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Property profile & analytics
OFF-MARKET
Estimated value
$10,030,000
Office buildings
51 Us Rte 1st 1 Scarborough, ME 04074-7158
Individually Owned
15-yr Hold
Free & Clear
Property ID
US42-0288662
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
58,797 SF
Lot
7.45 ac (324,522 SF)
Zoning code
32
APN
SCAR M:R077 L:005
UPID
US42-0288662
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
by Request
CAP Approach
CAP
$13.82M
Comparable Approach
Comparable
$10.04M
Blend (final)
Blend
$10.03M
Owner & transaction history
Land T Nonesuch · 15 yrs held
Land T Nonesuch
since 2011
3 recorded transactions
Zoning & alternative use
32 · Scarborough, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.3M
+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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,965,000
6.5%
$13,815,000
7%
$12,825,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,385,000
Current use
COMMERCIAL (GENERAL)
$13,275,000
Change: +17% · Conversion: Easy
RETAIL STORES
$11,140,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$10.03M
Range $9.03M – $11.03M · ±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
$171 / 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
$106,394
Tax year 2023
Assessed value
$6,662,100
Assessed 2023
Previous assessed
$6,662,100
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,520,900
Assessed improvement
$5,141,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
19
Total area
58,797 SF
Lot
7.45 ac (324,522 SF)
Zoning code
32
APN
SCAR M:R077 L:005
UPID
US42-0288662
Jurisdiction
SCARBOROUGH
Zoning & alternative use
32 · Scarborough, ME
Zoning 32 · permitted uses
32 · 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
OFFICE BUILDING Current
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$13.3M
RETAIL STORES
Est. value
$11.1M
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
19
Lot
7.45 ac
Current owner
From public records · entity-resolved
Land T Nonesuch
Individual
Free & Clear · 15 yrs held
Mailing address
340 FORE ST, PORTLAND, ME 04101-5272
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2011
—
Land T Nonesuch
Central Maine Power Co
Grant Deed
related
—
Jan 14, 2011
—
Nonesuch River Plaza LLC
—
Deed Of Trust
related
$2,712,815 · Camden National Bank
—
—
Nonesuch River Plaza LLC
—
Loan Modification
related
$2,000,000 · Td Bk NA
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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