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    Property profile & analytics

    12 Progress S Park Newport, ME 04953-4153

    • Industrial properties
    • 6.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US42-0146691
    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

    • Paris Farmers Union / Garden Center / Paint Store

    Property Details for 12 Progress S Park

    Lot size
    6.20 lot acres
    Zone code
    BR
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    NEPT M:004 L:020
    APU
    NEPTM004L020

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Penobscot
    State
    Maine
    Longitude
    -69.2836
    Latitude
    44.8353
    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
    $14,090
    $142,400
    $722,000
    $864,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      78,681 SF

      44 Spg St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 78,681 SF
      44 Spg St, Newport, ME 04953-3135
      View Details
    • Value Estimation
      $570,000
      1,482 SF

      32 Stetson Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,482 SF
      32 Stetson Rd, Newport, ME 04953
      View Details
    • Value Estimation by Request
      4.00 Acres

      77 High St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4.00 Acres
      77 High St, Newport, ME 04953-3028
      View Details
    • Value Estimation by Request
      576 SF

      Hamstead Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 576 SF
      Hamstead Dr, Newport, ME 04953
      View Details
    • Value Estimation
      $300,000
      3,600 SF

      25 Progress S Park

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,600 SF
      25 Progress S Park, Newport, ME 04953-4152
      View Details
    • Value Estimation
      $270,000
      1.88 Acres

      9 Railroad St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.88 Acres
      9 Railroad St, Newport, ME 04953-3202
      View Details

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    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      1.7k
    • Avg Time on site
      16 min
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    12 Progress S Park
    Newport, ME 04953-4153
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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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