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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Showrooms
537 Portland St Berwick, ME 03901
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0359369
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Construction
STEEL FRAME
Total area
5,500 SF
Lot
12.24 ac (533,174 SF)
Zoning code
RC/I
APN
BERW M:R072 B:7
UPID
US42-0359369
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
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
537 Portland Street LLC · 3 yrs held
537 Portland Street LLC
since 2023
2 recorded transactions
Zoning & alternative use
RC/I · Berwick, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide service drops, agriculture, forest management, individual private campsites, land management roads
Zone name
Rural Commercial Industrial
General category
INDUSTRIAL
Zone area
1,433.12 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 Berwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berwick 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%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$155 / 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
$10,199
Tax year 2023
Assessed value
$556,700
Assessed 2023
Previous assessed
$556,700
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$295,700
Assessed improvement
$261,000
Applied tax rate
4,720.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
5,500 SF
Lot
12.24 ac (533,174 SF)
Zoning code
RC/I
APN
BERW M:R072 B:7
UPID
US42-0359369
Jurisdiction
BERWICK
Zoning & alternative use
RC/I · Berwick, MEZoning RC/I · permitted uses
RC/I · Berwick, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zoning district is to provide service drops, agriculture, forest management, individual private campsites, land management roads
Zone name
Rural Commercial Industrial
General category
INDUSTRIAL
Zone area
1,433.12 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2021
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
12.24 ac
Current owner
From public records · entity-resolved
537 Portland Street LLC
Entity
Mailing address
PO BOX 141, BERWICK, ME 03901-0141
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
Feb 13, 2023
—
537 Portland Street LLC
Travis Doucette
Warranty Deed
—
Aug 23, 2019
—
Travis R Doucette
—
Deed
related
$483,000 · Stearns Bank 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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