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Property profile & analytics
OFF-MARKET
Estimated value
$6,190,000
Showrooms
300 Brg St Westbrook, ME 04092-3181
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0408526
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1991
Construction
FRAME
Total area
83,943 SF
Lot
98.39 ac (4,285,868 SF)
Zoning code
21
APN
WSBR M:012 L:010
UPID
US42-0408526
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
-
Millbrook Estates Apartment Building Condominium Complex
-
Sebago to the Sea Trail Section 4a Hiking Area
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$6.19M
Owner & transaction history
Millbrook Estates 1 LP · 4 yrs held
Millbrook Estates 1 LP
since 2022
Last sale
$5.8M
1 recorded transaction
Zoning & alternative use
21 · 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
$6,675,000
ML approach
$6,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.19M
Range $5.57M – $6.81M · ±10% · vs last sale $5.77M (May 25 2022)
Last sale anchor
$5.77M
May 25 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
$74 / 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
$97,219
Tax year 2023
Assessed value
$5,828,500
Assessed 2023
Previous assessed
$7,206,000
-19.1% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,734,200
Assessed improvement
$4,094,300
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
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
SOLAR
Cooling
YES
Buildings
1
Stories
3
Units
99
Total area
83,943 SF
Lot
98.39 ac (4,285,868 SF)
Zoning code
21
APN
WSBR M:012 L:010
UPID
US42-0408526
Jurisdiction
WESTBROOK
Zoning & alternative use
21 · Westbrook, MEZoning 21 · permitted uses
21 · Westbrook, 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
1991
Construction
FRAME
Heating
SOLAR
Cooling
Yes
Stories
3
Buildings
1
Units
99
Lot
98.39 ac
Current owner
From public records · entity-resolved
Millbrook Estates 1 LP
Entity
Mailing address
300 E BRG ST, WESTBROOK, ME 04092-3181
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
$5,770,000
Millbrook Estates 1 LP
East Bridge St Assoc LP
Quit Claim Arm's Length For Ne States
$28,364,938 · Maine State Housing Authority
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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