,300
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$737,200
Assessed improvement
$2,049,100
Applied tax rate
82,105.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SOLAR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
39,850 SF
Lot
7.91 ac (344,560 SF)
Zoning code
19
APN
WSBR M:002 L:103
UPID
US42-0228901
Jurisdiction
WESTBROOK
Zoning & alternative use
19 · Westbrook, ME
Zoning 19 · permitted uses
19 · Westbrook, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westbrook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SOLAR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
7.91 ac
Current owner
From public records · entity-resolved
Maquoit Bay LLC
Entity
Mailing address
3 LEDGEVIEW DR, WESTBROOK, ME 04092-3939
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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 4, 2020
—
Schlotterbeck & Foss LLC
—
Deed
related
$58,500,000 · Nxt Cap
May 1, 2020
—
Schlotterbeck & Foss LLC
—
Deed
related
$58,500,000 · Nxt Cap
Sep 11, 2019
—
Schlotterbeck & Foss LLC
—
Grant Deed
related
$33,533,000 · Abacus Fin'l
Aug 25, 2017
—
Maquoit Bay LLC
Whitney,rosemary F
Warranty Deed
related
—
Aug 24, 2017
—
Schlotterbeck & Foss LLC
Maquoit Bay LLC
Quit Claim Deed
—
Oct 10, 2014
—
Maquoit Bay LLC
—
Grant Deed
related
$540,000 · Td Bk NA
Dec 27, 2013
—
Maquoit Bay LLC
Pet Quarters Of Me INC
Quit Claim Deed
related
$2,500,000 · Td Bank NA
—
—
Schlotterbeck & Foss LLC
—
Deed Of Trust
related
$58,500,000 · Nxt Cap
—
—
Schlotterbeck & Foss LLC
—
Deed Of Trust
related
$58,500,000 · Nxt Cap
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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