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Property profile & analytics
FOR LEASE
Commercial real estate
1 Freeport Village Sta Freeport, ME 04032
Entity Owned
Absentee Owner
Free & Clear
Property ID
US42-0265953
For Lease
1 / 20
$575,000
1 Freeport Village Sta, Freeport, ME 04032
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Property summary
AI-generated overview
Freeport Village Station offers exceptional retail opportunities in the heart of Freeport, Maine. This vibrant shopping center boasts 122,121 square feet of retail space, situated on 3.6 acres and featuring a 520-space parking garage. Currently, 29,023 square feet of space is available, divisible into units ranging from 910 to 13,756 square feet. The center enjoys a highly desirable location directly across from L.L.Bean's flagship campus, currently undergoing a significant $50 million renovation called "The Freeport Experience," and along Freeport Main Street. This prime location benefits from its proximity to both Portland, Maine (20 minutes north) and Boston, Massachusetts (a two-hour train ride via Amtrak Downeaster), making it a popular destination for tourists and locals alike. Anchored by L.L.Bean's LEED-certified outlet store, Freeport Village Station also features a diverse mix of well-known national brands including Coach, Brooks Brothers, Old Navy, and many others. The center is more than just a shopping destination
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
3.63 ac (158,123 SF)
Zoning code
CM01
APN
FPRT M:811 B:112 L:ETC U:0
UPID
US42-0265953
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
-
Freeport Village Station Shopping Center & Mall
-
francesca's Clothing & Fashion Store (Bike/Boat/Book/etc) Store
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Carter's Clothing & Fashion Store
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Oakley Vault (Bike/Boat/Book/etc) Store
-
L.L.Bean Freeport Outlet Camping Store Luggage Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
BERENSON FREEPORT ASSOC
BERENSON FREEPORT ASSOC
Zoning & alternative use
CM01 · Freeport, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$390,936
Tax year 2023
Assessed value
$28,431,700
Assessed 2023
Previous assessed
$40,757,900
-30.2% YoY
Effective rate
1.38%
On assessed value
Assessed improvement
$28,431,700
Applied tax rate
26,525.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
3
Lot
3.63 ac (158,123 SF)
Zoning code
CM01
APN
FPRT M:811 B:112 L:ETC U:0
UPID
US42-0265953
Jurisdiction
FREEPORT
Zoning & alternative use
CM01 · Freeport, ME
Zoning CM01 · permitted uses
CM01 · Freeport, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freeport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
3
Lot
3.63 ac
Current owner
From public records · entity-resolved
BERENSON FREEPORT ASSOC
Individual
Free & Clear · 0 yrs held
Mailing address
841 WORCESTER ST #326, NATICK, MA 01760-2016
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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