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    Property profile & analytics

    1 Park Dr Rockland, ME 04841-3437

    • Office Properties & Spaces
    • 15,713 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimation
    $795,000
    Last Sale
    Jan 06, 2025
    $841,000
    Location Intelligence
    Property ID
    US42-0504849
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Maine Lobster Festival / Festival
    • Maine Lighthouse Museum / Tourist Attraction / Maritime Museum
    • World's Largest Lobster Cooker / Festival
    • Amato's / Pizza Restaurant
    • Park Street Grille / Bar & Grill

    Property Details for 1 Park Dr

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.56 lot acres
    Property size
    15,713 SF
    Property type
    Office Properties & Spaces
    APN
    ROCD M:005B L:02001
    APU
    ROCDM005BL02001

    Description

    This exceptional 7,678 square foot ground level condominium in downtown Rockland, Maine presents a unique investment opportunity. Located at 1 Park Drive 2, this property boasts a prime location with easy access to Main Street and all the vibrant city amenities, including restaurants, museums, theaters, shopping, waterfront parks, and walking trails. Built in 1975, the building sits on a 3.11-acre lot and is zoned 922C for commercial use. Currently configured as over 20 offices, the space also includes a workout room, locker rooms, and multiple meeting rooms. Enjoy stunning water views from most windows and direct access to the city's waterfront parks. The property includes over 10 dedicated parking spaces. Note that the current occupant requires a 12-18 month leaseback. The asking price for this versatile property is $600,000. This is an ideal opportunity for an investor seeking a mixed-use property in a thriving Maine coastal community. The property's diverse layout and central location make it suitable for a variety of commercial uses, including executive offices, hotels, or medical offices.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $765,000

    • CAP approach

      CAP return
      Estimation
      6%
      $920,000
      6.5%
      $870,000
      7%
      $795,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $850,000
      Geo Method
      $895,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $900,000
      Retail
      $890,000
      Mixed-Use
      $1,000,000
      Hospitality
      $910,000
      Educational
      $995,000
      Residential Income
      $805,000
      Energy
      $1,030,000
      Income-Based Land
      $905,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.1077
    Latitude
    44.102
    CBSA code
    40500
    CBSA name
    ROCKLAND, ME MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,054
    $210,000
    $822,300
    $1,032,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      949 SF

      33 Park St

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      11,232 SF

      270 Pleasant St

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      270 Pleasant St, Rockland, ME 04841
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      949 SF

      33 Park St

      Office Properties & Spaces • 949 SF
      33 Park St, Rockland, ME 04841
      View Details
    • Value Estimation
      $845,000
      3,640 SF

      606 Main St

      CONDOMINIUM OFFICES • 3,640 SF
      606 Main St, Rockland, ME 04841-3356
      View Details
    • Value Estimation by Request
      11,232 SF

      270 Pleasant St

      Office Properties & Spaces • 11,232 SF
      270 Pleasant St, Rockland, ME 04841
      View Details
    • Value Estimation
      $295,000
      1,288 SF

      62 Maverick St

      OFFICE BUILDING • 1,288 SF
      62 Maverick St, Rockland, ME 04841-2464
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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    1 Park Dr
    Rockland, ME 04841-3437
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    Realmo Value Estimation

    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.

    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.

    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
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