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Property profile & analytics
OFF-MARKET
Commercial real estate
390 Us Rte 1st 10 Falmouth, ME 04105-1395
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US42-0266098
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2008
Construction
FRAME
Total area
2,376 SF
Lot
0.54 ac (23,522 SF)
Zoning code
BP
APN
FMTH M:U62 B:003 L:210
UPID
US42-0266098
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
Louwanda LLC · 9 yrs held
Louwanda LLC
since 2017
3 recorded transactions
Zoning & alternative use
BP · Falmouth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zoning district is intended to include business and professional offices, art and craft studios, tradesman's offices, restaurant, restaurant, carry-out, museums, bed and breakfast establishments, single family detached dwellings, two familydwellings, residential planned developments
Zone name
Business And Professional
General category
PLANNED_DEVELOPMENT
Zone area
455.35 ac
Source
Realmo
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 Falmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falmouth 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
$5,581
Tax year 2023
Assessed value
$441,500
Assessed 2023
Previous assessed
$441,500
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$91,200
Assessed improvement
$350,300
Applied tax rate
24,495.0000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
2,376 SF
Lot
0.54 ac (23,522 SF)
Zoning code
BP
APN
FMTH M:U62 B:003 L:210
UPID
US42-0266098
Jurisdiction
FALMOUTH
Zoning & alternative use
BP · Falmouth, MEZoning BP · permitted uses
BP · Falmouth, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zoning district is intended to include business and professional offices, art and craft studios, tradesman's offices, restaurant, restaurant, carry-out, museums, bed and breakfast establishments, single family detached dwellings, two familydwellings, residential planned developments
Zone name
Business And Professional
General category
PLANNED_DEVELOPMENT
Zone area
455.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Louwanda LLC
Entity
Mailing address
390 US RTE 1ST UNIT #10, FALMOUTH, ME 04105-1395
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
May 31, 2017
—
Louwanda LLC
390 Route One LLC
Warranty Deed
$467,500 · Norway Svgs Bk
Oct 29, 2013
—
390 Route 1 LLC
—
Deed Of Trust
related
$14,000 · Norway Savings Bank
Nov 6, 2012
—
Prostar Ent INC
390 Route One LLC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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