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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Office buildings
31 Ct St, Auburn, ME 04210-5975
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US42-0020547
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,746 SF
Lot
0.61 ac (26,572 SF)
APN
AUBN M:241 L:014
UPID
US42-0020547
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
-
United Insurance Insurance Agency
-
Downeast Private Wealth Financial Advisor
-
Norway Savings Bank Bank
-
Chasse & Company Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.23M
Owner & transaction history
Unit 3 LLC · 9 yrs held
Unit 3 LLC
since 2016
7 recorded transactions
Zoning & alternative use
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,210,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$69 / 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
Applied tax rate
2,060.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
4
Total area
17,746 SF
Lot
0.61 ac (26,572 SF)
APN
AUBN M:241 L:014
UPID
US42-0020547
Jurisdiction
AUBURN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Unit 3 LLC
Entity
Mailing address
PO BOX 347, NORWAY, ME 04268-0347
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
—
Unit 4 LLC
—
Deed
related
$210,000 · Mechanics Savings Bank
Dec 23, 2016
—
Unit 3 LLC
Cross Realty LLC
Quitclaim Deed
related
$500,000
Jan 22, 2015
—
Unit 4 LLC
Court Street Property LLC
Quit Claim Deed
related
$665,000 · Mechanics S&l Fsa
Sep 5, 2013
—
Sb Norway
Court Street Property LLC
Quit Claim Deed
related
—
Feb 22, 2013
—
Court Street Prop LLC
—
Deed Of Trust
related
$230,000 · Norway Savings Bank
Dec 28, 2012
—
Court Street Prop LLC
—
Deed Of Trust
related
$985,000 · Norway Savings Bank
Nov 13, 2012
—
Norway Savings Bank
Court Street Prop LLC
Grant Deed
related
—
Nov 7, 2012
—
Court Street Props LLC
—
Deed Of Trust
related
$1 · Camden National Bank
Mar 28, 2012
—
Court Street Props LLC
31 Court Street Assoc LLC
Grant Deed
related
—
May 23, 2011
—
31 Court Street Assoc LLC
Auburn City Of
Grant Deed
related
—
Mar 18, 2011
—
31 Court Street Assoc LLC
—
Deed Of Trust
related
$1,920,000 · Camden National Bank
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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