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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Warehouses
72 Olde Canal Way Gorham, ME 04038-2684
Entity Owned
2-yr Hold
Free & Clear
Property ID
US42-0497434
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
10,000 SF
Lot
12.59 ac (548,420 SF)
Zoning code
I-SZ-R
APN
GRHM M:034 B:003 L:005
UPID
US42-0497434
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
$1.63M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
72 Olde Way LLC · 2 yrs held
72 Olde Way LLC
since 2023
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
I-SZ-R · Gorham, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+301.3%
Commercial (general)
$1.3M
+250.9%
Restaurant
$1.3M
+243.0%
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 Gorham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gorham 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
$1,575,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,540,000
Change: +301% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,345,000
Change: +251% · Conversion: Difficult
RESTAURANT
$1,315,000
Change: +243% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,185,000
Change: +210% · Conversion: Easy
RETAIL STORES
$1,000,000
Change: +160% · Conversion: Moderate
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±10% · vs last sale $1.63M (Dec 20 2023)
Last sale anchor
$1.63M
Dec 20 2023
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
$158 / 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
$20,926
Tax year 2023
Assessed value
$1,521,900
Assessed 2023
Previous assessed
$1,521,900
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$817,100
Assessed improvement
$704,800
Applied tax rate
28,240.0000
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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
10,000 SF
Lot
12.59 ac (548,420 SF)
Zoning code
I-SZ-R
APN
GRHM M:034 B:003 L:005
UPID
US42-0497434
Jurisdiction
GORHAM
Zoning & alternative use
I-SZ-R · Gorham, MEZoning I-SZ-R · permitted uses
I-SZ-R · Gorham, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
1
Bathrooms
1
Lot
12.59 ac
Current owner
From public records · entity-resolved
72 Olde Way LLC
Entity
Free & Clear · 2 yrs held
Mailing address
72 OLDE CANAL WAY, GORHAM, ME 04038-2684
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$1,625,000
72 Olde Way LLC
Chadbourne Realty LLC
Quit Claim Arm's Length For Ne States
—
Jul 8, 2022
—
Chadbourne Realty LLC
—
Deed
related
$1,000,000 · Camden National Bank
Dec 12, 2018
—
Chadbourne Reality LLC
—
Deed
related
$750,000 · Granite St Economic Dev
Feb 16, 2018
—
Chadbourne Realtyllc
—
Deed
related
$537,000 · Granite St Economic Dev
—
—
Chadbourne Reality LLC
—
Deed Of Trust
related
$750,000 · Granite St Economic Dev
—
—
Chadbourne Realtyllc
—
Deed Of Trust
related
$537,000 · Granite St Economic Dev
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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