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Property profile & analytics
FOR LEASE
Office buildings
501 County Rd Westbrook, ME 04092
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0273405
For Lease
1 / 4
Contact for pricing
501 County Rd, Westbrook, ME 04092
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,864 SF
Lot
5.5 ac (239,580 SF)
Zoning code
19
APN
WSBR M:002 L:029-A
UPID
US42-0273405
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
-
SGC Engineering LLC Land Surveyor Professional Services
-
Lloyd's Register Business To Business Service
-
SBC Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.91M
Owner & transaction history
501 County Rd LLC · 2 yrs held
501 County Rd LLC
since 2023
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
19 · Westbrook, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+16.6%
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
$1,890,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,685,000
Current use
COMMERCIAL (GENERAL)
$3,130,000
Change: +17% · Conversion: Easy
RETAIL STORES
$2,625,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $1.95M (Dec 29 2023)
Last sale anchor
$1.95M
Dec 29 2023
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
$138 / 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
$30,049
Tax year 2023
Assessed value
$1,801,500
Assessed 2023
Previous assessed
$1,801,500
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$438,500
Assessed improvement
$1,363,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SOLAR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
13,864 SF
Lot
5.5 ac (239,580 SF)
Zoning code
19
APN
WSBR M:002 L:029-A
UPID
US42-0273405
Jurisdiction
WESTBROOK
Zoning & alternative use
19 · Westbrook, MEZoning 19 · permitted uses
19 · Westbrook, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SOLAR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
5.5 ac
Current owner
From public records · entity-resolved
501 County Rd LLC
Entity
Mailing address
501 COUNTY RD, WESTBROOK, ME 04092-1921
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$1,945,000
501 County Rd LLC
Sgc Engineering LLC
Quit Claim Arm's Length For Ne States
$1,000,000 · Td Bank NA
Dec 29, 2023
$300,000
Ledgeview Dr LLC
Sgc Engineering LLC
Quit Claim Arm's Length For Ne States
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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