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Property profile & analytics
OFF-MARKET
Estimated value
$12,250,000
Showrooms
70 Holmes Rd Scarborough, ME 04074-9565
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0216817
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1949
Total area
2,700 SF
Lot
54.6 ac (2,378,376 SF)
Zoning code
40
APN
SCAR M:R032 L:014
UPID
US42-0216817
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
$12.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.25M
Owner & transaction history
Setzer Properties Pld LLC · 2 yrs held
Setzer Properties Pld LLC
since 2024
Last sale
$12.3M
5 recorded transactions
Zoning & alternative use
40 · Scarborough, 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 Scarborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scarborough 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
$12,250,000
ML approach
$12,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.25M
Range $11.03M – $13.48M · ±10% · vs last sale $12.25M (Mar 5 2024)
Last sale anchor
$12.25M
Mar 5 2024
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
$4,537 / 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
$53,105
Tax year 2023
Assessed value
$3,325,300
Assessed 2023
Previous assessed
$3,325,300
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$3,071,200
Assessed improvement
$254,100
Applied tax rate
66,145.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1949
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
2,700 SF
Lot
54.6 ac (2,378,376 SF)
Zoning code
40
APN
SCAR M:R032 L:014
UPID
US42-0216817
Jurisdiction
SCARBOROUGH
Zoning & alternative use
40 · Scarborough, ME
Zoning 40 · permitted uses
40 · Scarborough, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scarborough. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
54.6 ac
Current owner
From public records · entity-resolved
Setzer Properties Pld LLC
Entity
Mailing address
70 HOLMES RD, SCARBOROUGH, ME 04074-9565
Ownership since
2024
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
Mar 5, 2024
$12,250,000
Setzer Properties Pld LLC
Scarborough Prop Dev LLC
Quit Claim Arm's Length For Ne States
—
Apr 8, 2022
$5,000,000
Scarborough Prop Dev LLC
High Meadows INC
Quit Claim Arm's Length For Ne States
$4,320,000 · Northern Bank & Trust Co
Aug 9, 2021
—
High Mdws INC
Cusack J Est
Correction Deed
related
—
Oct 26, 2012
—
High Meadows INC
—
Deed Of Trust
related
$100,000 · Td Bank NA
May 14, 2012
—
High Meadows INC
—
Deed Of Trust
related
$150,000 · Td 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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