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    Property profile & analytics

    8 Elm St Gorham, ME 04038-1506

    • Office buildings
    • 2,112 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US42-0243062
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Maine Osteopathic Health / Osteopath
    • Atlantic Wealth Planning Group - Ameriprise Financial Services, LLC / Financial Planner / Investment Service
    • Dr. Robert Varecha / Chiropractor
    • Michael Smith - Financial Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service
    • Northern Comfort Wellness / Chiropractor / Naturopathic Practitioner

    Property Details for 8 Elm St

    Year built
    2008
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    2,112 SF
    Zone code
    UC
    Property type
    Office buildings
    APN
    GRHM M:102 B:161 L:000
    APU
    GRHMM102B161L000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $370,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $300,000
      Mixed-Use
      $370,000
      Hospitality
      $285,000
      Educational
      $280,000
      Residential Income
      $340,000
      Energy
      $385,000
      Income-Based Land
      $300,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Cumberland
    State
    Maine
    Longitude
    -70.4398
    Latitude
    43.6801
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,819
    $94,100
    $329,100
    $423,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      33,180 SF

      10 Wentworth Dr

      OFFICE BUILDING • 33,180 SF
      10 Wentworth Dr, Gorham, ME 04038-1145
      View Details
    • Value Estimation
      $375,000
      3,566 SF

      31 Main St

      OFFICE BUILDING • 3,566 SF
      31 Main St, Gorham, ME 04038-1301
      View Details
    • Value Estimation
      $375,000
      2,901 SF

      658 Main St

      OFFICE BUILDING • 2,901 SF
      658 Main St, Gorham, ME 04038-2621
      View Details
    • Value Estimation
      $330,000
      1,437 SF

      626 Main St

      OFFICE BUILDING • 1,437 SF
      626 Main St, Gorham, ME 04038-2620
      View Details
    • Value Estimation
      $480,000
      2,052 SF

      380 Main St

      OFFICE BUILDING • 2,052 SF
      380 Main St, Gorham, ME 04038-1316
      View Details
    • Value Estimation by Request
      5,901 SF

      20 Mechanic St

      OFFICE BUILDING • 5,901 SF
      20 Mechanic St, Gorham, ME 04038-1560
      View Details

    Similar Nearby for Sale

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    • $650,000
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      Commercial Building in Gorham Village

      Well-maintained commercial building with flexible space in Gorham, Maine.
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      Office space in Gorham Village with established tenant.
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    • $399,900
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      Gorham Industrial Land - $399,900

      5.5-acre lot, ideal for business development.
      30 Olde Canal Way, Gorham, ME 04038
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    • $300,000
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      Residential Land in Gorham, Maine

      3-acre residential land suitable for various development projects.
      209 Mosher Rd, Gorham, ME 04038
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    • $200,000
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      North Gorham Land For Sale

      Five surveyed lots available in North Gorham, ranging from 1.47-3.20 acres.
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    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      Gorham Industrial Park Lot 1

      Build-to-Suit Industrial Space: 70,000-100,000 SF
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    • $11 SF/Yr
      20,000 SF

      Gorham Industrial Warehouse Space

      4,000 SF Warehouse Space Available
      36 Bartlett Rd, Gorham, ME 04038
      View Details
    • Contact for pricing
      100,000 SF

      Industrial Build-to-Suit Opportunity

      50,000 - 100,000 SF industrial build-to-suit opportunity in Gorham, ME.
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      View Details
    • Contact for pricing
      143,748 SF

      Gorham Industrial Land - 3.3 Acres

      Prime 3.3-acre industrial lot, utilities available.
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      View Details
    • $10 SF/Yr
      16,600 SF

      Industrial Space in Gorham Park

      16,600± SF industrial space with office and parking.
      19 Bartlett Rd, Gorham, ME 04038
      View Details
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    8 Elm St
    Gorham, ME 04038-1506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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