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Property profile & analytics
OFF-MARKET
Estimated value
$8,015,000
Industrial properties
48 Spiller Dr Westbrook, ME 04092-2077
Entity Owned
~
Est. High Equity
Property ID
US42-0349797
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Construction
STEEL FRAME
Total area
86,000 SF
Lot
7.17 ac (312,325 SF)
Zoning code
22
APN
WSBR M:004 L:306
UPID
US42-0349797
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
-
SIGCO Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.47M
Comparable Approach
Comparable
$8.09M
Blend (final)
Blend
$8.02M
Owner & transaction history
Nrti Spiller Dr LLC
Nrti Spiller Dr LLC
since 2025
7 recorded transactions
Zoning & alternative use
22 · Westbrook, 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 Westbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbrook 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%
$9,170,000
6.5%
$8,465,000
7%
$7,860,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,880,000
Current use
Blend value · Realmo final
$8.02M
Range $7.21M – $8.82M · ±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
$93 / 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
$141,957
Tax year 2023
Assessed value
$8,510,600
Assessed 2023
Previous assessed
$8,510,600
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,064,100
Assessed improvement
$7,446,500
Applied tax rate
82,105.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
2
Stories
1
Units
1
Total area
86,000 SF
Lot
7.17 ac (312,325 SF)
Zoning code
22
APN
WSBR M:004 L:306
UPID
US42-0349797
Jurisdiction
WESTBROOK
Zoning & alternative use
22 · Westbrook, ME
Zoning 22 · permitted uses
22 · Westbrook, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westbrook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.9M
INDUSTRIAL (GENERAL) 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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
2
Units
1
Lot
7.17 ac
Current owner
From public records · entity-resolved
Nrti Spiller Dr LLC
Entity
Mailing address
PO BOX 4894, PORTLAND, ME 04112-4894
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
Jul 30, 2025
$13,000,000
Nrti Spiller Dr LLC
Spiller Dr LLC
Deed
—
Jan 17, 2019
—
Sapiller Drive LLC
—
Grant Deed
related
$8,000,000 · Bank Of Nh
Jun 2, 2016
—
Lake Creek Properties LLC
—
Deed
related
$600,000 · Bank Of America
Sep 15, 2014
—
Lake Creek Properties LLC
—
Grant Deed
related
$2,491,093 · Bank Of America
Dec 22, 2011
—
Lake Creek Props LLC
—
Deed Of Trust
related
$1,300,000 · Norway Savings Bank
Oct 25, 2010
—
Lake Creek Props LLC
—
Deed Of Trust
related
$2,750,000 · Norway Savings Bank
—
—
Lake Creek Properties LLC
—
Deed Of Trust
related
$600,000 · Bank Of America
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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