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Property profile & analytics
OFF-MARKET Estimated value $780,000
Commercial real estate

375 Main St Rockland, ME 04841-3304

7,346 SF 0.12 ac lot Built 1860
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US42-0526835
Property summary
AI-generated overview

This exceptional mixed-use property, located at 375 Main Street in the heart of Rockland, Maine, presents a rare investment opportunity. The Joy Building, a well-established landmark, sits on a prominent corner lot at a highly visible, lighted intersection. The building boasts 8,658 square feet spread across three levels. The ground floor comprises three fully leased retail units, each benefiting from ample basement storage space. Upstairs, the second floor offers well-appointed office space, ideal for a variety of professional uses. Constructed in 2000, this building underwent a complete renovation, including a new electrical system, a durable rubber membrane roof, a modern central air conditioning system, and significant interior upgrades. Practical features such as a full wet sprinkler system and a convenient elevator enhance both safety and accessibility. Dedicated parking is available behind the building, accommodating up to four vehicles. The 0.12-acre lot provides ample space and visibility. This property is perfectly suited for an investor seeking a stable, income-generating asset or an owner-occupant looking to establish their business in a thriving downtown location. The combination of existing tenants and the potential for redevelopment makes this a truly unique opportunity in Rockland's vibrant commercial district. The asking price is $1,150,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1860
Construction FRAME
Total area 7,346 SF
Lot 0.12 ac (5,069 SF)
APN ROCD M:001D L:02000
UPID US42-0526835
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
Current use
Occupant on record · Public records
  • Home Counselors Family Counselor Non-Profit Organization
  • Open Door Wellness Maine Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$768k
Blend (final) Blend
$780k
Owner & transaction history
Home Counselors INC · 20 yrs held
Home Counselors INC
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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