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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Office buildings
350 Townsend Ave Boothbay Harbor, ME 04538-1801
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0037118
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1700
Total area
4,983 SF
Lot
3.1 ac (135,036 SF)
APN
BOOH M:030 L:035-A
UPID
US42-0037118
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
-
True North Events & Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$930k
Owner & transaction history
Pgc3 LLC · 4 yrs held
Pgc3 LLC
since 2022
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$570,000
+6.9%
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 Boothbay Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boothbay Harbor 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
$920,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$570,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $950k (Jan 5 2022)
Last sale anchor
$950k
Jan 5 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
$187 / 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
$8,807
Tax year 2023
Assessed value
$984,000
Assessed 2023
Previous assessed
$984,000
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$222,800
Assessed improvement
$761,200
Applied tax rate
6,120.0000
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
1700
Heating
NONE
Buildings
2
Total area
4,983 SF
Lot
3.1 ac (135,036 SF)
APN
BOOH M:030 L:035-A
UPID
US42-0037118
Jurisdiction
BOOTHBAY HARBOR
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
COMMERCIAL (GENERAL)
Est. value
$570,000
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
1700
Heating
NONE
Buildings
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
Pgc3 LLC
Entity
Mailing address
PO BOX 757, BOOTHBAY, ME 04537-0757
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
$950,000
Pgc3 LLC
Linekin Bay Holdings LLC
Quit Claim Arm's Length For Ne States
—
Dec 17, 2019
—
Linekin Bay Holdings LLC
—
Grant Deed
related
$5,256,260 · Bath Svgs Institution
Aug 31, 2018
—
Linekin Bay Holdings LLC
Midcoast Gateway LLC
Warranty Deed
related
—
Jun 10, 2016
—
Midcoast Gateway LLC
Larson Group INC
Warranty Deed
$480,000
Oct 31, 2013
—
Larson Group INC
—
Deed Of Trust
related
$75,000 · City Of Portland (me)
Jul 18, 2013
—
Larson Group INC
—
Deed Of Trust
related
$95,000 · City Of Portland (me)
Jul 24, 2012
—
Larson Group INC
—
Deed Of Trust
related
$105,000 · City Of Portland (me)
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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