Property profile

115 Franklin St 3A Bangor, ME 04401

FOR SALE
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Property ID
US42-0528457
5,645 SF Built 1983
Last sale Mar 2024·$225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
115 Franklin St,Unit 3A, Bangor, ME 04401 For Sale
$249,900 5,645 SF
115 Franklin St,Unit 3A, Bangor, ME 04401
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Property summary

AI-generated overview

This office condominium occupies the entire third floor and contains just over 2,000 sq ft of workspace in a recently updated condition. The interior layout includes two conference rooms, six to seven private office spaces, a reception and front-desk area, and a private bathroom. Elevator access provides direct entry for occupants and visitors, and the building features a street-level common entrance. A basement storage area adds approximately 150 sq ft (+/-). The property is located at 115…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$180k
Assessed land$18k
Assessed improvement$162k
Effective rate1.92%

Value estimate

· Nov 2026
$225k
$203k – $248k
AI approach$225k
NOI build-up
Gross scheduled income$44k
Vacancy & credit loss−$6k
Operating expenses−$10k
NOI · 11.65% cap applied$29k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$80/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$40 – $125

Cap rate analysis

How does the asset earn?
11.65%
$29k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DDD
The Downtown Development District is established to accommodate those retail, service and office uses which are of City wide or regional ...
General categoryCIVIC_INSTITUTIONAL
JurisdictionBANGOR

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.1
Watch Repair Shop8.8
Carpet & Flooring Store8.5

Location

115 Franklin St, Unit 3A Bangor, ME 04401
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1380 Hammond, Bangor, ME 04401-5710 $600,000 Oct 2024 6,452 SF
175 Un, Bangor, ME 04401-6116 $375,000 Sep 2024 5,586 SF
766 Stillwater, Bangor, ME 04401-3616 $305,000 Jun 2024 4,800 SF
292 State, Bangor, ME 04401 $575,000 Jan 2024 3,440 SF
205 French, Bangor, ME 04401-5064 $450,000 Nov 2023 4,608 SF
176 Mt Hope, Bangor, ME 04401-4180 $330,000 May 2022 4,900 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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