Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1425 Hammond St Bangor, ME 04401

    Sponsored
    For Sale
    $359,000

    Land, Other - Bangor, ME

    Lot size:
    2.30 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 25 at 2:06 pm

    Property Features for 1425 Hammond St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Isaac Raymond

    NextHome, Inc

    Listing agent Isaac Raymond (207) 573-7400 License #BA919629,PersonLicenseNumber

    Listing date Feb 17, 2026

    MLS# 1651866 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    2.3 Acre Build-Ready Land

    This 2.3-acre parcel of land is located on Hammond Street in Bangor. The property is cleared and build-ready, offering exceptional traffic exposure. Zoned UID, the site has outstanding potential for a wide range of uses. It features a temporary office container with power, a gravel parking area, and a prepared pad site. An approved engineered plan and site plan are available. This property is suitable for building a new business or multiunit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Dental Office Hair Salon Spa & Massage Center Gym & Fitness Center Nail Salon Department Store Garden Center Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.83229065
    Latitude
    44.79571152

    Nearby Similar for Sale

    • New
      $345,000
      1,860 SF

      Income-Producing Triplex Near Downtown Bangor

      Fully rented 3-unit property near downtown and waterfront venue.
      101 3Rd St, Bangor, ME 04401
      View Details
    • $595,000
      5,568 SF

      High-Visibility Commercial Building in Bangor

      Versatile commercial building with high visibility and functional space.
      1567 Hammond St, Bangor, ME 04401
      View Details
    • $285,000
      1,505 SF

      Bangor Duplex with Updates

      Two-unit property in Bangor, Maine, with recent updates.
      178-180 Birch St, Bangor, ME 04401
      View Details
    • $249,900
      2,454 SF

      Bangor Colonial Multifamily Investment Property

      Well-maintained two-unit property near downtown Bangor.
      122 Ohio St, Bangor, ME 04401
      View Details
    • $254,900
      2,630 SF

      Bangor Mixed-Use Commercial Building

      High-ROI potential, versatile property. Prime Bangor location.
      44 Center Street Ave, Bangor, ME 04401
      View Details
    • $1,095,000
      6,170 SF

      Bangor Office Building - 6,170 SF

      Prime Bangor location, 6,170 sq ft office building, 1.83 acres.
      1570 Broadway, Bangor, ME 04401
      View Details
    • $1,495,000
      8,682 SF

      Bangor Multifamily Investment Opportunity

      22 Units, Strong Cash Flow, Updated
      145 High St, Bangor, ME 04401
      View Details
    • Contact for pricing
      531,032 SF

      Bangor Mall Industrial Space

      115,000 SF Flex Space - Excellent Location
      663 Stillwater Ave, Bangor, ME 04401
      View Details
    • $7,990,000
      20,266 SF

      Bangor Hotel - Prime Location

      96-Key Hotel, Excellent Amenities
      750 Hogan Rd, Bangor, ME 04401
      View Details
    • $475,000
      1,062 SF

      Updated Mixed-Use Property on Broadway

      High-visibility, mixed-use property with live/work functionality and modern amenities.
      546 Broadway, Bangor, ME 04401
      View Details
    • New
      $189,000
      3,444 SF

      Downtown Bangor Office Condo

      Historic office condo with rental income potential in downtown Bangor.
      74 Hammond St, Bangor, ME 04401
      View Details
    • New
      $225,000
      628 SF

      Bangor Commercial Space For Sale

      Versatile commercial space in high-traffic location, ideal for various uses.
      120 State Street Ave, Bangor, ME 04401
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared 2.3-acre lot in high-traffic Bangor location.
    Where is this commercial land located?
    The property is located at 1425 Hammond St Bangor, ME.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Prime location on Hammond Street in Bangor with exceptional traffic exposure.; - 2.3-acre cleared and build-ready parcel.; - UID zoning offers outstanding potential for a wide range of uses.
    (207) 949-4870
    Request Owner's contact information
    1425 Hammond St Bangor, ME 04401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1425 Hammond St
    Bangor, ME 04401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1425 Hammond St Bangor, ME 04401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Isaac Raymond
    Real Estate License ID: BA919629,PersonLicenseNumber
    (207) 949-4870 (207) 573-7400
    Learn more
    Google sign-in failed. Please try again or use another login method.