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Property profile & analytics
OFF-MARKET
Estimated value
$12,270,000
Retail space
110 Longview Dr Bangor, ME 04401
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US42-0009268
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
122,390 SF
Lot
13 ac (566,280 SF)
Zoning code
S&PS
APN
BANG M:R69 L:001-N
UPID
US42-0009268
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
-
BJ's Gas Station Gas Station
-
BJ's Optical Ophthalmologist (Bike/Boat/Book/etc) Store
-
BJ's Wholesale Club Big Box & Wholesale Store Grocery & Convenience Store
-
AT&T Store Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.36M
CAP Approach
CAP
$15.76M
Comparable Approach
Comparable
$14.03M
Blend (final)
Blend
$12.27M
Owner & transaction history
Realty Income Prop 28 LLC · 1 yrs held
Realty Income Prop 28 LLC
since 2025
Last sale
$12.5M
3 recorded transactions
Zoning & alternative use
S&PS · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.6M
+7.9%
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
$13,035,000
ML approach
$9,355,000
CAP Approach
CAP Return
Estimation
6%
$17,065,000
6.5%
$15,755,000
7%
$14,630,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,605,000
Current use
COMMERCIAL (GENERAL)
$13,600,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$12.27M
Range $11.04M – $13.50M · ±10% · vs last sale $12.46M (Oct 29 2024)
Last sale anchor
$12.46M
Oct 29 2024
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
$100 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$172,134
Tax year 2023
Assessed value
$8,988,700
Assessed 2023
Previous assessed
$8,620,100
+4.3% YoY
Effective rate
1.92%
On assessed value
Assessed land
$3,143,300
Assessed improvement
$5,845,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
GRAVITY
Cooling
YES
Stories
2
Total area
122,390 SF
Lot
13 ac (566,280 SF)
Zoning code
S&PS
APN
BANG M:R69 L:001-N
UPID
US42-0009268
Jurisdiction
BANGOR
Zoning & alternative use
S&PS · Bangor, MEZoning S&PS · permitted uses
S&PS · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.6M
COMMERCIAL (GENERAL)
Est. value
$13.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1997
Heating
GRAVITY
Cooling
Yes
Stories
2
Lot
13 ac
Current owner
From public records · entity-resolved
Realty Income Prop 28 LLC
Entity
Mailing address
110 LONGVIEW DR, BANGOR, ME 04401
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
$12,460,350
Realty Income Prop 28 LLC
Orchard Acres Apt LLC
Warranty Deed
—
Sep 7, 2022
$12,749,669
Orchard Acres Apt LLC
Longview Plaza LLC
Warranty Deed
$6,800,000 · Td Bank NA
Dec 7, 2016
—
Longview Plaza LLC
—
Deed
related
$6,000,000 · Citizens Bank
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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