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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Retail space
1172 Hammond St Bangor, ME 04401-5756
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US42-0447710
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Total area
12,400 SF
Lot
1.21 ac (52,708 SF)
Zoning code
GC&S
APN
BANG M:R18 L:023
UPID
US42-0447710
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
-
Firestorm Cannabis Company Family Recreation Center
-
B. W. Hewes & Sons Construction Company General Contractor
-
Atlantic Granite Building Supply Hardware & Home Improvement
-
Macatty Publishing Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$970k
Blend (final)
Blend
$900k
Owner & transaction history
1172 Hammond Street LLC · 7 yrs held
1172 Hammond Street LLC
since 2019
4 recorded transactions
Zoning & alternative use
GC&S · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,275,000
Current use
COMMERCIAL (GENERAL)
$1,380,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$73 / 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
$11,898
Tax year 2023
Assessed value
$621,300
Assessed 2023
Previous assessed
$583,300
+6.5% YoY
Effective rate
1.92%
On assessed value
Assessed land
$177,600
Assessed improvement
$443,700
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
1975
Heating
SPACE
Stories
2
Total area
12,400 SF
Lot
1.21 ac (52,708 SF)
Zoning code
GC&S
APN
BANG M:R18 L:023
UPID
US42-0447710
Jurisdiction
BANGOR
Zoning & alternative use
GC&S · Bangor, ME
Zoning GC&S · permitted uses
GC&S · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.4M
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
1975
Heating
SPACE
Stories
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
1172 Hammond Street LLC
Entity
Mailing address
PO BOX 2523, BANGOR, ME 04402-2523
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2019
—
1172 Hammond Street LLC
John C Cousins
Warranty Deed
$650,000 · Maine Savings Federal Credit Union
Mar 3, 2014
—
John C Cousins 3rd
—
Deed Of Trust
related
$240,000 · Eastern Maine Development Corp
Dec 30, 2005
—
John C Cousins 3rd
—
Deed Of Trust
related
$400,000 · Key Bank NA
—
—
John C Cousins III
—
Deed Of Trust
related
$240,000 · Private Individual
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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