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Property profile & analytics
OFF-MARKET
Estimated value
$13,400,000
Super regional malls
400 Maine Mall Rd, South Portland, ME 04106
Entity Owned
2-yr Hold
Free & Clear
Property ID
US42-0091656
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1969
Construction
STEEL FRAME
Total area
87,792 SF
Lot
11.44 ac (498,326 SF)
Zoning code
MM
APN
SPOR M:074-B L:002
UPID
US42-0091656
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
$13.40M
CAP Approach
CAP
$15.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.40M
Owner & transaction history
Dicks Sportings Goods INC · 2 yrs held
Dicks Sportings Goods INC
since 2024
Last sale
$13.4M
4 recorded transactions
Zoning & alternative use
MM · South Portland, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.5M
+419.9%
Commercial (general)
$10.7M
+343.0%
Office building
$9.6M
+299.7%
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 South Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Portland 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
$13,400,000
ML approach
$13,400,000
CAP Approach
CAP Return
Estimation
6%
$16,395,000
6.5%
$15,135,000
7%
$14,055,000
Alternative Use
Use
Estimation
RESTAURANT
$12,545,000
Change: +420% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,690,000
Change: +343% · Conversion: Easy
OFFICE BUILDING
$9,645,000
Change: +300% · Conversion: Moderate
Blend value · Realmo final
$13.40M
Range $12.06M – $14.74M · ±10% · vs last sale $13.40M (Apr 3 2024)
Last sale anchor
$13.40M
Apr 3 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
$153 / 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
$119,633
Tax year 2023
Assessed value
$8,460,600
Assessed 2023
Previous assessed
$8,460,600
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$7,338,900
Assessed improvement
$1,121,700
Applied tax rate
71,990.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
87,792 SF
Lot
11.44 ac (498,326 SF)
Zoning code
MM
APN
SPOR M:074-B L:002
UPID
US42-0091656
Jurisdiction
SOUTH PORTLAND
Zoning & alternative use
MM · South Portland, ME
Zoning MM · permitted uses
MM · South Portland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$12.5M
COMMERCIAL (GENERAL)
Est. value
$10.7M
OFFICE BUILDING
Est. value
$9.6M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
11.44 ac
Current owner
From public records · entity-resolved
Dicks Sportings Goods INC
Entity
Free & Clear · 2 yrs held
Mailing address
400 MAINE MALL RD, SOUTH PORTLAND, ME 04106
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$13,400,000
Dicks Sportings Goods INC
Tf Southh Portland Me LLC
Quit Claim Arm's Length For Ne States
—
Dec 10, 2021
—
Tf South Portland Me LLC
—
Deed
related
$460,000,000 · Ubs Ag Stamford Branc
Apr 22, 2019
—
Tf South Portland Me LLC
—
Grant Deed
related
$800,000,000 · Hps Inv Ptrs LLC
Feb 25, 2019
—
Tf South Portland Me LLC
—
Grant Deed
related
$325,000,000 · Jpp LLC
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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