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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Turn key restaurants
337 High St Ellsworth, ME 04605-2567
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0847232
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Total area
6,010 SF
Lot
2.69 ac (117,176 SF)
Zoning code
CDD
APN
ELLH M:016 B:022 L:000 U:000
UPID
US42-0847232
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
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Opus One LLC · 2 yrs held
Opus One LLC
since 2024
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
CDD · Ellsworth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$930,000
+75.8%
Commercial (general)
$795,000
+51.1%
Auto repair, garage
$730,000
+38.6%
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 Ellsworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellsworth 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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$930,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$795,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Jun 18 2024)
Last sale anchor
$1.00M
Jun 18 2024
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
$166 / 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
$5,767
Tax year 2023
Assessed value
$333,375
Assessed 2023
Previous assessed
$333,375
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$329,175
Assessed improvement
$4,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1972
Total area
6,010 SF
Lot
2.69 ac (117,176 SF)
Zoning code
CDD
APN
ELLH M:016 B:022 L:000 U:000
UPID
US42-0847232
Jurisdiction
ELLSWORTH
Zoning & alternative use
CDD · Ellsworth, MEZoning CDD · permitted uses
CDD · Ellsworth, ME
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
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RETAIL STORES
Est. value
$670,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1972
Lot
2.69 ac
Current owner
From public records · entity-resolved
Opus One LLC
Entity
Mailing address
337 PO BOX 1526TH ST, ELLSWORTH, ME 04605-5026
Ownership since
2024
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
Jun 18, 2024
$1,000,000
Opus One LLC
Ellsworth Partners LLC
Quit Claim Arm's Length For Ne States
$875,000 · 1st National Bank
Jun 1, 2022
—
Ellsworth Partners LLC
Jojo LLC
Quit Claim Deed
related
$600,000 · First National Bank
Feb 17, 2021
—
Jojos LLC
Hong Fong Fat LLC
Quit Claim Deed
related
—
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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