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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Warehouses
101 Banair Rd Bangor, ME 04401-8706
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US42-0005884
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
12,844 SF
Lot
2.06 ac (89,734 SF)
Zoning code
UID
APN
BANG M:R07 L:009
UPID
US42-0005884
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
-
Commercial Delivery Systems Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
Black Bear Properties LLC · 12 yrs held
Black Bear Properties LLC
since 2013
2 recorded transactions
Zoning & alternative use
UID · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ving activities if a land development permit is required under § 165-33 . (5) Any use, including permitted uses, in the NSD, USD, DDD, WDD, ADD (except for airport traffic control and direct aviation support uses), BPD, UID, G & ISD, S & PS, GC & S, T & S and I & S Districts (as defined in Articles XIII , XIV and XV of this chapter). (6) Any use or site deve…
Zone name
Urban Industry District
General category
INDUSTRIAL
Zone area
726.28 ac
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 Bangor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bangor 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,245,000
Change: 0% · Conversion: Easy
RESTAURANT
$1,210,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,105,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$815,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$795,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$70 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$16,344
Tax year 2024
Assessed value
$881,100
Assessed 2024
Previous assessed
$814,400
+8.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$142,300
Assessed improvement
$738,800
Applied tax rate
2,795.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
SPACE
Stories
1
Total area
12,844 SF
Lot
2.06 ac (89,734 SF)
Zoning code
UID
APN
BANG M:R07 L:009
UPID
US42-0005884
Jurisdiction
BANGOR
Zoning & alternative use
UID · Bangor, MEZoning UID · permitted uses
UID · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ving activities if a land development permit is required under § 165-33 . (5) Any use, including permitted uses, in the NSD, USD, DDD, WDD, ADD (except for airport traffic control and direct aviation support uses), BPD, UID, G & ISD, S & PS, GC & S, T & S and I & S Districts (as defined in Articles XIII , XIV and XV of this chapter). (6) Any use or site development meeting the definition of "subdivision" in 30-A M.R.S.A. § 4401. (7) (Reser
Zone name
Urban Industry District
General category
INDUSTRIAL
Zone area
726.28 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$815,000
RETAIL STORES
Est. value
$795,000
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
SPACE
Stories
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Black Bear Properties LLC
Entity
Mailing address
101 BANAIR RD, BANGOR, ME 04401-8706
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2013
—
Black Bear Properties LLC
—
Deed Of Trust
related
$646,000 · Machias Savings Bank
Aug 25, 2008
—
Black Bear Props LLC
—
Deed Of Trust
related
$100,000 · Misc Other
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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