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    Property profile & analytics

    10 School St Freeport, ME 04032-1337

    • Turn key restaurants
    • 3,249 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Last Sale
    Nov 20, 2023
    $275,000
    Location Intelligence
    Property ID
    US42-0202177
    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

    • Aki Sushi Tapas Boba / Japanese Restaurant

    Property Details for 10 School St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.21 lot acres
    Property size
    3,249 SF
    Zone code
    CM03
    Property type
    Turn key restaurants
    APN
    FPRT M:11 B:99 L:0 U:0
    APU
    FPRTM11B99L0U0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $295,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $270,000
      Retail
      $265,000
      Mixed-Use
      $300,000
      Hospitality
      $255,000
      Educational
      $260,000
      Residential Income
      $250,000
      Energy
      $245,000
      Income-Based Land
      $260,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Cumberland
    State
    Maine
    Longitude
    -70.1015
    Latitude
    43.8581
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN 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
    $6,354
    $283,200
    $178,900
    $462,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,800 SF

      193 Lowr Main St

      RESTAURANT • 5,800 SF
      193 Lowr Main St, Freeport, ME 04032-1005
      View Details
    • Value Estimation by Request
      7,782 SF

      115 Main St

      RESTAURANT • 7,782 SF
      115 Main St, Freeport, ME 04032-1222
      View Details
    • Value Estimation
      $315,000
      1,387 SF

      29 Us Rte 1st 1

      RESTAURANT • 1,387 SF
      29 Us Rte 1st 1, Freeport, ME 04032-7000
      View Details
    • Value Estimation by Request
      1,240 SF

      36th Main St

      RESTAURANT • 1,240 SF
      36th Main St, Freeport, ME 04032-1211
      View Details
    • Value Estimation
      $345,000
      532 SF

      292 Us Rte 1st 1

      RESTAURANT • 532 SF
      292 Us Rte 1st 1, Freeport, ME 04032-7015
      View Details
    • Value Estimation by Request
      1,416 SF

      36th Main St

      RESTAURANT • 1,416 SF
      36th Main St, Freeport, ME 04032-1211
      View Details

    Similar Nearby for Sale

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      1,799 SF

      Turnkey Freeport Convenience Store & Gas

      Established convenience store and gas station on a 3+ acre lot.
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      Historic Maine Inn, 7 rooms, 10 beds
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      Freeport Inn: Charming B&B Opportunity

      Historic Inn & Modern Home, Prime Freeport Location
      11 Holbrook St, Freeport, ME 04032
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    • $675,000
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      Freeport Mixed-Use Commercial Property

      Prime Freeport location, 3,380 sq ft, 1-acre lot.
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      Two commercial lots for immediate development with utilities in place.
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    Similar Nearby for Lease

    • Contact for pricing
      122,121 SF

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      Prime Freeport location, multiple units.
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    • $25 SF/Yr
      45,829 SF

      Freeport Retail Space Available

      4,300 SF prime retail space in Freeport, ME
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      View Details
    • $20 SF/Yr
      5,540 SF

      Prime Retail Space on Main

      Retail space in a sought-after shopping area.
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      View Details
    • $24 SF/Yr
      4,848 SF

      Class A Office Building Freeport

      Modern office space with excellent access, visibility, and amenities.
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    • $1.00 SF/Yr

      Commercial Development Land For Rent

      37.9+/- acre commercial development with build-to-suit sites available.
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    • $35 SF/Yr
      4,590 SF

      Main Street Office Building For Rent

      4,590± SF office building on heavily trafficked Main Street.
      135 Main St, Freeport, ME 04032
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      5.2k
    • Avg Time on site
      66 min
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    10 School St
    Freeport, ME 04032-1337
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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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