Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    75 Front St Rockland, ME 04841
    Property profile & analytics

    75 Front St Rockland, ME 04841

    View on Map
    • Marinas
    • 2.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ocean Pursuits Marine Services / (Bike/Boat/Book/etc) Store

    Property Details for 75 Front St

    Lot size
    2.70 lot acres
    Property type
    Marinas
    Property subtype
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 75 Front St, Rockland, ME 04841, presents a rare waterfront development opportunity on 2.7 acres. The property boasts a prime location just off Route 1, within walking distance of downtown Rockland's attractions. Built in 1960 and 1983, the property is zoned GD, WF-4, allowing for residential development on the upper lot, offering stunning panoramic oceanfront views. Currently operating as a successful full-service boatyard catering to high-end clientele, the property includes boat storage, boat services, dingy floats with a transferable submerged lease (expandable, unrestricted by federal channels), an on-site boat launch ramp, and existing moorings. The asking price is $2,995,000. This presents a unique chance to capitalize on both the existing profitable business and the significant potential for future expansion and development. The property's waterfront access to Penobscot Bay adds considerable value and appeal. This is a truly remarkable investment opportunity in a desirable Maine coastal location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.1024
    Latitude
    44.1147

    Comparable in this City

    • Value Estimation by Request
      8,980 SF

      75 Front St

      Marinas • 8,980 SF
      75 Front St, Rockland, ME 04841
      View Details
    • Value Estimation by Request
      5,304 SF

      421-423 Main St St

      Mixed-use properties • 5,304 SF
      421-423 Main St St, Rockland, ME 04841
      View Details
    • Value Estimation by Request
      5.01 Acres

      25 Wesley Ln

      CHARITABLE ORGANIZATION • 5.01 Acres
      25 Wesley Ln, Rockland, ME 04841-5728
      View Details
    • Value Estimation by Request
      0.75 Acres

      326 Limerock St

      CHARITABLE ORGANIZATION • 0.75 Acres
      326 Limerock St, Rockland, ME 04841-2232
      View Details
    • Value Estimation
      $920,000
      15,300 SF

      200 Camden St

      CHARITABLE ORGANIZATION • 15,300 SF
      200 Camden St, Rockland, ME 04841
      View Details
    • Value Estimation by Request
      756 SF

      6 Philbrick Ave

      CHARITABLE ORGANIZATION • 756 SF
      6 Philbrick Ave, Rockland, ME 04841
      View Details

    Similar Nearby for Sale

    • $2,995,000

      Waterfront Property with Expansion Potential

      Rare waterfront development opportunity in Rockland, Maine with expansion potential.
      75 Front St, Rockland, ME 04841
      View Details
    • $459,000
      2,556 SF

      Rockland Mixed-Use Commercial Building

      Two-story mixed-use building in downtown Rockland, Maine.
      367 Main St, Rockland, ME 04841
      View Details
    • $825,000
      8,658 SF

      Mixed-Use Building on Main Street

      Corner lot mixed-use building with fully leased retail units.
      375 Main St, Rockland, ME 04841
      View Details
    • $1,895,000
      8,083 SF

      Downtown Rockland Multi-Use Building

      Multi-use building with retail, residential, and rental spaces.
      410 Main St, Rockland, ME 04841
      View Details
    • $1,895,000
      8,083 SF

      Downtown Rockland Multi-Use Commercial Building

      Multi-use commercial building in downtown Rockland with retail and residential spaces.
      410 Main St, Rockland, ME 04841
      View Details
    • $5,200,000
      2.92 Acres

      Rockland Harbor Waterfront Redevelopment Opportunity

      2.75 acres on Rockland Harbor with redevelopment potential.
      779 Main St, Rockland, ME 04841
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,740 SF

      Retail Space in Harbor Plaza

      High-traffic retail space with national tenants in Rockland, Maine.
      235 Camden Street Ter, Rockland, ME 04841
      View Details
    • $11 SF/Yr

      Route One Flex Space

      Flex space on Route One near retail and city hall.
      164 New County Rd, Rockland, ME 04841
      View Details
    • Contact for pricing
      5,688 SF

      Industrial Property in Rockland, Maine

      Industrial property available for rent in Rockland, Maine.
      164 New County Rd, Rockland, ME 04841
      View Details
    • Contact for pricing

      Retail Space on Main Street

      Retail space for lease in Rockland, Maine with 1,383 SF.
      305 Main St, Rockland, ME 04841
      View Details
    • Contact for pricing

      Premier Shopping Center Retail Space

      Established shopping center with national tenants and high foot traffic.
      235 Camden St, Rockland, ME 04841
      View Details
    Request Owner's contact information
    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.
    75 Front St
    Rockland, ME 04841
    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
    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

    Thank You for Inquiry
    75 Front St, Rockland, ME, 04841
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!