Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
117 Broadway Bangor, ME 04401-5205
Entity Owned
~
Est. High Equity
Property ID
US42-0495698
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Total area
17,160 SF
Lot
1.01 ac (43,996 SF)
Zoning code
M&SD
APN
BANG M:048 L:151
UPID
US42-0495698
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
-
Bridgman Laura T FNP Registered General Nurse
-
Northern Maine Skin Cancer Center Medical Clinic
-
US Marine Corps Recruiting Military Recruiting Office
-
Community Health And Counciling Local Government Office
-
Back in Motion Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$726k
Blend (final)
Blend
$685k
Owner & transaction history
Broadway Medical Arts LLC
Broadway Medical Arts LLC
since 2026
6 recorded transactions
Zoning & alternative use
M&SD · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
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
$40 / 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
$17,411
Tax year 2023
Assessed value
$909,200
Assessed 2023
Previous assessed
$603,800
+50.6% YoY
Effective rate
1.91%
On assessed value
Assessed land
$71,000
Assessed improvement
$838,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Heating
CENTRAL
Cooling
YES
Total area
17,160 SF
Lot
1.01 ac (43,996 SF)
Zoning code
M&SD
APN
BANG M:048 L:151
UPID
US42-0495698
Jurisdiction
BANGOR
Zoning & alternative use
M&SD · Bangor, ME
Zoning M&SD · permitted uses
M&SD · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bangor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
CENTRAL
Cooling
Yes
Lot
1.01 ac
Current owner
From public records · entity-resolved
Broadway Medical Arts LLC
Entity
Mailing address
PO BOX 262, GOULDSBORO, ME 04607-0262
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
—
Broadway Medical Arts LLC
—
Deed
related
$2,790,000 · 1st National Bank
Sep 8, 2021
—
Broadway Medical Arts LLC
—
Deed
related
$2,315,000 · 1st National Bank
Aug 19, 2020
—
Broadway Medical Arts LLC
—
Deed
related
$799,000 · Bar Harbor Bank & Trust Co
Jul 21, 2017
—
Broadway Medical Arts LLC
—
Deed
$682,000 · Bar Harbor Bk&tr
Apr 2, 2008
—
Yacht Club Broadway
—
Deed Of Trust
related
$100,000 · Banknorth NA
—
—
Broadway Medical Arts LLC
—
Deed Of Trust
$682,000 · Bar Harbor Bk&tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 117 Broadway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
