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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Retail properties & Spaces
71 Portland Rd Kennebunk, ME 04043-6602
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0007720
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1800
Construction
FRAME
Total area
5,334 SF
Lot
1.4 ac (60,984 SF)
APN
KENB M:035 L:034
UPID
US42-0007720
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
-
TrueNorth Home Systems Construction Company General Contractor
-
Texas Grace Kitchen Restaurant
-
Seven Mile Road Church Church
-
The Farragut at Kennebunk Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$765k
Owner & transaction history
Portland Road 71 LLC · 3 yrs held
Portland Road 71 LLC
since 2022
7 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 Kennebunk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennebunk 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%
$1,080,000
6.5%
$995,000
7%
$925,000
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$143 / 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
$10,073
Tax year 2023
Assessed value
$627,600
Assessed 2023
Previous assessed
$627,600
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$346,600
Assessed improvement
$281,000
Applied tax rate
36,535.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1800
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
5,334 SF
Lot
1.4 ac (60,984 SF)
APN
KENB M:035 L:034
UPID
US42-0007720
Jurisdiction
KENNEBUNK
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
1800
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Portland Road 71 LLC
Entity
Mailing address
5 SHADY CRK LN, SCARBOROUGH, ME 04074-8480
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
—
Portland Road 71 LLC
Van E Hertel
Warranty Deed
—
Jul 22, 2013
—
Van E Hertel JR.
71 Portland Road LLC
Warranty Deed
related
$250,000 · Gorham Savings Bank
Jan 4, 2012
—
71 Portland Road LLC
Bank Of Maine
Grant Deed
related
—
Mar 30, 2010
—
Savings Bank Of Maine
Savings Bank Of Maine
Grant Deed
related
—
Feb 23, 2009
—
Lang Properties LLC
—
Deed Of Trust
related
$250,000 · Savings Bank Of Maine
Dec 18, 2008
—
Lang Properties LLC
—
Deed Of Trust
related
$15,000 · Misc Other
Apr 11, 2008
—
Lang Properties LLC
—
Deed Of Trust
related
$550,000 · Rivergreen Bank
Feb 13, 2007
—
Lang Properties LLC
—
Deed Of Trust
related
$329,802 · Rivergreen Bank
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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