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    Property profile & analytics

    4 Pit Rd Raymond, ME 04071

    • Retail properties
    • 3,504 SF
    • 1.39 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Last Sale
    Sep 25, 2023
    $275,000
    Location Intelligence
    Property ID
    US42-0206716
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Isalis / Boutique / Women'S Clothing Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Corporate Campus / Wholesaler
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 4 Pit Rd

    Year built
    1980
    Construction
    FRAME
    Lot size
    1.39 lot acres
    Property size
    3,504 SF
    Zone code
    VR1
    Property type
    Retail properties
    APN
    RYMD M:040 L:028 S:A00
    APU
    RYMDM040L028SA00

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $255,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $305,000
      Mixed-Use
      $225,000
      Hospitality
      $295,000
      Educational
      $290,000
      Residential Income
      $255,000
      Energy
      $240,000
      Income-Based Land
      $275,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Raymond
    County
    Cumberland
    State
    Maine
    Longitude
    -70.4696
    Latitude
    43.9065
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,951
    $30,600
    $92,100
    $122,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      1,884 SF

      8 Cpe Rd

      DEPARTMENT STORE • 1,884 SF
      8 Cpe Rd, Raymond, ME 04071-6759
      View Details
    • Value Estimation
      $360,000
      1,536 SF

      1207 Roosevelt Trl

      DEPARTMENT STORE • 1,536 SF
      1207 Roosevelt Trl, Raymond, ME 04071
      View Details
    • Value Estimation
      $370,000
      1,476 SF

      1205 Roosevelt Trl

      DEPARTMENT STORE • 1,476 SF
      1205 Roosevelt Trl, Raymond, ME 04071
      View Details
    • Value Estimation by Request
      1,320 SF

      200 Mdw Rd

      DEPARTMENT STORE • 1,320 SF
      200 Mdw Rd, Raymond, ME 04071-6459
      View Details
    • Value Estimation
      $330,000
      2,808 SF

      76 Main St

      DEPARTMENT STORE • 2,808 SF
      76 Main St, Raymond, ME 04071
      View Details
    • Value Estimation
      $345,000
      2,976 SF

      1317 Roosevelt Trl

      DEPARTMENT STORE • 2,976 SF
      1317 Roosevelt Trl, Raymond, ME 04071-6540
      View Details

    Similar Nearby for Sale

    • $799,000
      5,600 SF

      Iconic Commercial Building on Route 302

      Versatile 5,600 SF commercial space on high-traffic Route 302.
      1223 Roosevelt Trl, Raymond, ME 04071
      View Details
    • $95,000
      0.19 Acres

      Water Access Land in Raymond, ME

      0.19-acre lot with deeded water access to Panther Pond.
      105 Meadow Rd, Raymond, ME 04071
      View Details
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    4 Pit Rd
    Raymond, ME 04071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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