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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Manufacturing properties
428 Harold L Dow Hwy Eliot, ME 03903-1440
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0359022
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
FRAME
Total area
21,600 SF
Lot
5.1 ac (222,156 SF)
Zoning code
C/I
APN
ELIO M:45 B:11 L:
UPID
US42-0359022
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
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.49M
Owner & transaction history
J&p Properties INC · 3 yrs held
J&p Properties INC
since 2022
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
C/I · Eliot, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+32.7%
Auto repair, garage
$2.2M
+29.0%
Commercial (general)
$2.2M
+27.4%
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 Eliot submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eliot 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
$1,660,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,705,000
Current use
RETAIL STORES
$2,260,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,195,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,170,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.30M (Aug 3 2022)
Last sale anchor
$1.30M
Aug 3 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
$69 / 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
$15,963
Tax year 2023
Assessed value
$1,303,100
Assessed 2023
Previous assessed
$1,303,100
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$334,100
Assessed improvement
$969,000
Applied tax rate
22,955.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Rooms
14
Total area
21,600 SF
Lot
5.1 ac (222,156 SF)
Zoning code
C/I
APN
ELIO M:45 B:11 L:
UPID
US42-0359022
Jurisdiction
ELIOT
Zoning & alternative use
C/I · Eliot, ME
Zoning C/I · permitted uses
C/I · Eliot, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eliot. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1985
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Rooms
14
Lot
5.1 ac
Current owner
From public records · entity-resolved
J&p Properties INC
Entity
Mailing address
428 HAROLD L DOW HWY, ELIOT, ME 03903-1440
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
$1,300,000
J&p Properties INC
Dana Tobey LLC
Warranty Deed
$1,400,000 · Kennebunk Savings Bank
Jan 9, 2009
—
Dana Tobey LLC
—
Deed Of Trust
related
$500,000 · Kennebunk Savings Bank
Sep 22, 2008
—
Dana Tobey LLC
Tobey,dana
Warranty Deed
related
—
Jun 8, 2006
—
Dana A Tobey
—
Deed Of Trust
related
$942,000 · Lorrarine E Lindstedt
Feb 3, 2006
—
Dana A Tobey
—
Deed Of Trust
related
$250,000 · Kennebunk Savings Bank
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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