225 INNOVATION WAY
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Location
225 INNOVATION WAY
Mblu
U053/ / 035/ /
Acct#
10186
Owner
NXGEN DEVELOPMENT LLC
PBN
Assessment
$4,382,900
PID
10186
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2024$4,037,300$345,600$4,382,900

Owner of Record
OwnerNXGEN DEVELOPMENT LLC
Co-Owner
AddressPO BOX 485
SCARBOROUGH, ME 04070
Sale Price$310,000
Certificate
Book & Page 39487/217
Sale Date06/09/2022
Instrument2
QualifiedU

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
NXGEN DEVELOPMENT LLC$310,000 39487/217206/09/2022
CROSSROADS HOLDINGS LLC$0 34573/150401/03/2018
CROSSROADS HOLDINGS LLC$0 34573/150401/03/2018

Building Information
Building 1 : Section 1
Year Built: 2024
Living Area: 19,800
Replacement Cost: $3,730,706
Building Percent Good: 100
Replacement Cost
Less Depreciation:
$3,730,700
Building Attributes
FieldDescription
StyleOffice/Apt
ModelCommercial
Stories2
Units22.00
Exterior Wall 1Pre Finish Metal
Interior Floor 1Vinyl-Laminate
Interior Floor 2Concr-Finished
Heat FuelGas
Heat TypeHot Air-No Duc
AC TypeHeat Pump
Primary Bldg UseAPT OVER 8 MDL-94
GradeGood
Roof StructureFlat
Roof CoverRolled Compos
Baths/PlumbingAbove Average
Ceiling/WallCeil & Walls
Rooms/PrtnsAbove Average
Wall Height9.00
Heat and ACHeat/AC Split
Exterior Wall 2 
Frame TypeSteel
Interior Wall 2 
Interior Wall 1Drywall/Sheet
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 9,900 9,900
FUSUpper Story, Finished 9,900 9,900
   19,800 19,800

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET30276.00 S.F.$181,7001
CNP2CPY GD QUALITY414.00 S.F.$19,9001
SOL3SOLAR SIG1.00 UNITS$15,0001

Land
Land Use
Use Code112C
DescriptionAPT OVER 8 MDL-94  
Zone39
Neighborhood325
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.92
Assessed Value$345,600

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  20000.00 S.F.$90,0001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$4,037,300$345,600$4,382,900
2024$3,256,000$345,600$3,601,600
2023$0$280,700$280,700

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