Financial
Distress signals
Property profile

11 Mechanic St Freeport, ME 04032

OFF-MARKET
Other retail properties
Property ID
US42-0384569
2,143 SF 0.06 ac lot Built 1850
Last sale Feb 2026 · $529,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Built in 1850, this two-level flex property is located in downtown Freeport at 11 Mechanic Street, approximately one block from L.L. Bean. The first floor includes a customer-facing area with mahogany built-ins, an office, a compact workshop, and a bathroom. The upper level contains multiple offices, a large workshop with high ceilings, a full bathroom, and a kitchenette. The property is within VC1 zoning, which supports a broad range of uses including office and professional services,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$349k
Assessed land$236k
Assessed improvement$114k
Effective rate1.38%

Value estimate

· Sep 2026
$250k
$225k – $275k
AI approach$250k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$190/SF
County average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$118 – $287
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CM03
JurisdictionFREEPORT

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop11.6
Dental Office10.8
Pharmacy9.9

Location

11 Mechanic St Freeport, ME 04032-1526
County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
176 Us Rte 1st, Freeport, ME 04032-7013 $615,000 Jan 2026 3,380 SF
148 Main, Freeport, ME 04032-1347 $860,000 Aug 2024 2,587 SF
8 Varney, Freeport, ME 04032-1007 $1,000,000 Apr 2024 3,616 SF
135 Main, Freeport, ME 04032-1310 $817,500 Oct 2023 2,280 SF
6 Ml, Freeport, ME 04032-1507 $998,211 Nov 2022 4,685 SF
122 Main, Freeport, ME 04032-1221 $500,000 Jun 2022 4,041 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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