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Property profile & analytics
OFF-MARKET
Banks
1000 Central St Millinocket, ME 04462-2111
Individually Owned
7-yr Hold
Free & Clear
Property ID
US42-0275244
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Lot
4.59 ac (199,940 SF)
Zoning code
HC
APN
MLNK M:U11 L:008
UPID
US42-0275244
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
-
Katahdin Federal Credit Union Credit Union
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Katahdin FCU · 7 yrs held
Katahdin FCU
since 2019
7 recorded transactions
Zoning & alternative use
HC · Millinocket, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Highway Commercial Development Zone (HC) is to provide for the orderly expansion of commercial development along Route 11 or 157
Zone name
Highway Commercial Development Zone
General category
COMMERCIAL
Zone area
232.93 ac
Source
Realmo
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 Millinocket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millinocket 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$18,922
Tax year 2023
Assessed value
$671,000
Assessed 2023
Previous assessed
$671,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$117,000
Assessed improvement
$554,000
Applied tax rate
45,810.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Lot
4.59 ac (199,940 SF)
Zoning code
HC
APN
MLNK M:U11 L:008
UPID
US42-0275244
Jurisdiction
MILLINOCKET
Zoning & alternative use
HC · Millinocket, MEZoning HC · permitted uses
HC · Millinocket, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Highway Commercial Development Zone (HC) is to provide for the orderly expansion of commercial development along Route 11 or 157
Zone name
Highway Commercial Development Zone
General category
COMMERCIAL
Zone area
232.93 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
4.59 ac
Current owner
From public records · entity-resolved
Katahdin FCU
Individual
Free & Clear · 7 yrs held
Mailing address
1000 CENTRAL ST, MILLINOCKET, ME 04462-2111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
—
Craig S Jandreau
—
Deed
related
$44,000 · Katahdin FCU
Apr 3, 2020
—
Mary K Martin
—
Deed
related
$72,000 · Katahdin FCU
Apr 12, 2019
—
Katahdin FCU
Katahdin FCU
Quit Claim Deed
related
—
Mar 9, 2018
—
Katahdin FCU
Katahdin FCU
Quit Claim Deed
related
—
Sep 26, 2016
—
Shedd Family Trust
Shedd,wayne A
Quit Claim Deed
related
—
Apr 29, 2016
—
Shedd Family Trust
Shedd,wayne A
Quit Claim Deed
related
—
Jul 14, 2015
—
Wayne A Shedd
Katahdin Timberlands LLC
Quit Claim Deed
related
$60,000 · Katahdin FCU
—
—
Mary K Martin
—
Deed Of Trust
related
$72,000 · Katahdin FCU
—
—
Craig S Jandreau
—
Deed Of Trust
related
$44,000 · Katahdin FCU
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.
Try Rey
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