Property profile

115 Franklin St 2B Bangor, ME 04401

FOR SALE
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Property ID
US42-0171154
4,465 SF Built 1983
Last sale Mar 2025·$118,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon
115 Franklin St,Unit 2B, Bangor, ME 04401 For Sale
$129,900 4,465 SF
115 Franklin St,Unit 2B, Bangor, ME 04401
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Property summary

AI-generated overview

A second-floor office condominium suite in a building constructed in 1983, offering approximately 820+ square feet of interior space. The layout includes three private offices, a shared entry area, a kitchen, and a private bathroom. Elevator access connects the suite to the building’s street-level common entrance, and the suite has approximately 70 square feet of basement storage for files and equipment. The property is zoned Com and is located in downtown Bangor at 115 Franklin Street, near…

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?
$2k
Tax billed · 2023
Assessed value$115k
Assessed land$7k
Assessed improvement$107k
Effective rate1.92%

Value estimate

· Nov 2026
$105k
$95k – $116k
AI approach$150k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$2k
Operating expenses−$4k
NOI · 8.96% cap applied$12k

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?
8.96%
$12k 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 2B Bangor, ME 04401
County assessor Recorded deeds · 2 transfers 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
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
33 Mildred, Bangor, ME 04401-4304 $300,000 Sep 2023 3,390 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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