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Property profile & analytics
OFF-MARKET
Office buildings
535 Shr Rd Cape Elizabeth, ME 04107-1010
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0453814
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
3,764 SF
Lot
0.07 ac (3,049 SF)
Zoning code
BA
APN
CAPE U01010000000
UPID
US42-0453814
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Christopher B Mirns · 18 yrs held
Christopher B Mirns
since 2008
2 recorded transactions
Zoning & alternative use
BA · Cape Elizabeth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of Business A District is comprised of neighborhood business districts in which the business uses are geared to the needs of nearby residents rather than a large scale, regional destination center
Zone name
Business District A
General category
COMMERCIAL
Zone area
17.49 ac
Source
Realmo
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 Cape Elizabeth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape Elizabeth 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,347
Tax year 2023
Assessed value
$418,400
Assessed 2023
Previous assessed
$418,400
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$292,700
Assessed improvement
$125,700
Applied tax rate
10,180.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
HOT WATER
Stories
2
Total area
3,764 SF
Lot
0.07 ac (3,049 SF)
Zoning code
BA
APN
CAPE U01010000000
UPID
US42-0453814
Jurisdiction
CAPE ELIZABETH
Zoning & alternative use
BA · Cape Elizabeth, MEZoning BA · permitted uses
BA · Cape Elizabeth, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of Business A District is comprised of neighborhood business districts in which the business uses are geared to the needs of nearby residents rather than a large scale, regional destination center
Zone name
Business District A
General category
COMMERCIAL
Zone area
17.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Heating
HOT WATER
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Christopher B Mirns
Individual
Mailing address
531 COTTAGE RD, SOUTH PORTLAND, ME 04106-5037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Jan 16, 2008
—
Christopher B Mirns
—
Deed Of Trust
related
$20,000 · Mechanics Savings Bank
Mar 14, 2006
—
Jeremiah W Mims
—
Deed Of Trust
related
$275,000 · Mortgage Mechanics Sb
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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