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Property profile & analytics
FOR SALE
Retail properties & Spaces
46 Ctr St, Brewer, ME 04412-2631
Entity Owned
~
Est. High Equity
Property ID
US42-0895668
For Sale
1 / 28
$800,000
46 Ctr St, Brewer, ME 04412-2631
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1900
Construction
FRAME
Total area
4,471 SF
Lot
1.81 ac (78,844 SF)
Zoning code
DD
APN
BRER M:30 L:108
UPID
US42-0895668
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
-
Brewer Nutrition Cafe & Coffee Shop
-
Maine Lifestyle Co. Clothing & Fashion Store
-
Caked Up Bakery Take-out & Catering
-
Maggie’s Charcuterie Take-out & Catering Catering Service
-
Orland Treasures Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$462k
Blend (final)
Blend
$610k
Owner & transaction history
Riverview Properties LLC
Riverview Properties LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
DD · Brewer, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$520,000
+3.0%
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 Brewer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brewer 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
by Request
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
RETAIL STORES
$505,000
Current use
COMMERCIAL (GENERAL)
$520,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $700k (May 20 2025)
Last sale anchor
$700k
May 20 2025
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
$136 / 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
$6,983
Tax year 2023
Assessed value
$347,400
Assessed 2023
Effective rate
2.01%
On assessed value
Assessed land
$32,800
Assessed improvement
$314,600
Applied tax rate
6,925.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
4
Rooms
12
Bathrooms
4
Total area
4,471 SF
Lot
1.81 ac (78,844 SF)
Zoning code
DD
APN
BRER M:30 L:108
UPID
US42-0895668
Jurisdiction
BREWER
Zoning & alternative use
DD · Brewer, ME
Zoning DD · permitted uses
DD · Brewer, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brewer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$520,000
RETAIL STORES Current
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
4
Rooms
12
Bathrooms
4
Lot
1.81 ac
Current owner
From public records · entity-resolved
Riverview Properties LLC
Entity
Mailing address
PO BOX 216, ORRINGTON, ME 04474-0216
Ownership since
2025
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
Aug 20, 2025
$700,000
Riverview Properties LLC
Chris Pepin Prop LLC
Warranty Deed
$840,000 · Machias Savings Bank
Jan 10, 2022
—
Pepin Chris Prop LLC
—
Deed
related
$310,500 · Acadia Federal Credit Union
Feb 19, 2021
—
Chris Pepin Prop LLC
Kathryn M Richardson
Warranty Deed
$216,000 · 1st National Bank
Jun 26, 2013
—
Kevin Santos
Common Sense Traders
Redemption Deed
related
—
Jan 23, 2012
—
Common Sense Traders
Brewer City Of
Grant Deed
related
—
Jul 8, 2005
—
Common Sense Traders
—
Deed Of Trust
related
$10,000 · Merrill Merchants Bank
Apr 22, 2005
—
Common Sense Traders
—
Deed Of Trust
related
$249,000 · Merrill Merchants 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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