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

    14 Business Cir Rockport, ME 04856

    • Commercial real estate
    • 2,904 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 14 Business Cir

    Year built
    2007
    Lot size
    0.96 lot acres
    Property size
    2,904 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,904 square foot commercial building is situated on a 0.96-acre lot at 14 Business Circle in Rockport, Maine. Its prime location, just half a mile from the intersection of Routes 90 and 17, offers excellent visibility and accessibility. The building boasts a professional exterior and ample parking with 14 spaces and a convenient circular driveway. Inside, you'll find a well-maintained interior featuring central heating and air conditioning, finished floors, and acoustic sound panels. The layout includes four large, sectioned rooms, each equipped with cabinets, counters, and sinks. Three bathrooms and a breakroom/kitchen with laundry hookups add to the functionality. Large windows provide abundant natural light, while extra-tall ceilings offer versatility in space utilization. The side yard is landscaped with mulch, providing a clean and attractive exterior. Currently vacant, this building presents a fantastic opportunity for a variety of commercial ventures to establish a thriving presence in a desirable Rockport location. The building is stick-built and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Knox
    State
    Maine
    Longitude
    -69.1476
    Latitude
    44.1799

    Comparable in this City

    • Value Estimation by Request
      3,282 SF

      904 Commercial St

      COMMERCIAL (GENERAL) • 3,282 SF
      904 Commercial St, Rockport, ME 04856-4233
      View Details
    • Value Estimation
      $790,000
      3,992 SF

      6 Madelyn Ln

      COMMERCIAL (GENERAL) • 3,992 SF
      6 Madelyn Ln, Rockport, ME 04856
      View Details
    • Value Estimation by Request
      2,100 SF

      893 Ww St

      COMMERCIAL (GENERAL) • 2,100 SF
      893 Ww St, Rockport, ME 04856-5161
      View Details
    • Value Estimation by Request
      4,250 SF

      8 Rockport Park Ctr

      SHOW ROOM, WAREHOUSE • 4,250 SF
      8 Rockport Park Ctr, Rockport, ME 04856-4454
      View Details
    • Value Estimation by Request
      3,816 SF

      26 Liberty St

      SHOW ROOM, WAREHOUSE • 3,816 SF
      26 Liberty St, Rockport, ME 04856
      View Details
    • Value Estimation by Request
      2,068 SF

      881 Ww St

      SHOW ROOM, WAREHOUSE • 2,068 SF
      881 Ww St, Rockport, ME 04856-5152
      View Details

    Similar Nearby for Sale

    • $589,900
      4,200 SF

      Route 17 Commercial Property with Apartments

      High-visibility Rockport commercial building with apartments.
      157 Porter St, Rockport, ME 04856
      View Details
    • $669,000
      12,800 SF

      Rockport Commercial Building - Prime Location

      12,800 sq ft, Multi-Use, High Visibility
      618 West St, Rockport, ME 04856
      View Details
    • $89,000
      1.42 Acres

      Rockport Land with Water Views

      Open lot with water views in desirable Rockport neighborhood.
      Hawthorne Dr, Rockport, ME 04856
      View Details
    • $1,250,000
      2,658 SF

      Oceanfront Colonial Triplex in Rockport, ME

      Oceanfront triplex with rental income potential or single-family conversion.
      4 Warrenton St, Rockport, ME 04856
      View Details
    • $529,900
      2,107 SF

      Rockport Mixed-Use Property - $529,900

      Prime Rockport location, mixed-use potential, two dwellings.
      1113 Commercial St, Rockport, ME 04856
      View Details
    • $195,000
      1,514 SF

      Rockport Retail Space - High Visibility

      Prime Route 17 Retail/Office Opportunity
      638 Rockland St, Rockport, ME 04856
      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.
    14 Business Cir
    Rockport, ME 04856
    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

    Google sign-in failed. Please try again or use another login method.