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    Property profile & analytics

    10 Payne Ave Rockland, ME 04841-2118

    • Retail properties
    • 34,280 SF
    • 4.29 lot acres
    OFF-MARKET
    Value Estimation
    $950,000
    Location Intelligence
    Property ID
    US42-0405251
    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

    • E.L. Spear Inc. Lumber and Hardware / Hardware Store / Building Materials Supplier

    Property Details for 10 Payne Ave

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    4.29 lot acres
    Property size
    34,280 SF
    Property type
    Retail properties
    APN
    ROCD M:055A L:04000
    APU
    ROCDM055AL04000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $995,000

    • CAP approach

      CAP return
      Estimation
      6%
      $995,000
      6.5%
      $1,095,000
      7%
      $1,100,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $860,000
      Geo Method
      $955,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $910,000
      Retail
      $945,000
      Mixed-Use
      $1,050,000
      Hospitality
      $1,055,000
      Educational
      $1,180,000
      Residential Income
      $1,035,000
      Energy
      $1,125,000
      Income-Based Land
      $1,180,000
      Food Service
      $1,080,000

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.1272
    Latitude
    44.0998
    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
    $46,329
    $383,700
    $1,525,200
    $1,908,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      3,430 SF

      579 Main St

      DEPARTMENT STORE • 3,430 SF
      579 Main St, Rockland, ME 04841-3366
      View Details
    • Value Estimation
      $375,000
      8,270 SF

      574 Main St

      DEPARTMENT STORE • 8,270 SF
      574 Main St, Rockland, ME 04841-3340
      View Details
    • Value Estimation
      $250,000
      3,056 SF

      488 Main St

      DEPARTMENT STORE • 3,056 SF
      488 Main St, Rockland, ME 04841-3343
      View Details
    • Value Estimation
      $280,000
      1,296 SF

      696 Main St

      DEPARTMENT STORE • 1,296 SF
      696 Main St, Rockland, ME 04841-3337
      View Details
    • Value Estimation
      $230,000
      5,565 SF

      51 Park St

      DEPARTMENT STORE • 5,565 SF
      51 Park St, Rockland, ME 04841-2846
      View Details
    • Value Estimation
      $345,000
      10,271 SF

      25 Rankin St

      DEPARTMENT STORE • 10,271 SF
      25 Rankin St, Rockland, ME 04841-3036
      View Details

    Similar Nearby for Sale

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      Mixed-Use Building on Main Street

      Corner lot mixed-use building with fully leased retail units.
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      Rockland Brewing Facility and Restaurant

      Versatile space with brewing setup, dining, and outdoor patio.
      5 Payne Ave, Rockland, ME 04841
      View Details
    • New
      $5,300,000
      2.92 Acres

      Rockland Harbor Redevelopment Opportunity

      2.75 acres on Rockland Harbor with redevelopment potential.
      779 Main St, Rockland, ME 04841
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    • New
      $332,500
      1,590 SF

      Commercial Property in Rockland, Maine

      Well-maintained commercial property with Route 1 exposure, suitable for various uses.
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    Similar Nearby for Lease

    • $3,500 /Mo
      1,383 SF

      Retail Space on Main Street

      Retail space for lease in Rockland, Maine with 1,383 SF.
      305 Main St, Rockland, ME 04841
      View Details
    • $11 SF/Yr
      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
    • $1,825,000
      13,421 SF

      Mixed-Use Property in Rockland, ME

      13,421± SF mixed-use property on 11.79± acres for sale/lease.
      170 Pleasant St, Rockland, ME 04841
      View Details
    • $11 SF/Yr
      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
      19,000 SF

      Industrial Space in Rockland Park

      2,500 SF flex space with drive-in door.
      12 Moran Dr, Rockland, ME 04841
      View Details
    • $8 SF/Yr
      6,765 SF

      Prime Rockland Executive Office Space

      6,765 sq ft, 95 parking spaces, high visibility.
      360 Old County Rd, Rockland, ME 04841
      View Details

    Property Visit Statistics

    • Visits by month
      5.0k
    • Visitors by month
      2.9k
    • Avg Time on site
      15 min
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    10 Payne Ave
    Rockland, ME 04841-2118
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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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