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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Commercial real estate
67 Shaker Rd Gray, ME 04039-9640
Trust Owned
9-yr Hold
Free & Clear
Property ID
US42-0293629
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
5,850 SF
Lot
2.5 ac (108,900 SF)
Zoning code
WELLHE
APN
GRAY M:035 B:025 L:001-001
UPID
US42-0293629
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
Current use
Occupant on record · Public records
-
Touchstone Bodyworks Alternative Medicine Practice Spa & Massage Center
-
Wendy N. Kjeldgaard, PSYD Physician Medical Clinic
-
REFLEXOLOGY & RELAXATION Alternative Medicine Practice Spa & Massage Center
-
Mc Manus Richter Mary Lou RN LCPC NCC Counselor Psychotherapist
-
Judith Rice Lcsw Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$985k
Owner & transaction history
Vanderputten,c J Living Trust · 9 yrs held
Vanderputten,c J Living Trust
since 2016
4 recorded transactions
Zoning & alternative use
WELLHE · Gray, ME
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 Gray submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gray 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%
$1,210,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,320,000
Current use
OFFICE BUILDING
$1,135,000
Change: -14% · Conversion: Easy
RETAIL STORES
$1,110,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$168 / 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
$13,469
Tax year 2023
Assessed value
$887,300
Assessed 2023
Previous assessed
$887,300
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$96,600
Assessed improvement
$790,700
Applied tax rate
28,870.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
HOT WATER
Units
9
Rooms
24
Bathrooms
13
Total area
5,850 SF
Lot
2.5 ac (108,900 SF)
Zoning code
WELLHE
APN
GRAY M:035 B:025 L:001-001
UPID
US42-0293629
Jurisdiction
GRAY
Zoning & alternative use
WELLHE · Gray, ME
Zoning WELLHE · permitted uses
WELLHE · Gray, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gray. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1980
Heating
HOT WATER
Units
9
Rooms
24
Bathrooms
13
Lot
2.5 ac
Current owner
From public records · entity-resolved
Vanderputten,c J Living Trust
Trust
Free & Clear · 9 yrs held
Mailing address
112 HEARN RD, SACO, ME 04072-9626
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
—
Shaker Park LLC
—
Deed
related
$700,000 · Gorham Svgs Bk
Sep 16, 2016
—
Vanderputten,c J Living Trust
Vanderputten,carl J
Quit Claim Deed
related
—
Jul 7, 2005
—
Carl J Vanderputten
—
Deed Of Trust
related
$100,000 · Td Bank NA
—
—
Shaker Park LLC
—
Deed Of Trust
related
$700,000 · Gorham Svgs Bk
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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