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    Property profile & analytics

    115 Franklin St Ste 1a Bangor, ME 04401-4973

    • Office Properties & Spaces
    • 4,520 SF
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    May 22, 2023
    $129,000
    Location Intelligence
    Property ID
    US42-0193112
    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

    • Worgull Norman O / Psychologist
    • Cheryl S. Pelletier / Psychotherapist
    • Kristi Buchanan Lmt / Massage Therapist
    • Horace Mann Insurance Co / Insurance Agency
    • TrueNorth Counseling Solutions / Counselor

    Property Details for 115 Franklin St Ste 1a

    Year built
    1983
    Property size
    4,520 SF
    Zone code
    DDD
    Property type
    Office Properties & Spaces
    APN
    BANG M:041 L:082 U:115-A1
    APU
    BANGM041L082U115A1

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $150,000
      6.5%
      $130,000
      7%
      $130,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $140,000
      Geo Method
      $145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $145,000
      Retail
      $115,000
      Mixed-Use
      $140,000
      Hospitality
      $130,000
      Educational
      $140,000
      Residential Income
      $155,000
      Energy
      $150,000
      Income-Based Land
      $125,000
      Food Service
      $120,000

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.772
    Latitude
    44.8034
    CBSA code
    12620
    CBSA name
    BANGOR, 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
    $1,557
    $7,600
    $71,300
    $78,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      99,755 SF

      663 Stillwater Ave & Bangor Mall Blvd

      Land • 99,755 SF
      663 Stillwater Ave & Bangor Mall Blvd, Bangor, ME 04401
      View Details
    • Value Estimation by Request
      33,702 SF

      489 State St, Unit B

      CONDOMINIUM OFFICES • 33,702 SF
      489 State St, Bangor, ME 04401-6616
      View Details
    • Value Estimation by Request
      514 SF

      417 State St, Unit 24

      CONDOMINIUM OFFICES • 514 SF
      417 State St, Bangor, ME 04401-6630
      View Details
    • Value Estimation
      $150,000
      2,757 SF

      36 Penn Plz, Unit 50

      CONDOMINIUM OFFICES • 2,757 SF
      36 Penn Plz, Bangor, ME 04401-3620
      View Details
    • Value Estimation
      $280,000
      1,658 SF

      417 State St, Unit 40A

      CONDOMINIUM OFFICES • 1,658 SF
      417 State St, Bangor, ME 04401-6630
      View Details
    • Value Estimation
      $405,000
      1,922 SF

      417 State St, Unit 12E

      CONDOMINIUM OFFICES • 1,922 SF
      417 State St, Bangor, ME 04401-6630
      View Details

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    Similar Nearby for Lease

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    • $18 SF/Yr
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      Renovated office space in downtown Bangor with flexible layout.
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      View Details
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    115 Franklin St Ste 1a
    Bangor, ME 04401-4973
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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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