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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Super regional malls
456 Payne Rd Scarborough, ME 04074-8200
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US42-0466308
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
37,169 SF
Lot
4 ac (174,240 SF)
Zoning code
22
APN
SCAR M:R037 L:006
UPID
US42-0466308
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
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Borough Barber Shop Barber Shop
-
Us Nails Nail Salon
-
Beltone Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
-
BELTONE HEARING CENTERS Hearing Aid Store Hearing Aid Repair Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.07M
Owner & transaction history
Pende Associates INC · 7 yrs held
Pende Associates INC
since 2019
7 recorded transactions
Zoning & alternative use
22 · Scarborough, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Scarborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scarborough 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
by Request
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,020,000
Current use
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10%
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
$29 / 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
$63,537
Tax year 2023
Assessed value
$3,978,500
Assessed 2023
Previous assessed
$3,978,500
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,707,800
Assessed improvement
$2,270,700
Applied tax rate
66,145.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
13
Total area
37,169 SF
Lot
4 ac (174,240 SF)
Zoning code
22
APN
SCAR M:R037 L:006
UPID
US42-0466308
Jurisdiction
SCARBOROUGH
Zoning & alternative use
22 · Scarborough, ME
Zoning 22 · permitted uses
22 · Scarborough, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scarborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
13
Lot
4 ac
Current owner
From public records · entity-resolved
Pende Associates INC
Entity
Mailing address
PO BOX 1139, YARMOUTH, ME 04096-2139
Ownership since
2019
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
Jul 1, 2019
—
Pende Associates INC
—
Deed
related
$496,289 · Bath Svgs Institution
Sep 27, 2018
—
Pende Assoc INC
—
Deed
related
$100,000 · Bath Savings
Apr 3, 2018
—
Pende Associates INC
—
Deed
related
$6,000,000 · Bath Savings
Jul 27, 2009
—
Pende Associates INC
—
Deed Of Trust
related
$250,000 · City Of Portland (me)
Jul 1, 2008
—
Pende Associates INC
—
Deed Of Trust
related
$1,850,000 · City Of Portland (me)
—
—
Pende Associates INC
—
Deed Of Trust
related
$362,000 · Bath Svgs Institution
—
—
Pende Associates INC
—
Deed Of Trust
related
$496,289 · Bath Svgs Institution
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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