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    Property profile & analytics

    587 Main St Gorham, ME 04038-2623

    • Showrooms
    • 6,220 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $930,000
    Last Sale
    Nov 02, 2022
    $850,000
    Location Intelligence
    Property ID
    US42-0265680
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Easy Equipment Sales & Service / Construction Equipment Supplier
    • Accurate Machine Made / Contractor

    Property Details for 587 Main St

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.65 lot acres
    Property size
    6,220 SF
    Zone code
    RC
    Property type
    Showrooms
    APN
    GRHM M:032 B:016 L:000
    APU
    GRHMM032B016L000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $985,000

    • CAP approach

      CAP return
      Estimation
      6%
      $830,000
      6.5%
      $860,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $860,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $700,000
      Mixed-Use
      $745,000
      Hospitality
      $835,000
      Educational
      $840,000
      Residential Income
      $885,000
      Energy
      $795,000
      Income-Based Land
      $890,000
      Food Service
      $810,000

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3998
    Latitude
    43.6902
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,301
    $239,100
    $437,300
    $676,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      163 State St

      SHOW ROOM, WAREHOUSE • 0.25 Acres
      163 State St, Gorham, ME 04038-1024
      View Details
    • Value Estimation by Request
      6,254 SF

      109 Main St

      SHOW ROOM, WAREHOUSE • 6,254 SF
      109 Main St, Gorham, ME 04038-1328
      View Details
    • Value Estimation by Request
      11,082 SF

      120 Main St

      SHOW ROOM, WAREHOUSE • 11,082 SF
      120 Main St, Gorham, ME 04038-1306
      View Details
    • Value Estimation
      $350,000
      3,120 SF

      36 Main St

      SHOW ROOM, WAREHOUSE • 3,120 SF
      36 Main St, Gorham, ME 04038-1322
      View Details
    • Value Estimation
      $370,000
      7,367 SF

      645 Main St

      SHOW ROOM, WAREHOUSE • 7,367 SF
      645 Main St, Gorham, ME 04038-2623
      View Details
    • Value Estimation
      $380,000
      3,782 SF

      633 Main St

      SHOW ROOM, WAREHOUSE • 3,782 SF
      633 Main St, Gorham, ME 04038-2623
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      100,000 SF

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      4,000 SF Warehouse Space Available
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    • Contact for pricing
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      100,000 SF

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    • $10 SF/Yr
      16,600 SF

      Industrial Space in Gorham Park

      16,600± SF industrial space with office and parking.
      19 Bartlett Rd, Gorham, ME 04038
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      969
    • Avg Time on site
      13 min
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    587 Main St
    Gorham, ME 04038-2623
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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