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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
326 Main St Cumberland, ME 04021-3904
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0093126
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
FRAME
Total area
3,120 SF
Lot
0.39 ac (16,988 SF)
Zoning code
TCD
APN
CMBL M:U13-A L:12
UPID
US42-0093126
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
-
Maine Orthodontics: Stegemann Thomas A DDS Dental Office
-
Cumberland Dental Arts Dental Office
-
Ronald C. Davis D.D.S. Dental Office
-
Russell J. Rybka, DPM Physician
-
Maine Orthodontics: Razzaghi Setareh DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$505k
Owner & transaction history
Cumberland Modbl LLC · 4 yrs held
Cumberland Modbl LLC
since 2021
3 recorded transactions
Zoning & alternative use
TCD · Cumberland, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Town Center District (TCD). § 315-5 Zoning Map; division of Town into districts. [Amended 9-10-2012 ; 4-14-2014 ; 2-11-2016 ; 4-11-2016 ; 7-24-2017 ; 11-22-2017 ] The Zoning Map officially titled "Cumberland Zoning Map" dated June 13, 1984, and amended on June 12, 1985, February 9, 1987, May 15, 1989, December 28, 1989, March 11, 1991, December 10, 1991, Jan…
Zone name
Town Center District
General category
COMMERCIAL
Zone area
30.24 ac
Top alternative use upside
Commercial (general)
$705,000
+16.6%
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Current use
COMMERCIAL (GENERAL)
$705,000
Change: +17% · Conversion: Easy
RETAIL STORES
$590,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$162 / 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
$9,808
Tax year 2023
Assessed value
$442,800
Assessed 2023
Previous assessed
$442,800
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$105,600
Assessed improvement
$337,200
Applied tax rate
15,430.0000
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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
3,120 SF
Lot
0.39 ac (16,988 SF)
Zoning code
TCD
APN
CMBL M:U13-A L:12
UPID
US42-0093126
Jurisdiction
CUMBERLAND
Zoning & alternative use
TCD · Cumberland, MEZoning TCD · permitted uses
TCD · Cumberland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Town Center District (TCD). § 315-5 Zoning Map; division of Town into districts. [Amended 9-10-2012 ; 4-14-2014 ; 2-11-2016 ; 4-11-2016 ; 7-24-2017 ; 11-22-2017 ] The Zoning Map officially titled "Cumberland Zoning Map" dated June 13, 1984, and amended on June 12, 1985, February 9, 1987, May 15, 1989, December 28, 1989, March 11, 1991, December 10, 1991, January 25, 1999, July 10, 2000, and October 22, 2007, and on file in the office of the Town Clerk and filed with the Cumberland County Registry of Deeds, is hereby adopted as part of this chapter. Regardless of the existence of other printed copies of the Zoning Map, said Zoning Map on file and as officially adopted by the Cumberland Town Council shall be the final authority as to the location of zoning districts in the Town; provided, however, that notwithstanding said Zoning Map, the entire surface area of Basket Island is contained within the Resource Protection District. The Town of Cumberland Zoning Map divides the Town into the following districts: Rural Residential District 1 RR1 Rural Residential District 2 RR2
Zone name
Town Center District
General category
COMMERCIAL
Zone area
30.24 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RETAIL STORES
Est. value
$590,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Cumberland Modbl LLC
Entity
Mailing address
77 SS ST, GORHAM, ME 04038-1715
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
—
Cumberland Modbl LLC
Ronald C Davis
Quit Claim Deed
related
$490,400 · Td Bank NA
Oct 14, 2016
—
Ronald C Davis
—
Deed
related
$382,500 · Norway Svgs Bk
—
—
Ronald C Davis
—
Deed Of Trust
related
$382,500 · Norway Svgs 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.
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