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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Warehouses
6 Water St, Waterville, ME 04901-6577
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0898694
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1874
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,394 SF
Lot
2.01 ac (87,556 SF)
APN
WAVL M:044 B:308
UPID
US42-0898694
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
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$680k
Owner & transaction history
Nr Lockwood Phase I LP · 2 yrs held
Nr Lockwood Phase I LP
since 2023
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$18 / 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
$9,876
Tax year 2023
Assessed value
$496,300
Assessed 2023
Previous assessed
$496,300
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$120,800
Assessed improvement
$375,500
Applied tax rate
80,740.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1874
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
4
Bathrooms
2
Total area
38,394 SF
Lot
2.01 ac (87,556 SF)
APN
WAVL M:044 B:308
UPID
US42-0898694
Jurisdiction
WATERVILLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1874
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
4
Buildings
1
Bathrooms
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Nr Lockwood Phase I LP
Entity
Mailing address
224 W 12TH AVE, NEW YORK, NY 10001-1005
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
—
Nr Lockwood Phase I LP
North Riv Lockwood I LLC
Quit Claim Deed
related
$35,105,000 · Maine State Housing Authority
Feb 23, 2016
—
Hathaway Holdings 3 LLC
Paul Boghossian
Quit Claim Arm's Length For Ne States
—
Jun 25, 2015
—
Hathaway Holdings 3 LLC
Paul Boghossian
Quit Claim Arm's Length For Ne States
—
Feb 27, 2008
—
Lockwood Mills 3 LLC
Harold D Marden T
Deed
—
Jan 10, 2005
—
Residuary T
Marden Harold D Est
Intrafamily Transfer
related
—
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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