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Property profile & analytics
OFF-MARKET
Industrial properties
32 Merrithew Dr Casco, ME 04015-3553
Entity Owned
16-yr Hold
Free & Clear
Property ID
US42-0172463
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2012
Lot
4.28 ac (186,437 SF)
Zoning code
10
APN
CASC M:0002 L:0018 U:2
UPID
US42-0172463
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
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
Mgm Builders INC · 16 yrs held
Mgm Builders INC
since 2009
5 recorded transactions
Zoning & alternative use
10 · Casco, 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 Casco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Casco 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
$5,681
Tax year 2023
Assessed value
$356,200
Assessed 2023
Previous assessed
$356,200
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$34,500
Assessed improvement
$321,700
Applied tax rate
11,125.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
2
Units
1
Lot
4.28 ac (186,437 SF)
Zoning code
10
APN
CASC M:0002 L:0018 U:2
UPID
US42-0172463
Jurisdiction
CASCO
Zoning & alternative use
10 · Casco, MEZoning 10 · permitted uses
10 · Casco, 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
2012
Heating
NONE
Buildings
2
Units
1
Lot
4.28 ac
Current owner
From public records · entity-resolved
Mgm Builders INC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 9TH 9, SOUTH CASCO, ME 04077-0009
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2020
—
Evergreen Electric INC
—
Deed
related
$600,000 · Martin Greco
Oct 26, 2009
—
Mgm Builders INC
Mgm Excavating INC
Warranty Deed
related
—
Sep 20, 2007
—
Dpc LLC
Mgm Excavating INC
Warranty Deed
$320,000 · Androscoggin Bank
Aug 30, 2007
—
Mgm Builders INC
Mgm Excavating INC
Warranty Deed
related
—
—
—
Evergreen Electric INC
—
Deed Of Trust
related
$600,000 · Martin Greco
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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