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Property profile & analytics
OFF-MARKET
Office buildings
74 Neptune Dr Brunswick, ME 04011-3078
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0564896
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
2,419 SF
Lot
2.09 ac (91,040 SF)
Zoning code
GR1
APN
BRUN M:040 L:751
UPID
US42-0564896
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Neptune Opportunity Fund · 2 yrs held
Neptune Opportunity Fund
since 2023
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
GR1 · Brunswick, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to provide for a variety of housing types in a compact, pedestrian oriented setting, district standards accommodate a range of moderate density residential uses, including single family (attached or detached), multifamily apartments, assisted or senior housing, and retirement or second homes
Zone name
Growth Residential 1
General category
RESIDENTIAL
Zone area
117.38 ac
Source
Realmo
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 Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brunswick 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,205
Tax year 2023
Assessed value
$352,300
Assessed 2023
Previous assessed
$352,300
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$131,800
Assessed improvement
$220,500
Applied tax rate
8,430.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
2,419 SF
Lot
2.09 ac (91,040 SF)
Zoning code
GR1
APN
BRUN M:040 L:751
UPID
US42-0564896
Jurisdiction
BRUNSWICK
Zoning & alternative use
GR1 · Brunswick, MEZoning GR1 · permitted uses
GR1 · Brunswick, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to provide for a variety of housing types in a compact, pedestrian oriented setting, district standards accommodate a range of moderate density residential uses, including single family (attached or detached), multifamily apartments, assisted or senior housing, and retirement or second homes
Zone name
Growth Residential 1
General category
RESIDENTIAL
Zone area
117.38 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Neptune Opportunity Fund
Entity
Mailing address
74 NEPTUNE DR, BRUNSWICK, ME 04011-3078
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$500,000
Neptune Opportunity Fund
Brunswick Lndg Vent LLC
Quit Claim Arm's Length For Ne States
$400,000 · Bath Savings Institution
May 16, 2019
—
Pegasus Landing LLC
—
Deed
related
$12,450,000 · Jpmorgan Chase Bank NA
Feb 9, 2018
—
Pegasus Landing LLC
—
Grant Deed
related
$6,000,000 · Camden Nat'l 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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